Kotak Car Insurance Claim Settlement Ratio

One of the parameters to assess the performance of insurers is the claim settlement ratio which is the ratio of the number of claims the insurance company receives to the number of claims it successfully pays out. This is based solely on the information published by the insurance regulatory development authority of india irdai and is measured on consistently used bases. According to the irdai annual report 2016 17 the claim settlement ratio for kotak life insurance company is 91 24.

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Rs 137 crores has been paid as the claim amount against 2959 claims reported in the fy 2018 19 by kotak life insurance company.

Kotak car insurance claim settlement ratio - Kotak car insurance claim. Kotak general insurance has digitalised the procedures involved in the purchase claim and renewal of the policy to reach out to a larger number of people. It has been settling claims of its policyholders seamlessly.

Kotak life insurance claim settlement ratio for the financial year 2018 19. Claim is the right of a policyholder in the insurance policy. Kotak general insurance has made its mark in the financial year 2017 2018 through its impressive claim settlement ratio of 80 82.

Kotak general car insurance offers you reimbursement as well as the cashless claim settlement process. The claim settlement ratio of 97 40 is the indicator of the number of death claims settled by kotak life against the total claims 3038 reported for the fy 2018 19. The policyholder can file a claim to get compensation for the damages incurred in an accident.

The latest irdai annual report indicates that the claim settlement ratio for the financial year 2018 19 is a whopping 97 40 with over rs. 137 crores paid as the claim amount against over 2959 claims out of 3038 received in total. The information below shows the trend in kotak life insurance claims settlement ratio for the last 6 years.