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)
Claims settlement data of life insurance companies
IRDA Claim Settlement Ratio of Life Insurance Companies for FY2016-2017
IRDA released its annual report for FY2017 in the first week of 2018. We have the claims settlement data for various life insurance companies for 2017-2018. Clearly, higher the claim settlement ratio, the better it is. However, as I had discussed in my post on claim settlement ratios for FY2016, the claim settlement data hides more than it reveals. Insurance companies … [Read more...] about IRDA Claim Settlement Ratio of Life Insurance Companies for FY2016-2017