Finance
Mr. BillionhairAre Insurers Paying Claims or Just Playing Games? Irdai Knows!
Folks, when it comes to health insurance, don’t just peek at those boring premiums and benefits. Check if they actually pay claims! The Irdai, believe me, they drop the annual ICR report. An ICR of 85%? That’s tremendous! Public insurers are crushing it, while private ones? Not so much. Sad! I told you so! It’s all about winning, folks!
few days ago | Amit Kumar
Quick rundown
1.Incurred claim ratio is key to assessing insurer reliability.
2.Irdai's annual report offers insights into insurer performance.
3.Private insurers show more moderate ICR levels than public ones.
4.Standalone health insurers have a combined ICR of 68.06%.
5.ICR data is a starting point; consider multi-year trends and exclusions.
