Increase in deposit insurance under consideration: FinMin
Considering its financial position and the interest of the country’s banking system as a whole, the Deposit Insurance and Credit Guarantee Corporation (DICGC) may raise the insurance limit from existing Rs 5 lakh, the finance minister Nirmala Sitharaman informed Parliament on Monday.

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Unions repeat demand to merge four PSU general insurance companies
 

Insurance firm penalised for denying full medical claim
Chandigarh: The State Consumer Disputes Redressal Commission, Chandigarh, has directed an insurance company to pay compensation of Rs 20,000 to a city resident for denying full claim for medical treatment.

Latest claim settlement ratio of health and general insurance companies released by IRDA in 2025, Navi, Acko, Reliance General top the charts
Source Credit: Ira Alok Puranik, The Economic Times

In today’s day and age, it is very challenging to bear the medical expenses without having a solid health insurance policy in place if the bill is on the higher side. You get health insurance and pay regular premiums so that whenever such a medical emergency or need arises in your family, your health insurer steps in and provides the much-needed financial assistance. General insurance companies also offer health insurance coverage, while they also offer coverage for your vehicles, home, travel, etc.

But how can you determine the effectiveness of your health or general insurer when it comes to settling your claims on time? How can you find out if your health or general insurer is fair when it comes to claim payouts or has a track record of delaying or denying claim payments? After all, having a health insurance policy would not be of much help if your insurer does not honor your claims adequately, preferably in the shortest possible time, i.e., in less than 3 months.

Hence, checking the claim settlement ratio, particularly within 3 months of your claim intimation, of your general or health insurer is a good way to track this. Insurance regulator IRDAI (Insurance Regulatory and Development Authority of India) releases a list of claim settlements done by all health and general insurers every year, and it has released the latest data in 2025.

Check the latest health and general insurance claims settlement ratio of health and general insurers in 2025
Claim settlement ratio refers to the proportion or percentage of the number of claims that an insurer pays, out of the total number of claims that it receives during a certain period. So, say a health insurer has a claim settlement ratio of 93%; it implies that it typically pays only around 93 of every 100 claims it receives.

However, note that while checking the claim settlement ratio is necessary, this should not form the sole basis of finalising your health or general insurance company. Take into account the sum insured, the waiting period for various illnesses, and the network of hospitals offered while taking a health insurance policy.

Status of claims of general and health insurers 2023-2024
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