Care Health Claim Settlement Ratio
  • Explore the CSR of Care Health
  • How to calculate CSR
  • Care Claim settlement process
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Care Health Insurance Claim Settlement Ratio

Health Insurance claim settlement ratio is used to determine the company’s ability of settling claims against the number of requested claims in a financial year.. Every year the Insurance Regulatory and Development Authority of India (IRDAI) publishes the claim settlement ratio of every health insurance company in its annual report. 

Evaluating the claim settlement ratio before buying a health insurance plan is a good idea as it reflects the efficiency, reliability, and financial health of an insurer.

In this article, we will tell you everything about the claim settlement ratio of Care Health Insurance.

What is Claim Settlement Ratio?

The claim Settlement Ratio of a company refers to the claims settled by a company against the total claims filed during that financial year. For example, if the company settled 90 claims out of 100, the the CSR of the company would be 90%.

The simple formula of calculating the CSR is 

(Total Claims Settled)/(Total Reported Claims + Outstanding Claims at the beginning of Year-Outstanding Claims at the End of Year).

Care Health Insurance Claim Settlement Ratio

As per the IRDAI Annual Report of 2020-21. The Claim Settlement Ratio of Care Health is 100%. The company claims to settle the cashless claims within the time frame of 2 hrs. Until now, the company has settled up to 25 Lakhs+ claims. The figure shocases that the company understands the importance of quick claim settlement and ensures to support you at the time of medical-financial need.

What is the Claim Settlement Process of Care Health Insurance?

Care Health Insurance works in a very transparent and systematic manner to clear claims. Following is the clain settlemet process of Care Health Insurance. 

Case 1:  Cashless Claim Procedure

  • In the case of an emergency or planned hospitalization, intimate the insurer within 24 hours or 48 hours of hospitalization.
  • The nominee of the policy has to fill and submit the pre-authorisation request form to the hospital’s insurance/TPA desk. 
  • The hospital will then send all the documents to the company i.e. Care Heath Insurance for verification.
  • After reviewing all your documents, the claim management team will send an approval letter to the hospital. 
  • The hospital will proceed with the cashless treatment of the insured member.

Note: If the cashless claim is rejected, the insured member can initiate the treatment and file for a reimbursement claim after discharge.

Case 2: Reimbursement Claim Procedure

  • In the case of an emergency or planned hospitalization, intimate the insurer within 24 or 48 hours of the hospitalization.
  • The insured has to submit the duly filled reimbursement claim form to the insurer along with the required supporting documents such as:
    • Original duly completed and signed claim form
    • Valid photo-id proof
    • Medical practitioner's referral letter advising hospitalization
    • Medical practitioner's prescription advising drugs/diagnostic tests/consultation
    • Original bills, receipts, and discharge card from the hospital/medical practitioner
    • Original bills from pharmacy/chemists
    • Original pathological/diagnostic tests reports/radiology reports and payment receipts
    • Indoor case papers
    • First Information Report, final police report, if applicable
    • Post mortem report, if conducted
    • Any other document as required by the company to assess the claim
  • The company will check and review the documents.
  • If the claim is approved, the company will transfer funds to your registered bank account.

Care Health Insurance Plans (Formerly Known As Religare Health Insurance)

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Find Out What Customers Are Saying

(Showing latest 5 reviews only)

- 4/5 (63 Total Rating)

May 25, 2022

Vidyut Sharma


I am in love with the facilities Religare Health Insurance offers. It is one of the best health insurance companies available in the market at the moment. I would definitely recommend this to everyone.

February 17, 2022



I am using their health insurance and used it for COVID19 treatment. I am so happy that covid treatment was handled by them. due to lockdown, i was facing money-related problems but their cashless claim helped me a lot.

August 16, 2021

Ram Dulari


Very nice company. I am very happy and fully satisfied with its services. God bless us all. 5 star to the whole team... WELL-DONE

August 16, 2021



Religare Health Insurance is a nice company. and the way helps its customers in understanding the process is commendable. I am very much impressed.

August 6, 2021

Manish Singhal


PolicyX helps me to find the best suitable plan for me and my family. They have a very professional salesperson and also I am very much happy with the service of Religare Health.

Last updated on April, 2022

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