Health insurance

🚨🚨Latest IRDAI Data (FY 2024–25) Many people ask:-

Which health insurance companies actually settle claims?

Instead of only marketing claims, let's look at the IRDAI reported numbers.

Claim Settlement Ratio (CSR) | Incurred Claim Ratio (ICR)

1. Star Health CSR: 99.06% | ICR: 70.30%

2. HDFC Ergo CSR: 96.71% | ICR: 84.85%

3. ICICI Lombard CSR: 97.16% | ICR: 82.24%

4. Care Health CSR: 96.74% | ICR: 64.53%

5. Niva Bupa CSR: 92.39% | ICR: 61.22%

6. Aditya Birla Health CSR: 95.64% | ICR: 71.50%

7. ManipalCigna CSR: 88.64% | ICR: 74.81%

8. Bajaj Allianz CSR: 93.54% | ICR: 57.82%

9. Navi General CSR: 75.40% | ICR: 101.89%

PSU Insurers – Incurred Claim Ratio

10. New India Assurance – 100.98% 11. National Insurance – 96.05% 12. United India – 97.51% 13. Oriental Insurance – 102.58%

Important:- An ideal ICR range is usually between 70% – 90%. Below 70 and above 90 is risky.

Too low → Company paying fewer claims Too high → Company paying more than premium collected

So while buying health insurance, don’t look only at premium or ads.

Look at: • Claim ratios • Network hospitals • Product terms • Claim support during emergency

And most importantly — who is advising you.

Because the right policy matters only when a claim happens.

What is your experience with health insurance claims?

#India #Public #HealthInsurance #InsuranceAwareness #IRDAI #ClaimSettlement #InsuranceAdvisor #InsuranceMatters

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