Sentences with phrase «claim settlement ratios while»

I believe that reduces the importance of claim settlement ratios while selecting a life insurance policy.

Not exact matches

2) if i give correct information while buying term insurance, y i should worry for good claim settlement ratio companies?

While 13th month persistency touched 76 per cent, claims settlement ratio reached 94 per cent.

Claim settlement ratio has been chosen to rate the insurance companies because it is the only ratio which could be of use to customers while they select the policy.

While looking for a term insurance policy, one of the major points to consider is claim settlement ratio.Claim Settlement ratio of a company informs you about the number of policies that are settled by paying back the claims in casesettlement ratio.Claim Settlement ratio of a company informs you about the number of policies that are settled by paying back the claims in caseSettlement ratio of a company informs you about the number of policies that are settled by paying back the claims in case of death.

So while you read this, do also check the claim settlement ratio to spot the company that gives you best value.

2) if i give correct information while buying term insurance, y i should worry for good claim settlement ratio companies?

While, understanding the previous claims payment track record of your selected Health Insurance Company is very important before one buys a mediclaim, claim settlement ratio is not the right parameter to measure a Health Insurance Company's efficiency and philosophy towards settlement of claims.

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.

While choosing a term insurance plan, one of the major points to consider is Claim settlement ratio.

While buying term insurance, some vital points to consider are the guarantee period's length, convertibility rights, and the company's financial standing, reputation, customer service and claim settlement ratio.

While pricing is apparent, reputation depends on brand image, claim settlement ratios and quality of service a company provides.

Claim settlement ratio is one of the most important factor one should consider while buying a insurance plan.

Claim settlement ratio is not the only tools that we need to keep in mind while choosing the right Term Insurance Company.

while others are slightly high with the same claim settlement ratio.

While Star Union Daichi had a claim settlement ratio of 86 % in 2015, it increased to 95.30 % in 2016.

Well, a good claim settlement ratio is one of the important factors you should definitely consider while shortlisting a health insurance policy.

While it is not recommended that you should only rely on the claim settlement ratio of an insurance provider when selecting a life insurance, it definitely is one of the most important considerations.

While LIC has the highest claim settlement ratio, it charges a higher premium, too.

Conclusion: While the features like increasing cover, family income protection option and riders are good, the low claim settlement ratio is not comforting.

In a term plan, claim settlement ratio is an important indicator of customer service, which needs to be given little more precedence over other aspects, while selecting a term insurance plan.

Conclusion: While Claim Settlement Ratio is not the only criteria, it is one of the key components in choosing a life insurance plan.

While selecting a term plan, Naresh is in a fix whether he should give more importance to the lower premium charged for online term plans by private insurers or give more importance to the high claim settlement ratio maintained by LIC year after year.

While both plans offer somewhat similar cover options, HDFC Life has a slightly better claim settlement ratio than Max Life, whereas Max Life Online Term Plan comes at a lower annual premium than HDFC Life Click 2 Protect Plan.

Please note: When choosing a term plan, while claim settlement ratio and premium charged are two very important aspects, they are not the only ones that matter.

* The Claim settlement ratio may look better than reported earlier in the post because I have removed the pending claims while calculating the ratio.

«While choosing a life insurance policy, one should consider their need, the type of policy and whether it suits their need, understand all terms and conditions of plan like cover amount, premium paying term, policy tenure and hence the date of maturity, tax benefits, flexibility etc. and not depend on claim settlement ratio alone,» says Deepak Yohannan, CEO, MyInsuranceClub.com.

Even though in the article I have presented the claim settlement ratio I feel while buying insurance policies going by the claim settlement ratio is not the appropriate way of looking at it.

c) High Claim Settlement Ratio (CSR) with Low Premium: This ideal combination of high CSR with low premium is what most people look for while buying term plans.

While claim settlement ratio is not single factor to consider insurance plan, these highlights would help you to pick - up right insurance plan.

While the LIC claims settlement ratio is 99.65 %, other top claim settlement ratios are Birla Sun Life ratios are 99.95 %, Bajaj Allianz 98.27 % etc.,