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Indian health insurers paid out 71.3% of claimed Rs 1.2 lakh crore, denying claims worth Rs 15,100 crore in 2023-24.
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.
Public sector insurers had a higher claims payout ratio at 103%, compared to private insurers at 88.7%.
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.
Over 34,000 health insurance complaints were lodged with the insurance ombudsman.
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Las aseguradoras de salud indias pagaron el 71,3% de los Rs 1,2 lakh crore reclamados, negando reclamaciones por valor de Rs 15.100 crore en 2023-24.