Sentences with phrase «only claim settlement ratio»

Not exact matches

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.

But the only concern which is bothering me is that aegon religare has low claim settlement ratio...... so do respond me as to which term plan should i go for........

Well i m 29 with no pre disease and planing to buy an Medical insurance for my self only, but after reading so many reviews about so many companies, like some of them are showing good features Like Religare but claim settlement ratio is very low, Some of them have high premium like Max Bupa claim settlement is Good enough but bcz of the high premium and that to be increased every year buying that is not an good option etc etc..

Though the claim settlement ratio mentioned here includes not only term policies but any kind of policy offered by the company, one can certainly depend upon these values for reliability.

LIC is the only insurance company with an astonishing claim settlement ratio of 98.33 % and tops the list of all other competitors in the market for the year 2015 - 16.

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

Make sure that you do not select an insurance provider only on the basis of the claim settlement ratio and consider other important factors like cost of the policy, additional benefits, reputation of the company, reviews, etc. too.

But if you analyse this Claim Settlement Ratio data you will find that LIC is mostly selling Endowment policies only.

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.

In my view of the matter, all insurance policies have to be bought by not only evaluating the premium costs to the life assured, but also the insurance company's reputation when it comes to settlement of claims (payout ratios) and the insurance company's ability to survive in the long run (solvency ratio).

Yes I agree that the claim settlement ratios given are overall for all the products of a particular company and not only for term plans.

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

However, only 10 companies have declared claim settlement ratio of more than 90 %.

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.

Now with regards to Bharti AXA, it is a good company but the only dampener is the low claim settlement ratio.

I have taken term insurence policy from Barathi AXa for 50 Lakhs, but Claim settlement ratio for barathi axa is only 89 %.

This simple ratio not only helps in judging the company but as there are different CSR available like claim settlement ratio of term insurance and others, you can also choose the right policy and plan for your future's financial safety.

But for the life insurance products like Term Plan, looking at a claim settlement ratio is all the more important as pure Term Plan offers only death benefit.

Hi Sreekanth, Is claim settlement ratio the only measure available to consumers to help them make a decision?

Information published in IRDA website also shows that Aegon Religare settled only 24 claims out of the 50 claims it received in the year 2009 - 10 ending the year with a claim settlement ratio of 48 %.

Separate claim settlement ratios only for term insurance plans are not available c) All premiums amounts have been taken from the respective company websites d) The premiums shown in the above table are for a 31 year old male (non-smoker) for a sum assured of Rs. 50 lakhs for a term of 20 years.

So I do nt know how this agent mentions that the claim settlement ratio for online plans is only 20 %.

Also we are considering only last 3 years claim settlement ratio.

Where do we find «Claim Settlement Ratio» every blogger has shown only «Incurred Claims ratio», doesn't IRDA provide the «Claim Settlement Ratio&raRatio» every blogger has shown only «Incurred Claims ratio», doesn't IRDA provide the «Claim Settlement Ratio&raratio», doesn't IRDA provide the «Claim Settlement Ratio&raRatio»?

If an insurance company has received 100 claims, but paid only 90 claims and rejected 10 claims, claim settlement ratio is 90 %.