Decoding Motor Insurance Data: Don't Just Compare Premiums, Understand Claim Ratios!

New Delhi [India], September 3: Choosing motor insurance isn't just about finding the cheapest premium; it's about ensuring peace of mind knowing your insurer will be there when you need them most. Two key metrics, the Claims Settlement Ratio and the Claims Disposal Ratio, provide valuable insights into how effectively insurance companies handle claims, derived from publicly available data published by the Insurance Regulatory and Development Authority of India (IRDAI).