Life insurers need to settle claims within 30 days of receiving all documents. Read for details.
Incurred Claim Ratio (ICR) is the total value of every claim divided by the total premium collected by the insurer during a particular time period
Buyers often check and compare the premium payable from different insurers before buying a policy
If found driving under the influence of alcohol, your accidental damage claim will not be entertained
The claims settlement ratio signifies the percentage of settled claims by the insurer out of the total claims received