Key Points
The Insurance Regulatory and Development Authority of India (IRDAI) has released the claims payment details of general and health insurance companies for the financial year 2022-23..
Check latest health and general insurance claims settlement ratio of health and general insurers..
Among the private health and general insurance companies, Reliance General Insurance tops the list with 98.75% of claims settled within the first three months of initiating the claim in 2023-24..
Number of claims paid (%) Insurers < 3 months in 2022-23 Public sector insurers The Oriental Insurance Co. Ltd. 87.50 Stand-alone health insurers total 99.48..
For the general and health insurance companies, the insurance regulator has mentioned claims settled in different periods such as less than three months, three months to six months, etc..
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