Insurance companies are giving less than 80% claims

Published By: Navbharat​

Published Date: 1st December 2024​

According to a report from Navbharat dated December 1, 2024, titled "Insurance companies are giving less than 80% claims," many insurance companies in India are settling less than 80% of the claims made by policyholders. This indicates a significant gap between the number of claims filed and the number of claims paid out, highlighting potential issues in the claims settlement process.

The report emphasizes the need for policyholders to be vigilant and proactive in understanding their insurance policies, ensuring that they are aware of the terms and conditions that may affect their claims. It also suggests that insurance companies should work towards improving transparency and efficiency in their claims processes to build trust and satisfaction among their customers.