TATA AIG Claim Settlement Ratio
- Importance of CSR
- 95.46% claims settled by TATA AIG
- Explore the cashless claim process
Checking the claim settlement ratio before buying health insurance is an important factor that cannot be neglected. Just like when you buy a house, you verify each and every detail like checking the history of the builder, the projects they had delivered, and much more. Likewise, when buying Health Insurance it is imperative for you to check all the details including the claim settlement ratio.
Buying Health insurance from a company that is not able to settle your claims on time is not good for anything. You and your loved ones might face the financial burden, along with the medical strain if your insurance company is unable to settle the claims on time. Thus, before buying health insurance, ensure to check the company thoroughly, evaluate its past performance, and then make your final decision.
In the article below, we will be elaborately discussing the TATA AIG Health Insurance claim settlement ratio and its benefits.
Claim Settlement Ratio determines the claim-settling ability of an insurance company and is used to rate the company based on its claim settlement. The higher the percentage, the better the company’s ability to settle claims. As per the IRDAI, the claim settlement ratio of TATA AIG Health Insurance is 96.70%
Take a look at the below table that will give you a better idea of the TATA AIG Health Insurance claim settlement ratio from the financial year 2022-23
| Financial Year 2022-23 | ||||||
| Age Analysis of Number of Claims Paid (%) | FY 2022-23 | |||||
| Claims Settled | 96.70% | |||||
Now, that you have understood what is CSR and what is the TATA AIG claim settlement ratio 2021, you also need to understand the claim settling process. There are two types of claim processes: Cashless and Reimbursement.
Read below to understand them better.
Cashless Claims:
The cashless claim process is as follows:
Note- In case of emergency hospitalization, you need to inform the insurer within 24 hours. In case of planned hospitalization, you need to inform the insurer at least 5 days in advance.
Reimbursement Claim
In the reimbursement claim process, you need to pay all the treatment bills to the hospital and then get the amount reimbursed from your insurance provider.
TATA AIG Health Insurance Company Network Hospitals are present in 31 states nationwide. With a wide network of hospitals, TATA AIG Health Insurance Company ensures that you are medically secured, irrespective of the city you reside in.
To cater to the different medical needs of an individual & their family, TATA AIG Health Insurance Company offers several Health Plans ranging from senior citizen plans to specialized plans for autistic children, to health insurance for cardiac patients, and many more.Take a look below to TATA AIG Health Insurance Company plans explore more:
Accident Health Insurance
Life is very uncertain, you never know what will happen to you in the next second. Are you prepared for that? Nonetheless, to make you ready for life&...
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Individual and Family Health Insurance
TATA AIG medicare premier is an all-around health insurance plan offering you the latest and best health care features. Available on an individual and...
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Critical Illness Health Insurance
Be ready for future health complications that may chew down all your wealth and health! Or choose Tata AIG Criti MediCare which has your back. Tata AI...
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Senior Citizen Health Insurance
Trusted Naam, Fantastic Kaam! Choose all-around care for your health with the Tata AIG Elder Care plan. Tata AIG Elder Care is tailored to offer high-...
Unique Features
Top Up and Super Top Up
TATA AIG Medicare Policy offered by Tata AIG is an affordable top-up policy that is designed to look after your and your family's healthcare needs. Me...
Unique Features
Individual and Family Health Insurance
TATA AIG Medicare is a comprehensive health insurance plan that is specifically designed by keeping in mind the increasing cost of medical expenses. T...
Unique Features
Individual
To ensure total health coverage for women, Tata AIG Health Insurance has introduced the Wellsurance Women Policy. This plan is specially designed to p...
Unique Features
Family
TATA AIG's Health Supercharge plan offers a fivefold enhancement in your health insurance coverage. This new plan opens the availability to different...
Unique Features
Know More About Health Insurance Companies
The CSR for Tata AIG health insurance is 95.46% for FY 2022-23.
Yes, a high CSR is an indicator for reliability for health insurance policy holders.
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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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