Which insurance companies reject claims the least? Report reveals truth
People buy general insurance to cover for emergencies so that they do not have to make out-of-pocket hefty payments. They do not just put their money in, but trust while paying premiums. However, not all claims get approved. A recent report reveals that the claim-to-settlement ratio, which shows how many claims were honoured by insurers, […]
Health insurers disallowed claims worth Rs 15,100 crore during FY24
Health insurers disallowed claims worth Rs 15,100 crore or 12.9 per cent of the total claims filed during fiscal 2023-24, according to data released by regulator Irdai. Of the total Rs 1.17 lakh crore claims under health insurance of general as well as standalone health insurers, only Rs 83,493.17 crore or 71.29 per cent were […]
Major Health Insurance Changes Effective 1st October,2024
As of October 1, 2024, health insurance policies have become more favourable for customers. Here are the key updates in health insurance regulations, making it easier to explain to potential buyers. Key Updates in Health Insurance Policies: Shorter Waiting Period for Pre-Existing Conditions The waiting period for pre-existing conditions has been reduced from 48 months […]