IRDAI Incurred Claim Ratio 2015-16 - Public Sector Health Insurance Companies..!

IRDAI Incurred Claim Ratio 2015-16- 
Public Sector Health Insurance Companies..!

IRDAI recently published the Annual Report for FY 2015-16.

Let us find out the IRDAI Incurred Claim Ratio 2015-16 and which is Best Health Insurance Company in 2017 in India.

Incurred Claim Ratio ( ICR)  is a ratio of the total value of claims paid or /  settled to the total premium collected in any given year.


ICR= (Total Value of Claims Paid / Total Premiums collected) * 100

Src:IRDAI 
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