Sentences with phrase «compare claim settlement ratio»

Focus On Needs Most of us compare the claim settlement ratio of different companies and go for one that has a higher ratio compared to its peers, falsely assuming that if the claim settlement ratio is good the claim would also be easily settled.

«But you need to compare the claim settlement ratio against premiums.

Policyholder needs to check and compare the claim settlement ratio of the company from which he or she is thinking to buy a policy and if the company is serving the customers with the facility of Term Insurance since long or the company is new to the concept of term insurance.

6 term insurance plans: Comparison of claim settlement ratio, premiums and features In this article, we compare the claim settlement ratios of insurance companies for the years 2015 - 16, 2014 - 15, 2013 - 14.

Not exact matches

After comparing I have shortlisted religare because it is cheapest, but there claims settlement ratio is lowest in the chart above.

Claim Settlement Ratio is widely used for comparing companies when buying Term Insurance.

Life Insurance Corporation posted claim settlement ratio of 97.73 per cent last fiscal, as compared to 97.42 per cent in 2011 - 12.

For private insurers, the settlement ratio had gone down to 88.65 per cent in 2012 - 13, as compared to 89.34 per cent during the previous year, Irda said.It further revealed that private sector insurance firms have been rejecting about 8 per cent of the claims as against 1.12 per cent by the LIC.

You have to compare health insurance online providers in terms of their claim settlement ratio.

To compare two wheeler insurance online you should factor in important aspects like customer service, network of cashless garage, claim settlement ratio and availability of add - on cover.

To compare two wheeler insurance online you should factor in important aspects like customer service, network of cashless garage, claim settlement ratio and availability of add - on cover in your two - wheeler insurance.

According to data released by the Insurance Regulatory and Development Authority of India (IRDAI), the claim settlement ratio of LIC improved to 98.14 % during the year 2013 - 14 compared to 97.73 % during the previous year.

After comparing I have shortlisted religare because it is cheapest, but there claims settlement ratio is lowest in the chart above.

Also, while making a comparison between the plans, one should compare the various insurers on the basis of their claim settlement ratio and financial track records.

Find the right source online to view and compare policies basis of several parameters like low premium cost, coverage, additional benefits, claim settlement ratio, etc..

You can check out the claim settlement ratio of the insurance companies here and from that this is clear that HDFC Life is a good company compared to others if you leave LIC of India aside.

The first thing I want to highlight here is that Aegon has a good claim settlement ratio of around 90 % claims settled compared to others.

If you compare with Reliance Life (as I took previous example from Reliance) who has a claim settlement ratio 81.97 % and pending claim ratio is 7.16 %.

But if you know how to choose the best term plan comparing few factors (claim settlement ratio, reputation, company age etc) between term plans, the I think I don't have to answer this question here again.

The claim settlement ratio is expressed in percentage which is helpful for comparing the claim settlement data by the customer across insurers.

Thus, Claim Settlement Ratio (as a parameter) to decide the insurer gets more weightage in case of buying a Term Insurance Policy as compared to other types of policies.

Comparison of Max Life Online Term Plan with other plans in the market Let us now compare the Max Life Online Term Plan in terms of features, claim settlement ratio and premium amount with offline term plan of Max Life Insurance and other online plans available in the market.

Overall conclusion Comparing all the above six term insurance plans we come to the following conclusion a) An individual for whom the claim settlement ratio matters the most (even if it comes at a higher premium), the ultimate choice to go for is LIC e-Term b) Most individuals look for a combination of higher claim settlement ratio & low premium and range of cover options to choose from.

Insurance companies like LIC, HDFC Life and ICICI Life Insurance has higher claim settlement ratio, hence are relatively better compared to others.

a) Any person who is looking for a plain term insurance plan or b) Any person for whom the high claim settlement ratio is very important even if it comes at a higher cost as compared to premiums of other plans of other companies or c) Any person who would prefer to buy insurance from a Government owned company may go for this plan.

Let us now compare the basic version of the plan (life option) in terms of features, claim settlement ratio and premium amount with other online plans available in the market.

Also HDFC Life has a better claim settlement ratio of 94.01 as compared to SBI Life's claim settlement ratio of 91.06.

As can be seen from the above table the claim settlement ratio of most life insurance companies has improved in 2010 - 11 as compared to 2009 - 10.

Somebody who is looking for high claim settlement ratio, increased sum assured, choice of riders can definitely go for this policy, albeit at a little higher premium compared to similar plans being offered in the market.

Claim Settlement ratio is the ratio arrived by comparing the total claims paid over the total claims received by the insurance company.

ICICI Prudential which is offering I - Protect Term Plan has a much better claim settlement ratio at 90.17 as compared to Aviva.

Our Take: Following people may go for LIC's e-Term plan: i) People for whom the claim settlement ratio is more important than the little higher premium charged by LIC as compared to the lower premium of other insurance companies ii) People for whom a plain vanilla term insurance plan is the requirement iii) People who have preference for a company backed by the Government of India iv) People who have all the above requirements or any combination of the above requirements

Shall i split this term plan as 50 -50 as claim settlement ratio of Agon is less compare to HDFC life, i know company is very much new in market still i worried.

Thus, more important than wracking your brains on comparing how much claim «X» company repudiates is focus on factors that are more important than the claim settlement ratio.

They have a much better claim settlement ratio of 91 % as compared to Aviva.

ICICI Pru is slightly costlier than Aviva, but then it has a better claim settlement ratio of above 90 % as compared to 87 % of Aviva.

The criteria for selection is Incurred Claims Ratio (this can be compared with Claim Settlement Ratio of Life Insurance).

pl compare SBI - e shield & ICICI - Icare as premium for both are same.Also the Claim settlement ratio for both are equally comparable.