#1
May 10th, 2016, 06:31 PM
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IRDA Data on Health Insurance
Hi I would like to have the data on the claim settlement ration issued for various companies by IRDA for the year 2014-2015?
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#2
May 11th, 2016, 08:15 AM
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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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