How good is your health insurer? Latest incurred claim ratio of general, health insurance companies in India
Last Update Date: 06-10-2026
Published by The Economic Times
Abhishek Kumar's role: Quoted
Abhishek Kumar explained that an incurred claim ratio of 50% or below is an extreme case, and that a low ratio can reflect either careful underwriting or a high rate of claim rejections.
More of Abhishek's views on insurance
The article explains the difference between the claim settlement ratio and the incurred claim ratio, and sets out IRDAI figures for general and health insurers for FY 2022-23. It covers overall claims settled, cashless versus reimbursement settlement, and how to read a very high or very low ratio when choosing a health insurer.
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How good is your health insurer? Latest incurred claim ratio of general, health insurance companies in India