Care Advantage with Care shield and Room Rent Modification Must-look Features & Claims Settlement Ratio

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Insured Member(s)

You

Age of eldest member

26-30

Your Input Details
Insuring You
Eldest Member Age: 26-30
Sum Insured: ₹ 25L

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Sum Insured

₹ 5L₹ 10L₹ 15L₹ 20L₹ 25L

Priced Low

Care Advantage with Care shield and Room Rent Modification

Product features88/100
Price100/100
Claims experience84/100

1 Finance Score:89/100

1 Finance Rank

Must-Look Features

Room RentAny room category
No Claim Bonus (NCB)Max up to 150% of the base SI over a period of time
Recharge of SI (RSI)Automatic reinstatement up to 100% SI once in a policy year
Pre-Existing Diseases (PED)Covered after 3 years
Co-payment (Co-Pay)No Co-pay until the entry age of 60
Health and WellnessRewards for healthy behaviour

Claims Experience

Claim Settlement Ratio (CSR) - Number92.81%
Claim Settlement Ratio (CSR) -Amount86.95%
Incurred Claim Ratio (ICR)58% signifies fair pricing & claims payments
Ageing of Claim100.00%
Network Hospitals24800

Standard Features

Pre-hospitalisation30 days
Post-hospitalisation60 days
Daycare treatments540 daycare procedures covered
Ambulance coverCovered up to SI
Domiciliary hospitalisationCovered up to 10% of SI
Organ donor coverCovered up to SI
Second opinionAvailable
Daily allowance
-
AYUSH treatmentCovered up to SI
Modern treatment methodsCovers modern treatment methods like robotic surgeries, etc

SI:Sum Insured

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About Care Health

Care Health Insurance, previously Religare Health Insurance Company and a Religare Enterprise subsidiary, got IRDAI registration on April 26, 2012. It's one of five private sector insurers exclusively offering policies for health, personal accident, and travel insurance.

About Care Health

FOUNDED IN2012
CEOAnuj Gulati
HEADQUARTERSGurgaon, India
AUM₹5,081.95 Cr
GROSS WRITTEN PREMIUMS (GWP)₹ 7,021.93 Cr
COMBINED RATIO
Combined ratio assesses an insurance company's financial health by indicating the percentage of earned premiums used for claims and expenses.
A combined ratio below 100% means the company profits from underwriting, while a ratio above 100% implies it pays out more in claims and expenses than it collects in premiums.
94.86%