Sentences with phrase «claim settlement ratio means»

Such a healthy claim settlement ratio means that you are more than likely to get your claims on time, and at the time when you probably need it the most.

A 100 % Claim Settlement Ratio means all claims submitted are settled.

Not exact matches

If the company has higher claim settlement ratio, it means it has the capacity to tackle a claim smoothly.

A 100 % claim - settlement ratio (very rare) means the insurance company has settled every claim.

So a 100 % claim - settlement ratio (very rare) means the company has settled every claim.

So, if a company has a claim settlement ratio of 97 %, it means that company has a track record of paying claims to 97 people out of every 100 claims made.

Higher the ratio means higher claim settlement.

If you search online you would come to know that this insurance company carries a good claim settlement ratio as well, that means you can completely trust it for your life insurance requirements.

The more the ratio, means the number of successful claim settlement is more.

The company has a healthy claim settlement ratio which means its claim settlement process is hassle - free and it offers good service to its customers.

So for example if the claim settlement ratio of LIC for the year 2012 - 13 is 97.73 %, in simple terms it means for every 100 claims that LIC received in 2012 - 13, it settled 97.73 claims.

LIC's claim settlement ratio for the year 2010 - 11 was 97.03 %, which in simple terms means out of every 100 claims LIC received during the year 2010 - 11, it paid 97 claims.

Claim Settlement ratio, expressed in percent, means the number of claims settled by a life insurance company out of the total claims received during a particular period, normally a year.

which partially mean claim settlement ratio is no more a criteria for selecting term plan

For an instance, if an insurer's incurred claim ratio is 80 % it means, the insurer spends 80 Rs on claim settlement for every Rs 100 it earns from premium.

If an insurance company has received claims of 100, settled 90 and rejected 10, this means it has 90 % claim settlement ratio.