ACKO Claim Settlement Ratio
- Check the CSR of ACKO Health
- Compare the CSR performance
- Know the claim settlement process
A health plan is one of the best things that you can gift yourself and your family. But have you ever thought about what will happen if your Health insurance company is unable to settle your claim? Or what if your claim settlement process is delayed?
The mere thought of struggling with another problem during an ongoing medical emergency is quite petrifying. To avoid such situations, it is best to check the Claim Settlement Ratio of the company you have chosen to buy. Now, you must be wondering about the Acko Claim Settlement Ratio and how it helps you avoid the above-mentioned situations.
Well, continue reading to find out for yourself.
The claim settlement ratio, or CSR, is the percentage of claims a health insurance company has paid. To put it another way, it’s the proportion of claims paid out by an insurer in a given financial year. The ratio is calculated by dividing the total number of claims filed by the total number of claims settled.
Health Claim Settlement Ratio=Number of claims settled/number of claims received * 100
As per IRDAI, Acko Health Insurance Claim Settlement Ratio is 98%. Take a look at the below table for insight and get an idea of the Acko Claim Settlement Ratio
| Status of Acko Insurance Claim Settlement ratio- 2021-22 | ||||||
| Age Analysis of Number of Claims Paid (%) | < 3 months | 3 months to 6 months | 6 months to <1 year | 1 year to <3 year | 3 years to <5 years | 5 years |
| Claims Settled | 97.2 | 1.67 | 0.8 | 0.33 | 0.00 | 0.00 |
Acko insurance claim settlement ratio showcases that the company understands the need for quick claim settlement and settles your claims on time. The company allows the policyholders to raise claims in two ways:
Online Procedure
Procedure for reimbursement claims:
The company will verify all the documents. On approval, the claim amount will be released.
Acko health insurance offers great customer service and satisfactory claim support. For more information about the claim settlement process of Acko health insurance, reach out to our insurance advisors at 1800-4200-269.
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Know More About Health Insurance Companies
The claim settlement ratio or CSR of ACKO health insurance company is 83.88%.
If you are receiving treatment at a non-networking hospital, you must need to reach out to the customer care executive or delivery agent assigned for your ACKO health insurance policy.
Acko General Insurance Limited has several claims paid ranging up to 97.68% according to 2022-23 reports.
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Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.
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