The Hidden Costs Of ‘Cheap’ Health Insurance Plans: A Claim Settlement Ratio Analysis

Mumbai (Maharashtra) [India], November 5: Low premiums look pleasing when comparing health insurance plans, yet the price on the screen can hide expenses that appear only when a claim is made. The real cost often sits in the policy wording and in how efficiently claims are paid. This blog will cover an easy way to read the claim settlement ratio, how “cheap” options can cost more at claim time, and a checklist for sensible comparison.

What Claim Settlement Ratio Really Tells You

The claim settlement ratio shows the share of claims an…