Health and General Insurance claim settlement: 5 fastest and 5 slowest insurers to settle claims within 3 months

Published By: Economic Times Wealth​

Published Date: 9th May 2025

The Economic Times article titled "Health and general insurance claim settlement: 5 fastest and 5 slowest insurers to settle claims within 3 months" provides insights into the efficiency of various insurers in settling claims promptly. According to the IRDAI's 2023-24 handbook, Navi General Insurance achieved the highest claim settlement ratio at 99.97% within three months, closely followed by Acko General Insurance. However, some insurers, including Star Health, recorded lower settlement ratios, highlighting the importance of evaluating both claim settlement and incurred claims ratios when selecting an insurance provider