6 replies on this article “Pure Term Plan”

1. DP says:

   November 1, 2011 at 6:48 pm

   Claim settlement ratio example- An insurer has 60% claim settlement ratio which means that insurer settles 60 out of 100 claims. It is most of the time different in terms of number of claims and amount of claim. For example-An insurer received claim of Rs. 50 Crore and paid 40 Crore. It means claim settlement ratio in terms of amount is 80%.

   Repudiation Ratio is opposite to settlement i.e. rejection ratio.

   I really hope i was make things a little clear…

   Regards,

   DP

   Reply
   1. Avanti says:

      November 2, 2011 at 11:36 am

      Thanks Again,
      Now we clearly understand Claim settlement and repudiation ratio. It will helpful for us.

      Reply
2. Avanti says:

   November 1, 2011 at 10:39 am

   Thanks DP,

   for information.
   Plz can u tell me what is Claim settlement and repudiation ratio?

   Regards,
   Avanti

   Reply
3. DP says:

   November 1, 2011 at 12:51 am

   Hi Avanti, as per me, kindly look into two aspects while taking a term plan:

   1. Base Coverage versus cost.
   2. Claim settlement and repudiation ratio.

   I would suggest you can go ahead with Kotak/Aviva.

   They provide lower costs especially for non-tobacco users.

   Regards,

   DP

   Reply
4. kalyan says:

   October 31, 2011 at 10:54 pm

   Hi Avanti,

   Hope this will give you some information

   https://www.jagoinvestor.com/2010/12/term-insurance-plans-comparisions-india.html

   https://www.jagoinvestor.com/2011/10/icici-care-review-online-term-plan.html

   this is an old one:-

   https://www.jagoinvestor.com/2009/11/iterm-cheapest-term-insurance-from-aegon-religare.html

   Reply
   1. Avanti says:

      November 2, 2011 at 11:38 am

      Thanks kalyan,

      All links are useful for study.

      Reply

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