Sentences with phrase «claims settlement ratio indicates»
First let's understand first what the death claims settlement ratio indicates and what it doesn't.
https://securenow.in/
Because to me a high (> 90 %) claims settlement ratio indicates 2 things.
A higher claim settlement ratio indicates higher chances of the nominee / family receiving the claim amount after the passing away of the policyholder.
Not exact matches
Claims Settlement Ratio of more than 90 % is indicated with a green circle to make it easy for you to analyze.
A claim settlement ratio is a percentage that indicates the number of insurance claims settled against the number of claims filed in a financial year.
However, one should note that it had 81 % claim settlement ratio for FY2013 - 2014 as indicated in my earlier article.
1) As you yourself has indicated in the article above, most of the TOP Insurance companies are having very healthy claim settlement ratio of 92 % +.
This ratio indicates how efficient a general insurance company that sells health insurance or a standalone health insurance provider is when it comes to claim settlement.
The percentages of claim settlement ratios are a bit misleading as indicated in the first quote.