Sentences with phrase «compare claim settlement ratio of your insurer»

Not exact matches

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.

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.

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.