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flag Indian health insurers paid out 71.3% of claimed Rs 1.2 lakh crore, denying claims worth Rs 15,100 crore in 2023-24.

flag In fiscal 2023-24, Indian health insurers paid out only 71.3% of the claimed Rs 1.2 lakh crore, denying claims worth Rs 15,100 crore. flag Public sector insurers had a higher claims payout ratio at 103%, compared to private insurers at 88.7%. flag Insurers received over 3 crore claims, settling 82% by volume and processed premiums of Rs 1.07 lakh crore, marking a 20.32% increase from the previous year. flag Over 34,000 health insurance complaints were lodged with the insurance ombudsman.

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