Medical Insurance Policy

[whitestar_999]

‘LIC still mkt leader in claim settlements’ - Times of India

IRDA Claim Settlement Ratio 2016-17 | Best Life Insurance Company in 2018 - BasuNivesh

 

[Vyom]

^^ Wow. Looking at the chart, I don't even know why Shriram Life even exist! What a stat for a company in the name of God.

 

[Ronnie012]

Regarding Canara Bank, Andhra Bank etc. it has to be seen if it's really First party or Third Party(TPA).

Regarding LIC , well they don't provide Cashless claim facility. You need to pay your own money first and then claim reimbursement.

 

[billubakra]

Regarding Canara Bank, Andhra Bank etc. it has to be seen if it's really First party or Third Party(TPA).

Regarding LIC , well they don't provide Cashless claim facility. You need to pay your own money first and then claim reimbursement.

Same is the case with most Nationalized insurance companies. You never updated about your case, did they pay you? This is about mediclaim and not life insurance policies though.

 

[billubakra]

‘LIC still mkt leader in claim settlements’ - Times of India

IRDA Claim Settlement Ratio 2016-17 | Best Life Insurance Company in 2018 - BasuNivesh
View attachment 17359

Is there any data like this for mediclaim policies?

 

[Ronnie012]

Same is the case with most Nationalized insurance companies. You never updated about your case, did they pay you?

Well they sent an email last February stating that they have completed the process and initiated payment.
So right now waiting to receive claim amount.

 

[whitestar_999]

Is there any data like this for mediclaim policies?

IRDA Incurred Claim Ratio 2016-17 | Best Health Insurance Company in 2018 - BasuNivesh

In my view, going with companies of high ICR or low ICR is risky. Hence, always choose a company which is in between both these points.