Insurance

Now check IRDA Claim Settlement ratio 2013-14 before buying Insurance

Comments (4)
  1. Nilesh Sathe says:

    There is no justification for the private insurance companies to have dismal track record on claim settlement. Insured wants that the family should be protected in case of his demise. If this is doubtful, why should a person insure with a company having bad track record of death claim settlement?
    Remember, each claim settled erodes profitability of the company. When profit is the focus of private insurance companies, its obvious that they will look at each claim with suspicion and put it under microscope to get reason to either repudiate or keep it pending. Its obvious.

  2. Ravindrabhradwaj says:

    It is important for all the insured to know their insurer’s claim settlement ratio. As you have mentioned, private insurer claim settlement ratio is lower. it is good to know the numbers before going for the policy.

  3. David - Beaconlifefunds.com says:

    Hmm.. Death settlement ratio is very important. As you said, those private companies has been denying the policy holders claim for whatever reason. That is not what we paid for! A claim process is always harder as the insurance company has the upper hand in this. Track their record before choosing a policy everybody!

  4. kaushik says:

    i want to know claim ratio of last 10 years

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