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
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