by paybima

IRDA Health Insurance Claim Settlement Ratio for Top Health Insurance Companies

What is Insurance Regulatory and Development Authority (IRDA)?

The Insurance Regulatory and Development Authority of India (IRDAI) is an apex body which governs the workings of the life and non-life insurance companies operating in the market.

How is Claim Settlement Ratio Calculated

The claim settlement ratio of an insurance company measures the proportionate claims which the company has settled from the total number of claims made on it in a financial year. Claim settlement ratio = (total claims paid by the company / total claims made on it) * 100

IRDA Claim Settlement Ratio of Health Insurance Companies 2022

Royal Sundaram Health Insurance Company

CSR - 89%

Oriental Health Insurance Company

CSR - 89%

Liberty Health Insurance Company

CSR - 94%

Care Health Insurance Company

CSR - 95%

Niva Bupa

CSR - 96%

Star Health Insurance Company

CSR - 90%

Aditya Birla Health Insurance Company

CSR - 94%

DIGIT Health Insurance Company

CSR - 96%

Reliance Health Insurance Company

CSR - 100%

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