The phrase
"rejection ratio" refers to the proportion or percentage of rejections or refusals. It reflects how often something or someone is rejected or denied.
Full definition
You are a Google search away from finding out the Claim
Rejection Ratio of your preferred insurance company.
But if you get there, it should be reliable: Google promises both phones can recognize a finger in less than 600 milliseconds and will learn fingerprints over time to drive down the
false rejection ratio.
Identifying a good life insurance company merely basis their claim settlement ratio or
claim rejection ratio shouldn't be practiced.
The most important thing to consider is the insurance company's claim
rejection ratio.
An insurer might be offering the cheapest term plan but what if its claim
rejection ratio is over 50 %?
Claim
Rejection Ratio is the ratio of the claims rejected in ratio with the settled claims.
It has also been noted that generally the claim
rejection ratios are relatively lower if the term insurance policy has been active for more than 10 years.
What if a company has a low claim settlement ratio and a high
rejection ratio?
The rejection ratio was earlier at 6.67 %.
Looking forward to your next article on «
rejection ratios».
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