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May 11th, 2016, 08:15 AM
Super Moderator
 
Join Date: Mar 2012
Re: IRDA Data on Health Insurance

Because of high number of pending cases anytime of time, it is imperative to take a gander at "cases rejected" as opposed to claim settlement proportion for a considerable lot of these wellbeing back up plans.

Below is IRDA claim settlement ratio of heath insurance in 2014-15 for some of the top companies.

Claim Settlement proportion of Max Bupa in 2014-15-79.7%
Claims Rejected-12.56%
All out cases settled-88,584

Claim Settlement Ratio of Religare Health Insurance in 2014-15-87.23%
Claims rejected-7.5%
All out cases settled-81,545

Claim Settlement Ratio of Royal Sundaram Health Insurance in 2014-15-87.93%
Claims rejected-8.5%
Complete cases settled-21,764

Claim Settlement Ratio of Cigna TTK Health Insurance in 2014-15-77.12%
Claims rejected-19.4%
All out cases settled-711

Claim Settlement Ratio of Bajaj Allianz Health Insurance in 2014-15-83.4%
Claims rejected-18.8%
All out cases settled-1,43,516

Claim Settlement Ratio of ICICI Lombard Health Insurance in 2014-15-95.2%
Claims rejected-2.3%
Absolute cases settled-21,37,983

Claim Settlement Ratio of Oriental Health Insurance in 2014-15-94.7%
Claims rejected-0.1%
All out cases settled-6,92,720


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