News From Press Health insurance: Claim rejections by insurance companies went up by 19.10% in FY24

Health insurance: Claim rejections by insurance companies went up by 19.10% in FY24

Source: Business Today Dec 27, 2024

Insurance claims: Insurance companies in India denied 11% of health insurance claims and had 6% of claims pending as of March 2024, a report by the Insurance Regulatory Authority of India (IRDAI) stated. The report highlighted that health policy claims amounting to Rs 26,000 crore were disallowed and repudiated by insurance companies during the year ended March 2024, indicating a significant increase from the previous year.

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