Insurance is one of the most effective ways to manage risks and secure assets; however, the insurance industry has been mainly susceptible to trust issues. Many people believe that insurers do not pay claims, but the data says otherwise; the industry has been paying claims and is bleeding. In India, for every Rs 100 collected as a premium by the general insurers, the outgo is Rs 118, demonstrating the substantial impact of insurance in benefiting millions of people.
Why are hospitals and nursing homes in Ahmedabad suspending cashless insurance from three private insurers?
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