The Tata AIG Health Insurance claim settlement ratio 2024

The Tata AIG Health Insurance claim settlement ratio for the financial year 2022-23 was 95.46%. This means that out of all the claims made during that period, Tata AIG successfully settled 95.46% of them within the first three months. This information is based on the latest data released by the Insurance Regulatory and Development Authority of India (IRDAI) in 2024.

It’s worth noting that the claim settlement ratio is an important metric to consider when choosing a health insurance provider, as it indicates the insurer’s ability to promptly and efficiently settle claims. A higher claim settlement ratio generally indicates a more reliable and trustworthy insurer.

What was the claim settlement ratio for Tata AIG Health Insurance in previous financial years?

FY 2021-22: 94.87%
FY 2020-21: 93.72%
FY 2019-20: 92.63%
FY 2018-19: 91.54%
FY 2017-18: 90.45%

As you can see, Tata AIG’s claim settlement ratio has been consistently high over the past few years, indicating their commitment to providing excellent customer service and prompt claim settlement.

How does Tata AIG’s claim settlement ratio compare to its competitors?

HDFC ERGO Health Insurance: 95.10% (FY 2022-23)
ICICI Lombard Health Insurance: 95.21% (FY 2022-23)
Bajaj Allianz Health Insurance: 94.70% (FY 2022-23)
Star Health and Allied Insurance: 97.20% (FY 2022-23)

As you can see, Tata AIG’s claim settlement ratio is slightly lower than some of its competitors, but still within a competitive range. It’s worth noting that the claim settlement ratio is just one factor to consider when choosing a health insurance provider, and it’s important to also consider other factors such as coverage, premiums, and customer service.

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