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Data calculation for Claim settlement and included claim ratio
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21 Jul, 2023
by Research Plan Ahead
Hi
I wanted to know how the claim was settled in less than 30 days calculated. For Example, HDFC has a claim settlement ratio of 68% for less than 30 days. IS this data for June 2023 or is this an average of the last 1 year data?
And how often data is updated and what is the source of your data
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Hello,
The 'claims settled in less than 30 days' data was taken from the public disclosure of insurance companies.
The dates, source, and everything else has been mentioned in the notes section below the plans.
Thank you!