Claim Settlement Ratio is a ratio of the number of claims paid to customers by the insurance company to the total claims received by the company. It is calculated as: Claim Settlement Ratio = (Total no. of claims approved/Total no. of...
Health insurance companies in the country have started providing 100 percent cashless treatment on the instructions of IRDAI, the insurance regulatory authority. This decision to implement a cash-free treatment system is beneficial to the policyholders. It is also a means...
