Claim Settlement Ratio of Health Insurance Companies in 2021- Star Health Insurance

Here is the claim settlement ratio for Star health insurance for year 2020-21 and 2021-22( till Q3). This is a period when covid 19 stuck.

For Star Health Insurance 2020-21:

Number of Claims received- 11.1 lakhs

Number of claims settled- 8.48 lakhs

Claims Rejected- 1.53 lakhs

Claims pending- 93000

Claim Amount- 5249 crores

Claim Settlement Ratio- 76.5%

Claims Rejected-14%

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