All insurance companies must comply with the orders of Consumer Forums, Motor Accidents Claims Tribunal, and Awards of Insurance Ombudsman.
For companies,life insurance is the most profitable, as they are collecting about 4lac crores as annual premium but settled one crore claims for just Rs. 15000crores.
The profit is mind boggling.
But general and health insurance segment,where they collect about 30000 crores as annual premium but they have paid almost 23000 crores towards claims.
Thats why, the insurance companies are averse with health insurance policies.
A.P. state is the first state in our country, that is going to implement universal health coverage irrespective of income.
For companies,life insurance is the most profitable, as they are collecting about 4lac crores as annual premium but settled one crore claims for just Rs. 15000crores.
The profit is mind boggling.
But general and health insurance segment,where they collect about 30000 crores as annual premium but they have paid almost 23000 crores towards claims.
Thats why, the insurance companies are averse with health insurance policies.
A.P. state is the first state in our country, that is going to implement universal health coverage irrespective of income.
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