{"id":1173,"date":"2022-09-11T20:04:49","date_gmt":"2022-09-11T20:04:49","guid":{"rendered":"https:\/\/electronicwordsmith.com\/life-insurance-steps-to-ensure-your-claim-is-not-rejected\/"},"modified":"2022-09-11T20:04:49","modified_gmt":"2022-09-11T20:04:49","slug":"life-insurance-steps-to-ensure-your-claim-is-not-rejected","status":"publish","type":"post","link":"https:\/\/electronicwordsmith.com\/life-insurance-steps-to-ensure-your-claim-is-not-rejected\/","title":{"rendered":"Life insurance coverage: Steps to make sure your declare will not be rejected"},"content":{"rendered":"
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Knowledge from Insurance coverage Regulatory and Improvement Authority of India annual report for the yr 2020-21 present that for particular person life insurance coverage, insurers paid dying claims to 10.84 lakh insurance policies as towards 11.01 lakh claims. The variety of claims repudiated \u2014 a declare that has been processed and is discovered unpayable \u2014 was 9,527 for an quantity of Rs 865 crore and the variety of dying claims rejected was 3032 for an quantity of Rs 60 crore. The variety of claims pending on the finish of 2020-21) was 3055 for Rs 623 crore.<\/p>\n
The declare settlement ratio of LIC was 98.62% in2020-21 as in contrast with 96.69% in 2019-20 and the proportion of claims repudiated\/rejected fell 1% in 2020-21 from 1.09% within the earlier yr. The declare settlement ratio of personal insurers was 97.02% in 2020-21 as in contrast with 97.18% in 2019-20.<\/p>\n