Reliance Claim Settlement Ratio
- Checkout the CSR of Reliance Health
- Compare the CSR of last 3 years
- Understand the claim settlement process
Claim Settlement Ratio tells you the ability of the company to settle claims in the stipulated time period and helps you understand the history of the insurance company, thus ensuring that the insurer you select is reliable or not.
If in the set time period your company will not be able to settle claims, then the whole purpose of buying a plan from this company gets wasted.
Let's understand with the help of an example, Mr. Ravi availed health insurance from XYZ insurance company, but at the time of his wife's treatment his health insurance company is able to settle claims on time and this causes financial stress and burden among the family members. Therefore, before opting for a health plan, always ensure that your company's claim support is good.
As per IRDAI, Reliance Health Claim Settlement Ratio is 98.65%. The higher the percentage of claim support, the higher the ability of the company to settle claims.
Take a look at the below table to get an insight into the claim settlement ratio of Reliance General Insurance. The comparison of the Reliance Health Insurance Claim settlement ratio for the three financial years will help you evaluate the company's claim settling ability in the past years
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Status of Reliance General Insurance Claim Settlement Ratio
| Status of Reliance General Health 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 | 76.36 | 7.27 | 7.27 | 5.45 | 3.64 | 0.00 |
Reliance Health Insurance Network Hospitals are present in 34 states nationwide. With a wide network of hospitals, Reliance Health Insurance ensures that you are medically secured, irrespective of the city you reside in.
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March 18, 2024
I purchased Reliance Life Insurance from PolicyX one year ago, and my overall experience with them is quite satisfactory.
June 13, 2022
Very nice company with a range of health products. I have bought one plan for myself and my husband, and one for my aged in-laws. Happy with both the plans
May 25, 2022
Reliance General Health Insurance comes with several health plans that lets you choose the ideal one for your family. I recently bought a Reliance Health plan for my whole family, and we are ha...
October 12, 2021
got hospitalized receently for a surgery...the company responded the minute my claims were raised. Good support! Thanks!
October 11, 2021
I m impressed with the service provided by Executives of Reliance Health. They assisted me very patiently
September 1, 2021
Bought the health plan for my parents. now I m assured that their health is not compromised due to money :)
August 18, 2021
Reliance company ka health insurance bahut acha hai, aur premiums bhi bht affordable hai, aur bht jaldi claim ko settle karti hai, muje inki service bahut pasand aayi.
May 10, 2021
I bought this policy in times of pandemic and it is a must-have policy. Services are really very good and I am satisfied with this company. The claim ratio is also good.
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.
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