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I'm not familiar with the term "term claim ratio." Did you mean "claim loss ratio?" If so, a claim loss ratio is the ratio between the amount of claims paid to the amount of policy premium. This can be done on either an individual insured basis, or on an entire "book" of business. Hope this helps.
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∙ 16y ago
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What is Claim Settlement Ratio and why is it important?
What is Claim Settlement Ratio?Claim Settlement Ratio refers to the % of claims settled by an Insurance Company against the number of claims submitted.For Ex: If 100 people submit claims and the company pays 80 of them, the Claim Settlement Ratio is 80%Why is Claim Settlement Ratio Important?It is important because, the higher the claim settlement ratio of the insurance company from which you take the policy, the better are the chances of your family getting paid in case of any mishap
What is the meaning of the idiom 'jump a claim'?
This is a prospecting term. It means to illegally gain possession of someone else's mining claim, usually by force or simple occupation.
What is the first term in a ratio?
Antecedent is the first term in a ratio .
How do you spell staking-out?
The literal term "staking out" an animal or "staking out" (marking) a claim are just separate words. The police term meaning surveillance is a "stakeout."
What does the term Hawaii mean?
The name meaning has been lost to history but some still claim that it meant Homeland.
Meaning of the ratio of the case?
The ratio of a case means the ratio decidendi of a case, ratio decidendi meaning in latin 'reason for deciding'
What is a plaint?
Plaint is an archaic term in law meaning a statement of claim made to a court seeking a remedy under the law. The more modern term is complaint.
What is the meaning of the term injuries claim?
An injury claim is when someone receives an injury and the claim is sent to an insurance company for compensation. If you are hurt at work, the claim would be submitted to worker's compensation. An automobile accident injury would be submitted to the auto insurance company.
Why LIC term insurance policy is costlier than other insurance companies?
Probably because, they are the best insurance company in India and have the highest claim settlement ratio
What health insurance company has highest claim settlement ratio in India?
National Insurance Co.Limited under the GIC umbrella has the highest claim settlement ratio in India.
Does the math term ratio mean multiply?
No, the math term ratio doesn't mean multiply.
What does the term 'proportional' refer to?
The term "proportional" is used to denote a relationship between two things with respect to their size. In mathematics the meaning is that two quantities have the same or a constant ratio or relation.
