Which insurance companies reject claims the least? Report reveals the truth.

*Just like in many other countries, the tendency of private insurers to put profit over policy holder interest, plague us also. Reports indicate that in 2022-23, 20 private insurers paid only 80% of the claimed amount under health insurance. The PS Insurers led, with New India & Oriental; paying 98.74% & 97.35%  of claimed amount. The Insurance Brokers Association of India, in a report, said that in 2022-23 repudiation rate of general insurance products including motor, health, fire & marine cargo was 6% but PS New India had the lowest repudiation at 0.2%. Also in Motor Vehicle Own Damage Claims, again New India was way ahead at 92%. These are common examples of PS Insurance companies' exceptional performance in service of society, hand holding trust. The present policies of the Union govt & the IRDAI, must be to strengthen PSUs than red-carpet profit-motivated private insurers. PROTECT & STRENGTHEN LIC & GIC IN PUBLIC SECTOR... FIGHT PRIVATISATION & LABOUR CODES...*  *(LICEU, Kozhikode)*

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