Health insurers disallowed claims worth Rs 15,100 cr during FY24: Irdai

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Health insurers disallowed claims worth Rs 15,100 crore or 12.9 per cent of the total claims filed during fiscal 2023-24, according to data released by regulator Irdai.Of the total Rs 1.17 lakh crore claims under health insurance of general as well as standalone health insurers, only Rs 83,493.17 crore or 71.29 per cent were paid during the year ending March 2024.

Further, insurers repudiated claims amounting to Rs 10,937.18 crore (9.34 per cent) while outstanding claims totalled Rs 7,584.57 crore (6.48 per cent), said the annual report 2023-24 of Insurance Regulatory and Development Authority of India (Irdai).There were about 3.26 crore health insurance claims during 2023-24 with insurers, of which 2.69 crore (82.46 per cent) claims were settled.

Irdai said the average amount paid per claim was Rs 31,086.

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Category: BusinessFinance

Markets: India

Topics: E-ticket Personal accident insurance Pradhan Mantri Suraksha Bima Yojana Insurance premium Crore health insurance policies Insurance industry Crore health insurance claims Insurance Regulatory and Development Authority of India Health insurance Irdai Travel insurance Insurance

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Published On: 2024-12-30 @ 16:15:45 (5 days ago)

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