Hi, Really good information, I am also working for health insurance companies since last 8years, finally your calculation is perfect to get purchase a best health insurance policy☺👍🙏💐
@@vishalsharma-ib4de bro message is crystal clear in conclusion part of video. Claim serving is main part of health insurance. The companies which are having less repudiation are best.
Thanks for consolidating the data and making this video. The report is no longer available at the link. Inspite of this video, maximum policies that you have reviewed are from Star Health. Why so?
I am trying to review all the policies of all insurance companies. It’s just a matter of time. Report available here www.salasarservices.com/wp-content/uploads/2020/01/Claim-Insight-Handbook_FY19.pdf
@@gameofinsurance, thanks for the link. Has this report been updated? Is there any point considering 2019 data in 2022 when the dynamics of the health insurance industry have changed post-Covid? Also, are these parameters indicative of the service the companies offer?
@@GaneshNarayanan14 no report has not been updated. Report is very much relevant in today’s scenario too. It was covid period which has disrupted the industry. Pre covid and post covid era is no much different. It is only the premium which has been raised for health products by factoring post covid complications. Servicing part is same. The only factor which I forgot to consider in this video is share of group and retail business in govt insurance companies. Govt insurance companies are having higher share of Group policies which are being serviced on priority over retail customers. Therefore the actual claim settlement and claim rejection ratio may vary for these insurance companies. I want to know your views on changing dynamics or any other issue where you think I have not been fair while making this video. Counter views are most welcome.
@@gameofinsurance Some companies like cigna, apollo, etc have given up their stake, there have been some mergers. Im not well informed on the company strategies in terms of their investments, so cant comment on that. Underwriting rules have changed or become diluted to sell more policies and generate revenue. Now even Sr Citizen policies are available without health checkups and are aggressively sold. Only a few of them mention that there might be a pre-meds based on tele verification of the insurer. Choosing the right policy for sr citizen has become difficult. Problem being, in spite of paying high premiums, we don't know if we would be reimbursed. So no medical checkup might look enticing, but could bite us later in the event of a claim Room Rent Limit has become a critical factor which wasn't that much of a concern before covid (not saying that it wasn't an important factor before covid). Premiums have increased. Buyers have become more aware as they have faced claim rejections. They're are putting efforts to understand the policy, try to read the policy wordings document. Prior to covid, most of us would buy from an agent, we weren't aware of the consequences of hiding any PED's (minor or major), we would rarely fill up the proposal form ourselves. One thing which hasn't changed at all is most on the ground agents still sell only Star Policies to you. Even banks have started selling Star Policies. They're still not able to suggest a policy based on needs based analysis. Even certified financial planners suggest only policies with companies they have tied up or are comfortable working with. Very few give unbiased advise based on a persons need.
Total number of claims of HDFC ERGO 167673 while Bajaj 1305417 is highly questionable. buddy please check IRDAI data Hdfc, it's much higher than that you have shown here.
Bro this is not my data. This is IBAI Data which they have fetched form annual reports of these companies. Ibai is Indian broker association of India. Pls check their website
I'm not agree , claim settlement ratio calculation is wrong Example, 90 claims aye 100,000rs. ke jo approved ho gye, lakin jo claim 10,00,000rs. ke 10 claims reject kar diye , es case mein calims ratio ton 90% batega par in reality mein company ne kam amount bale claim hi approved kiye haa
@YourMoney Insurance - i am policy holder of Max Bupa since 3years but even they don't have toll free number. in emergency they should reachable and should take the responsibility they have reassure 2.0 polity in which they say unlimited restoration.they are giving tons of facility.thats what i am getting confused to port my polities to different one.and as you showed compiled data but gov. Companies are having lots of caping and so paymant.which we don't want. Could you please suggest me.or help me to make my decision
Much needed video man.. Great👍👏😊 work. Continue your good work
Hi, thanks you can follow me on Twitter and ask any question related to health insurance.
My Twitter handle is @gameofinsurance
@@gameofinsurancefollowed you on Twitter
Great Work man! Exactly the information which I was looking for.
Hi, thanks you can follow me on Twitter and ask any question related to health insurance.
My Twitter handle is @gameofinsurance
@@gameofinsurance Current year
One of the objective data driven video that can help people make a informed unbiased decision..Great work keep on doing
Hi,
Really good information, I am also working for health insurance companies since last 8years, finally your calculation is perfect to get purchase a best health insurance policy☺👍🙏💐
Thanks buddy
❤Reliance co. ka sahi rahege?
Great information .thank you
Very nice .... The information that is really needed to me. Great !
make video on 5y back data of health insurance companys total claim n settalment ratio
should we consider CLAIM INCURRED RATIO
Not useful for you.
Sir niva bhupa or hdfc ergo?
Hdfc
Thanx for video...bahut mehnat ki apne..
.. Max Bupa , star health aur hdfc ergo me best ko suggest kij
Thanks you for your time 🙏🏼
@@gameofinsurance ans me which is best .. max bupa ka negative review bahut h UA-cam pe
@@vishalsharma-ib4de bro message is crystal clear in conclusion part of video. Claim serving is main part of health insurance. The companies which are having less repudiation are best.
Star health insurance company ki bare me details kuch videos banayiye
Good work love you
Hats off to you, for this amazing information
Thank you for your time 🙏🏼
Thanks for showing truth 👍
Please make this type of more videos for health insurance and life insurance
Sure. As and when I find some report I try to make video. Not enough data available on claims. Will update for the next video soon.
