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The Incurred Claim Ratio is a key performance indicator that reveals the percentage of claims paid by an insurance company out of all claims incurred, revealing the company’s claim-paying ability and potential financial stability.

When it comes to choosing a health insurance policy, one of the vital factors to consider is the insurer’s claims settlement track record. The Insurance Regulatory and Development Authority of India (IRDAI) has published its annual report, which provides...

Our top recommendation for the best insurance company in India is Aditya Birla, New India, HDFC ERGO, Bajaj, and Shriram, which settle 90% of claims, outpacing competitors Star and others.

A recent report by the Insurance Brokers Association of India (IBAI) has shed light on the performance of Indian insurance companies in settling claims. The report reveals that four insurance companies, including public and private sector entities, have cleared over...

India sets new record with sharpest fall in insurance claim rejections

The Insurance Brokers Association of India (IBAI) has released a handbook revealing the claims repudiation ratios of various insurance companies in India. The claims repudiation ratio refers to the proportion of claims rejected out of the total number of claims closed...