ManipalCigna Claim Settlement Ratio
  • Check & compare CSR
  • Explore claim settlement process
  • Manipal Cigna CSR : 2021-22
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Manipal Cigna Claim Settlement Ratio

Health Insurance these days has become a necessity. But have you ever thought that the entire point of buying health insurance will be useless if your health insurance company is not settling your claims on time and is not able to provide financial stability at the time of an unannounced medical emergency?

Thus, before buying a health insurance plan from Manipal Cigna, it is important for you to check the Manipal Cigna claim settlement ratio and make it one of the key factors while evaluating the company’s performance.

In this article, we will discuss the ManipalCigna Health Insurance Claim Settlement ratio and its importance.

Health Insurance Claim Settlement Ratio

What is a Claim Settlement Ratio?

The claim settlement ratio (CSR) is the percentage of total claims that an insurance company settles in a year. It serves as a gauge of their trustworthiness. The greater the ratio, the more dependable and reliable the insurance is.

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Status of Manipal Cigna Claim Settlement Ratio - 2020-21
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 99.97 0.03 0.00 0.00 0.00 0.00

Why Should You Check Manipal Cigna Health Insurance Claim Ratio Before Buying Health Insurance?

The claim settlement ratio of a health insurance company helps in assessing the reliability of the insurance company in terms of paying the claims. It also gives you an insight into how the company is functioning in terms of settling your claims and can tell you about its reliability.The higher the CSR, the more capable the company is of settling claims. As a result, this component increases a company's client trustworthiness.

In the table above, the Manipal Cigna Claim Settlement Ratio is 99.90%, which shows that the company understands the need for quick claim settlement and helps you get treated without worrying about the finances.

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How to File a Claim for Manipal Cigna Health Insurance?

Along with the ManipalCigna Health Insurance claim ratio, it is imperative for you to understand the claim settlement process. Below we have mentioned the claim filing process. Take a look:

Cashless Process

  • Along with the ManipalCigna Health Insurance claim ratio, it is imperative for you to understand the claim settlement process. Below we have mentioned the claim filing process. Take a look:
  • Provide the health card and ID proof at the network hospital.
  • The network hospital will then send the pre-authorization form and medical records to Manipal Cigna, which will verify all the details.
  • During discharge, the network hospital will send the discharge summary to the company authorizing the amount.
  • Once everything is sorted, Manipal Cigna will make the payment to the network hospital.

Reimbursement Process

  • Intimate the insurer about the hospitalization. Get the treatment done and pay the expenses.
  • During discharge, collect all the necessary documents such as original hospital bills, receipts, discharge summary, investigation reports, and pharmacy bills, and submit them to Manipal Cigna with the duly filled claim form.
  • Post this, Manipal Cigna will assess the documents.
  • If the claim is approved, the amount will be transferred to your registered bank account.

Manipal Cigna Health Insurance: FAQ's

1. What is the Claim Settlement Ratio of Manipal Cigna Health Insurance Company?

Manipal Cigna Health Insurance Company has a Claim Settlement Ratio of 99.9% in the financial year 2021-2022.

2. After how many days from discharge a person must file a reimbursement claim?

A person must file their reimbursement claim within 3 to 5 days from the date of their discharge.

3. What is the name of the mobile app of Manipal Cigna Health Insurance Company to check the claim settlement process?

The name of the mobile application for Manipal Cigna Health Insurance Company is ManipalCigna ProActiv.

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Naval Goel

Reviewed By : Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.