Pls share same video of life insurance. It will be help lots of people
Sir, Star health or HDFC urgo ??
Hdfc
Sir HDFC ergo lesakte hai kiya
Yes
Thanks for consolidating the data and making this video. The report is no longer available at the link. Inspite of this video, maximum policies that you have reviewed are from Star Health. Why so?
I am trying to review all the policies of all insurance companies. It’s just a matter of time.
Report available here
www.salasarservices.com/wp-content/uploads/2020/01/Claim-Insight-Handbook_FY19.pdf
Trying to be objective as far as possible. However avoiding backlash at the same time.
@@gameofinsurance, thanks for the link. Has this report been updated? Is there any point considering 2019 data in 2022 when the dynamics of the health insurance industry have changed post-Covid? Also, are these parameters indicative of the service the companies offer?
@@GaneshNarayanan14 no report has not been updated.
Report is very much relevant in today’s scenario too. It was covid period which has disrupted the industry. Pre covid and post covid era is no much different. It is only the premium which has been raised for health products by factoring post covid complications.
Servicing part is same. The only factor which I forgot to consider in this video is share of group and retail business in govt insurance companies. Govt insurance companies are having higher share of Group policies which are being serviced on priority over retail customers. Therefore the actual claim settlement and claim rejection ratio may vary for these insurance companies.
I want to know your views on changing dynamics or any other issue where you think I have not been fair while making this video. Counter views are most welcome.
@@gameofinsurance Some companies like cigna, apollo, etc have given up their stake, there have been some mergers. Im not well informed on the company strategies in terms of their investments, so cant comment on that.
Underwriting rules have changed or become diluted to sell more policies and generate revenue. Now even Sr Citizen policies are available without health checkups and are aggressively sold. Only a few of them mention that there might be a pre-meds based on tele verification of the insurer. Choosing the right policy for sr citizen has become difficult. Problem being, in spite of paying high premiums, we don't know if we would be reimbursed. So no medical checkup might look enticing, but could bite us later in the event of a claim
Room Rent Limit has become a critical factor which wasn't that much of a concern before covid (not saying that it wasn't an important factor before covid).
Premiums have increased.
Buyers have become more aware as they have faced claim rejections. They're are putting efforts to understand the policy, try to read the policy wordings document. Prior to covid, most of us would buy from an agent, we weren't aware of the consequences of hiding any PED's (minor or major), we would rarely fill up the proposal form ourselves.
One thing which hasn't changed at all is most on the ground agents still sell only Star Policies to you. Even banks have started selling Star Policies. They're still not able to suggest a policy based on needs based analysis. Even certified financial planners suggest only policies with companies they have tied up or are comfortable working with. Very few give unbiased advise based on a persons need.
Great work sir 😊
Thanks bro
Very Informative Video 👍🏻
Hi, thanks you can follow me on Twitter and ask any question related to health insurance.
My Twitter handle is @gameofinsurance
Total number of claims of HDFC ERGO 167673 while Bajaj 1305417 is highly questionable. buddy please check IRDAI data Hdfc, it's much higher than that you have shown here.
Thanks brother
I am socked to see this video .
If u do a video on star health therefore I am obelised
And another point is United India insurance has much more number of claims than it's peer government companies.
Bro this is not my data. This is IBAI Data which they have fetched form annual reports of these companies. Ibai is Indian broker association of India. Pls check their website
@@gameofinsurance in that case IRDAI is getting wrong information from these companies. I am saying this on behalf of IRDAI's annual reports.
No objection on your efforts.
Thank you for this wonderful video. Best wishes.
Care Advantage?
Should we go for?
DM me on Twitter
My Twitter handle
twitter.com/gameofinsurance
NEVER.
Sir new india acha he
Good
I'm not agree , claim settlement ratio calculation is wrong
Example, 90 claims aye 100,000rs. ke jo approved ho gye,
lakin jo claim 10,00,000rs. ke 10 claims reject kar diye , es case mein calims ratio ton 90% batega par in reality mein company ne kam amount bale claim hi approved kiye haa
Hi, thanks you can follow me on Twitter and ask any question related to health insurance.
My Twitter handle is @gameofinsurance
so what do you suggest ?
Icici Lombard?
Hi, thanks you can follow me on Twitter and ask any question related to health insurance.
My Twitter handle is @gameofinsurance
DM me on Twitter for the answer
twitter.com/gameofinsurance
So sorry... I don't use Twitter
@YourMoney Insurance - i am policy holder of Max Bupa since 3years but even they don't have toll free number. in emergency they should reachable and should take the responsibility they have reassure 2.0 polity in which they say unlimited restoration.they are giving tons of facility.thats what i am getting confused to port my polities to different one.and as you showed compiled data but gov. Companies are having lots of caping and so paymant.which we don't want. Could you please suggest me.or help me to make my decision
Or accha hota agar 1 saal ka data na lekar... Last 5 years ka data liya jata
Data 1 hi year ka available tha. Will try. Thanks 🙏🏼
New updates 2023
According to latest data, max bupa is best
Share the data. Share link. Won’t believe in statements
@@gameofinsurance go to irda who regulate all insurance companies
@@NavjotSingh-wd6eu share link. There is no such consolidated data on IRDA.
@@gameofinsurance sir which insurance I should choose for long time.go am 36 years old