Sentences with phrase «claim rejection ratio»

They point to the high claim rejection ratio of some private insurers, especially the new players who have set up shop in the past 2 - 3 years.

Claim Rejection Ratio is the ratio of the claims rejected in ratio with the settled claims.

You are a Google search away from finding out the Claim Rejection Ratio of your preferred insurance company.

An insurer might be offering the cheapest term plan but what if its claim rejection ratio is over 50 %?

The most important thing to consider is the insurance company's claim rejection ratio.

Identifying a good life insurance company merely basis their claim settlement ratio or claim rejection ratio shouldn't be practiced.

A company having a high claim rejection ratio need not necessarily be a bad company.

Not exact matches

However, is imperative to check the claim settlement ratio of the insurer before buying a term insurance plan in order to avoid rejection of claims in the time of need.

Filed Under: Financial Planning, Insurance Tagged With: claim settlement ratio, insurance claim rejection, insurance claims

Rejection of claim reduces the claim settlement number further impacting the claim settlement ratio of the insurer.

Just wanted to share Claim Settlement Ratio for iTERM as per the following website — https://buyonline.aegonreligare.com/iTerm-plan.asp#brochure i TERM Claims — Received: 07 Honoured: 06 Rejected: 01 (Rejection reason could be read on the captioned link).

But the fact of the matter is that claim setllement ratio does not tell us how many of the rejections were due to fraudulent cases and how many of the rejections were pertaining to term policy?

The higher settlement ratio is good for the company as claim rejection chances are very less from such insurance companies.