Clear distinction of claim settlement ratio of each type of insurance policy.

Clear distinction of claim settlement ratio of each type of insurance policy.

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Devarshi Singh started this petition to Insurance Regulatory and Development Authority of India (IRDAI) and

The insurance company display Claim Settlement Ratio as a cosolidated insurance CSR. This doesn't give complete information on what percentage of those settlement was term life insurance or other insurance policies.

I want IRDAI and PMO and other big companies to report in depth data,  to people of India by basing CSR on following criteria:

1) Type of insurance and CSR associated with it.

2) Claim amount bracket

<1 Cr, 1-2 Cr, 2cr-3cr, 3-5 cr, 5-10cr, and so on and so forth and CSR associated woth it.

3) GOI then need not do a external survey and can make these report as basis to check mortality rate and causes for it!

In further efforts GOI can plan health steps regarding these data and plan there health budget accordingly!

If GOI will base there health budget on IRDAI data, more and more people will get to know about importance of insurance policies henceforth increasing mob's savings and that will take out the fear from people of spending to much, which in return will increase the spending power of people in longer run! This seems farfetched but:

Think about this.

Jai hind!

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