In an earlier post on claim settlement ratio, I had delved into claims data of health insurance companies for FY2018. In this post, let’s look at the claims settlement ratio for the life insurance companies for FY2018. Understanding claims settlement data for life insurance companies is relatively easier since the insured event (death of the insured) is quite crisp. There … [Read more...] about Claims Settlement Ratio of Life Insurance Companies (FY2018)
claim settlement ratio
One of the first questions that many have on their minds while short-listing a life insurance policy is whether insurance company will pay up if the policy holder dies. The greatest worry is if, after so many years of paying premium, the insurance company will reject the claim and leave your family high and dry in times of such emotional stress. No surprise many trust … [Read more...] about Claim Settlement Data of Life Insurance Companies: Hides more than it Reveals
You purchase insurance to ensure that you and your family can tide over any financial hardship due to hospitalization, prolonged medical treatment or unfortunate demise. What if the insurance company rejects your claim? Everything will go for a toss. You were banking on the insurance company to support you/your family but they have politely declined to pay anything. You … [Read more...] about Why Insurance claims get rejected?