Important points to consider while buying an Insurance
If you are considering buying an insurance, one of the most important factors to keep in mind is the Claim settlement ratio of the Insurance Company. Some schemes may look very lucrative or attractive, but ultimately it’s the settlement ratio that matters as we all buy insurance mainly as a backup for our loved ones in case of any mishap. For your reference, we are giving below IRDA Claim Settlement Ratio of various Indian Insurance Companies during 2015-16. If you find this useful, do share with others.