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What is a Claim Settlement Ratio, and Why Does it Matter?

Different insurance companies operate under distinct practices in the industry. The claim settlement ratio (CSR) represents an essential criterion that policyholders need to evaluate before making a decision. The straightforward measure provides substantial information about the insurer. The percentage of paid claims represents the relationship between paid claims versus total received claims for an insurance company. The CSR represents a critical parameter for insurance customers to assess. This ratio provides an indicator that helps policyholders evaluate insurer trustworthiness. 

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How Many Claims Can Be Raised in Two-wheeler Insurance Policy

Wondering, can you raise more than one claim in a two-wheeler insurance plan? Riding a bike is fun but taking care of the damages or losses caused due to unforeseen situations can be a hassle. So, having two-wheeler insurance and knowing how many claims you can make under it, is important.

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