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INCURRED CLAIMS RATIO
Forget fake invoices. The real risk is the assumptions made in the balance sheet to hide lossesMost accounting risks make noise. The biggest one on the Indian balance sheet doesn't. It hides inside growth assumptions, discount rates, ...
Health insurance company denies claim over father’s alleged alcohol history; son fights back and wins Rs 6 lakhA software engineer's father's health insurance claim was denied by HDFC ERGO due to an alleged alcohol history. The insurer repudiated the...
Should you buy OPD cover in health insurance? Over 40% of healthcare costs are paid out-of-pocket in IndiaOPD cover in health insurance addresses out-of-pocket expenses for doctor visits, diagnostics, and medicines without hospitalization. While...
Time to take measured and logical risks? 5 small-caps from different sectors with upside potential of up to 26%Given the fluctuating situation in the Gulf region because of the US-Iran conflict, there is no guarantee that the market will not fall fur...
Less than 24 hours in Hospital? Know about health insurance coverage for day care treatments, surgeries, and emergency proceduresMany policyholders believe health insurance claims require a 24-hour hospital stay. However, modern policies cover numerous treatments comp...
ET Prime Special Series: Multibagger or IBC - Part 57: Forging firm that supplies Tata, M&M, JCB. Nobody talks about it enoughFor over four decades, one company has been making crankshafts quietly and precisely, supplying customers from Tata Motors to Liebherr to M...
Want higher health insurance coverage through super top-up policy? HDFC Ergo, Aditya Birla, ICICI Lombard, Niva Bupa, Care plans comparedRising healthcare costs necessitate enhanced coverage beyond base policies. Super top-up plans offer this crucial protection, acting as an ...
What is incurred claim ratio? How is it different from claim settlement ratio?If you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 8...
How good is your health insurer in paying against claims? Latest incurred claim ratio of general and health insurance companies in India in 2026Health insurance customers often overlook the Incurred Claim Ratio (ICR), a crucial indicator of an insurer's reliability. IRDAI's latest r...
Buying health insurance for the first time? 5 things you must check
Health and general insurance claim settlement: 5 fastest and slowest insurers to settle claims within 3 monthsThe IRDAI has released the handbook on Indian insurance statistics for FY 2023-24, which reveals the claim settlement performance of all In...
Star Health on IRDAI radar for health insurance claim settlement practicesThe Insurance Regulatory and Development Authority of India (IRDAI) has identified serious lapses in the claim settlement practices of Star...
Cashless claim settlement resumed for CARE and Star Health by AHNA, not for TATA AIGLast month, member hospitals of the Ahmedabad Hospitals and Nursing Association had suspended cashless claims with TATA AIG, CARE Health, a...
How well does health insurer settle claims? Latest Irdai incurred claim ratio of general, health insurance companies in IndiaIncurred claim ratio of general, health insurance cos: If you are planning to buy a new insurance policy or port your existing health insur...
Claims ratio of non-life insurers dips to 82.52% in FY24: Irdai reportIndia's non-life insurance sector saw growth in direct premiums, reaching ₹2.90 lakh crore in 2023-24, with a shift to profitability. Claim...
How good is your health insurer? Latest incurred claim ratio of general, health insurance companies in IndiaIf you are planning to buy a new insurance policy or port your existing health insurance policy to a new insurer, do remember to check the ...
Latest health insurance claim settlement ratio of companies in 2021This ratio gives you an idea as to how reliable the health insurance company can be in case you need to make a claim.
General insurers’ claim ratios improveFrom policyholders’ perspective, a very low claims ratio may not be desirable.
6 ratios to know when buying insuranceHigher the claim settlement ratio, the greater are the chances of settlement of a claim. It is also a measure of the insurer’s reputation.
Four states account for 62% of health cover premiumOne of the reasons for the skew in premium is that 46% of health insurance premium comes from group policies sold to corporates.