Not exact matches
Overall, the
claim settlement ratio for the life insurance industry stands at 97 %, but a lot of it is because of LIC's large base with
very high CSR.
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..
a) Any person who is looking for a plain term insurance plan or b) Any person for whom the
high claim settlement ratio is
very important even if it comes at a
higher cost as compared to premiums of other plans of other companies or c) Any person who would prefer to buy insurance from a Government owned company may go for this plan.
The
higher settlement ratio is good for the company as
claim rejection chances are
very less from such insurance companies.
One thing I would like to point out for the
claim settlement ratio for LIC being
very high.