health insurance claim settlement ratio
The health insurance claim settlement ratio is a vital metric that reflects an insurer's efficiency in processing and settling claims. It represents the percentage of claims settled against the total number of claims received by the insurance company. A higher claim settlement ratio indicates a higher likelihood of claims being settled promptly and satisfactorily. This ratio is crucial for policyholders as it provides insight into an insurer's reliability and commitment to fulfilling its obligations. Choosing an insurer with a high claim settlement ratio can provide assurance and peace of mind during times of medical emergencies.
