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Motor policy claims take maximum time to get settled

Motor policy claims take maximum time to get settled

Friday, March 10, 2017, 5:26 PM

Motor insurance policies take the longest time to be settled, while health claims have among the shortest time for passage. According to data on general insurance claims by the Insurance Brokers Association of India (IBAI), only around 3% health claims have been pending for more than one year. Lower the claims pendency ratio, better is the insurance company in terms of the measured ratio.
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