HealthMonday, October 26, 20262 min read

Health insurance: Which insurers pay claims fastest?

By Economic Times · Published by Everything Blog

In short

The study shows that 15 out of 31 non-life insurers paid over 95% of their approved health claims within a month, indicating their efficiency in releasing payouts. This is an advantage for insured parties, while the remaining insurers were slower.

Key points

Insured parties benefit from the efficiency of the 15 insurers.: Insured parties benefit from the efficiency of the 15 insurers.
The remaining insurers were slower, with a lower percentage of claims settled.: The remaining insurers were slower, with a lower percentage of claims settled.
The three-year average for Galaxy Health Insurance and Narayana Health Insurance is not a…: The three-year average for Galaxy Health Insurance and Narayana Health Insurance is not available due to data unavailability.

Sources checked by our analysis pipeline: 1

The higher the proportion of claims paid within a month, the faster the insurer has been in releasing claim payouts, an advantage for the insured. According to data from ILM Research (previously known as Beshak Research), 15 of 31 non-life insurers paid out over 95% of their approved health claims (including cashless hospitalisation claims, where the insured does not have to pay out of pocket) within a month in financial year 2025-26, while the rest were slower.

Proportion of health claims paid (%) in...

Source: ILM Research

The data is taken from NL-39, insurer public disclosures (2025-26). Note: Claims ageing is calculated as the number of health insurance claims paid within the specified time frame divided by the total health insurance claims paid during the financial year. The parameter measures the time taken to settle approved claims; it does not indicate the proportion of claims settled out of the total claims received during the year. The three-year average is calculated using data from 2023–24, 2024–25 and 2025–26. The three-year average is not available for Galaxy Health Insurance and Narayana Health Insurance as their data for 2023–24 is unavailable.

Proportion of health claims paid (%) in...

Source: ILM Research

The data is taken from NL-39, insurer public disclosures (2025-26). Note: Claims ageing is calculated as the number of health insurance claims paid within the specified time frame divided by the total health insurance claims paid during the financial year. The parameter measures the time taken to settle approved claims; it does not indicate the proportion of claims settled out of the total claims received during the year. The three-year average is calculated using data from 2023–24, 2024–25 and 2025–26. The three-year average is not available for Galaxy Health Insurance and Narayana Health Insurance as their data for 2023–24 is unavailable.

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Original source: economictimes.indiatimes.com

AI Analysis

Tone

Positive

In short

The study shows that 15 out of 31 non-life insurers paid over 95% of their approved health claims within a month, indicating their efficiency in releasing payouts. This is an advantage for insured parties, while the remaining insurers were slower.

Key Points

Insured parties benefit from the efficiency of the 15 insurers.: Insured parties benefit from the efficiency of the 15 insurers.
The remaining insurers were slower, with a lower percentage of claims settled.: The remaining insurers were slower, with a lower percentage of claims settled.
The three-year average for Galaxy Health Insurance and Narayana Health Insurance is not a…: The three-year average for Galaxy Health Insurance and Narayana Health Insurance is not available due to data unavailability.

Topics

Health

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AI Analysis

Tone

Positive

In short

The study shows that 15 out of 31 non-life insurers paid over 95% of their approved health claims within a month, indicating their efficiency in releasing payouts. This is an advantage for insured parties, while the remaining insurers were slower.

Key Points

Insured parties benefit from the efficiency of the 15 insurers.: Insured parties benefit from the efficiency of the 15 insurers.
The remaining insurers were slower, with a lower percentage of claims settled.: The remaining insurers were slower, with a lower percentage of claims settled.
The three-year average for Galaxy Health Insurance and Narayana Health Insurance is not a…: The three-year average for Galaxy Health Insurance and Narayana Health Insurance is not available due to data unavailability.

Topics

Health

Was this summary useful?

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