<strong>₹5 Lac</strong> Health Cover for your Family Starts <strong>@ ₹793/<span>month*</span></strong>
₹5 Lac Health Cover for your Family Starts @ ₹793/month*
₹5 Lac Health Cover for your Family Starts @ ₹793/month*
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*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply

Health Insurance Claims Ratio- Things You Should Look Before Buying Health Insurance

There has always been a doubt in customers mind about whether the private company will keep its side of the bargain i.e. it will settle the claim or not. A customer spends premium annually which will cover his medical expenses but there’s always a concern in his mind about the claim settlement.


There are three vital health insurance claim ratios that one must understand:

  • Claim settlement ratio
  • Claim repudiation ratio
  • Claim pending ratio

Claim Settlement ratio tells us about the claim solving ability of the insurer. If claims are intimated and the insurer solves those, claim settlement ratio would be good. Higher claim settlement ratio implies that the majority of claims are getting solved. Example- An insurer has 60% claim settlement ratio which means that insurer settles 60 out of 100 claims.

Health Insurance Settlement Ratio has been Calculated as = (Total Claims Settled)/ (Total Reported Claims + Outstanding Claims at Start of Year – Outstanding Claims at End of Year)


This is thus the proportion of claims (by number) accepted and paid by the insurance company during the year. The complementary number (i.e. 1-Settlement Ratio) gives the total proportion of cases that were unfavourably closed either as repudiation or as a closure.

Claim repudiation ratio tells us about the percentage of the claims rejected by the insurer.

Example- Claim repudiation of 20% means 20 cases out of 100 are rejected.

Claims Repudiation Ratio= (Claims rejected/total claims) %

The reasons for rejection could be false claims, untimely intimation, coverage not covered under the policy etc.

Claims pending ratio tells us about the outstanding claims that have not been settled either way- neither accepted nor rejected.

Example- Claims pending ratio of 40% would mean 40 claims out of 100 are yet to be solved.

Claims Pending Ratio= (Claims outstanding/total claims) %

Health insurance claims could remain outstanding as a result of unfurnished information like doctors certificate. The insurer takes time to validate the expenses incurred during hospitalization.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.

How do Claims Ratio Data Help me?

Claims data let you understand the history of the insurer claims handling the process. It should also be noted that new insurers typically would have lower settlement ratio. That is because claims filed so early could probably mean that it could be a fake. Yet claims data does enlighten us in making an analysis of companies which have been operating for the same period. Even though genuine claims are rarely rejected, knowing about claims does help you arrive at the final decision. If you think that two insurer products have more or less same benefits, knowing that one insurer has 90% claim settlement could clinch the deal.

Policybazaar View:

Health insurance claims are mostly accepted. That’s because of the insurer’s service of network hospitals where the cashless facility is available. In case of non-network hospitals also, as long as treatment is within coverage and stipulated requirements has been fulfilled, claims will be accepted. It must be understood that no insurer rejects the genuine claim.

Data source: Public Disclosure NL-25 of Insurance Companies

Data on Settlement Ratio for Health insurance for FY 2018-2019

Insurer  Name

Claim Settlement Ratio

Incurred Claim Ratio


Aditya Birla Health Insurance



View Plan

Bajaj Allianz Health Insurance



View Plan

Bharti AXA Health Insurance



View Plan

Cholamandalam Health Insurance



View Plan

Digit Health Insurance



View Plan

Edelweiss Health Insurance



View Plan

Future Generali Health Insurance



View Plan

HDFC Ergo General Health Insurance



View Plan

HDFC Ergo Health Insurance (formerly known as Apollo Munich Health Insurance)



View Plan
IFFCO Tokio Health Insurance N/A 102% View Plan
Kotak Mahindra Health Insurance N/A 47% View Plan
Liberty Health Insurance 88% 82% View Plan
Max Bupa Health Insurance 96% 54% View Plan
ManipalCigna Health Insurance 91% 62% View Plan
National Health Insurance N/A 107.64% View Plan
New India Assurance Health Insurance N/A 103.74% View Plan
Oriental Health Insurance 89% 108.80% View Plan
Religare Health Insurance 93% 55% View Plan
Raheja QBE Health Insurance N/A 33% View Plan
Royal Sundaram Health Insurance 85% 61% View Plan
Reliance Health Insurance 84% 14% View Plan
Star Health Insurance 90% 63% View Plan
SBI Health Insurance N/A 52% View Plan
Tata AIG Health Insurance 96% 78% View Plan
United India Health Insurance N/A 110.95% View Plan
Universal Sompo Health Insurance 93% 92% View Plan
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Disclaimer : *Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer. 

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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