Star Health Insurance is one of the most popular health insurance brands in the country. Although it offers great variety of health insurance products, its claim settlement ratios for 2014-15 are not very impressive. Here is a brief summary:
Total Claims Processed-93833 ( Shows that it is one of the popular health insurance in the country)
Total claims Settled- 70328
IRDA Claim Settlement Ratio for 2014-15 ( till March 31, 2015)- 74.91%
Compared to other health insurance companies like Apollo Munich or Religare Health, this number is certainly lower. One should always prefer to be with an health insurer that is consistently settling above 85% of the claims.
so one should not only compare premiums but also compare data based performance of these health insurance companies.
Update- For latest 2015-16 IRDA data of insurers till March 31,2016, please get a quote below.
2 thoughts on “IRDA Claim Settlement Ratio of Star Health Insurance in 2014-15”