How good is your health insurer in paying against claims? Latest incurred claim ratio of general and health insurance companies in India in 2025
Published on: Dec. 31, 2025, 1:20 p.m. | Source: The Economic Times
Health insurance customers often overlook the Incurred Claim Ratio (ICR), a crucial indicator of an insurer's reliability. IRDAI's latest report reveals the 2024-25 ICR for general and health insurers. Experts suggest an ideal ICR between 70% and 90%. The non-life insurance industry's overall ICR stood at 82.88% for the period.
