It saw the incurred
claims ratio touch 96.43 per cent in FY13, as compared to 94 per cent in FY12.
Not exact matches
While 13th month persistency
touched 76 per cent,
claims settlement
ratio reached 94 per cent.
It is estimated that the combined
ratio for motor insurance might
touch 200 % by the end of March 31, 2015 on the back of higher
claims especially from commercial vehicles.
With the
claim settlement
ratio touching the 90 % mark in 2103, the refutation
ratio in 2014 has been drastically reduced to 5.47 % as against 16 % in the former year.