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Tag: How to control the Claims in Group Health Insurance?

Group Health Insurance Premiums in the Indian market are very competitive compared to the world market and have been driven more by prior year premiums rather than claims experience. As a result, organizations/employers have had a good ride, as they were able to pass the risk to insurance companies and enjoyed a great range of benefits without getting impacted by the high claim ratio. (The ratio between the total claims made by the group at the end of the policy vs the premium paid by the corporate without tax.). Insurance companies have been facing claim ratios of more than 120.

HOW TO CONTROL THE CLAIMS IN GROUP HEALTH INSURANCE

How to control the Claims in Group Health Insurance?

How to exercise claim control measures in Group Health Insurance Group Health Insurance Premiums in the Indian market are very competitive compared to the world market and have been driven more by prior year premiums rather than claims experience. As a result, organizations/employers have had a good ride, as they were able to pass the […]

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