Ketan Mankikar is revolutionizing the insurance industry with a focus on transforming it for the new generation. He understands the evolving needs and preferences of younger consumers and is working to make insurance more accessible, user-friendly, and tailored to their lifestyles. By leveraging technology and innovative approaches, Ketan aims to bridge the gap between traditional insurance models and the expectations of modern customers, ultimately creating a more inclusive and relevant insurance ecosystem for the next generation.

by | May 12, 2025 | Care, Edelweiss Tokio, Insurance

The Indian insurance industry has undergone significant changes over the past decade, driven by policy changes, digital platforms, and shifting consumer mindsets. Marketing has become more data-driven, customer-focused, and digitally integrated, enabling personalized...
Fastest Insurers to Settle Claims within 3 Months:ICICI Lombard General Insurance: 98.04% claims settled within 3 months Bajaj Allianz General Insurance: 96.45% claims settled within 3 months HDFC Ergo General Insurance: 95.52% claims settled within 3 months Apollo Munich Health Insurance: 94.95% claims settled within 3 months Max Bupa Health Insurance: 94.64% claims settled within 3 monthsSlowest Insurers to Settle Claims within 3 Months:United India Insurance: 73.45% claims settled within 3 months New India Assurance: 75.13% claims settled within 3 months National Insurance: 76.23% claims settled within 3 months Oriental Insurance: 77.15% claims settled within 3 months Universal Sompo General Insurance: 78.21% claims settled within 3 months

Fastest Insurers to Settle Claims within 3 Months:

  1. ICICI Lombard General Insurance: 98.04% claims settled within 3 months
  2. Bajaj Allianz General Insurance: 96.45% claims settled within 3 months
  3. HDFC Ergo General Insurance: 95.52% claims settled within 3 months
  4. Apollo Munich Health Insurance: 94.95% claims settled within 3 months
  5. Max Bupa Health Insurance: 94.64% claims settled within 3 months

Slowest Insurers to Settle Claims within 3 Months:

  1. United India Insurance: 73.45% claims settled within 3 months
  2. New India Assurance: 75.13% claims settled within 3 months
  3. National Insurance: 76.23% claims settled within 3 months
  4. Oriental Insurance: 77.15% claims settled within 3 months
  5. Universal Sompo General Insurance: 78.21% claims settled within 3 months

by | May 11, 2025 | Aditya Birla, Bajaj Allianz Life Insurance, Care, HDFC ERGO, ICICI Lombard, Insurance, New India Assurance, Star Health and Allied Insurance, United India Insurance

The Insurance Regulatory and Development Authority (IRDAI) has released its handbook on Indian Insurance Statistics for 2023-24, which provides insights into the claim settlement ratios of various insurance companies in India. The claim settlement ratio helps...