Claim Settlement Ratio is a ratio of the number of claims paid to customers by the insurance company to the total claims received by the company. It is calculated as: Claim Settlement Ratio = (Total no. of claims approved/Total no. of...
ACCIDENT INSURANCE Insurance policies available today cover approximately 50 types of perils and 25 types of risks. Accidents can never be predicted by knowing for whom, when, or how they will occur. These accidents include road accidents, natural disasters, falls,...
HOME INSURANCE India is known for its spending on household appliances and homes. A small amount of money is all that is needed to protect them. Insurance is often neglected because we are unaware of the risks or fear the...