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What is a claim? IRDAI seeks industry's standard definition

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What is a claim? IRDAI seeks industry's standard definition

MUMBAI: IRDAI has asked the non-life industry to come up with a standard definition of claim and a uniform definition of claim settlement ratio for various lines of business. This followed different companies using different definitions for determining claim settlement ratio, a key metric that is an indicator of companies' financial health and customer satisfaction.

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Times of India — Top publishes from India and files mainly under world. We currently carry 1,726 of its stories.

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