Mint SecureNow Mediclaim Ratings 2018
Identify the best-rated health insurance:
- All health insurance products rated
- Price, product features and claims scored
- Based on public information
- Sixth year of consistent ratings
View and download policies, proposal forms, detailed wordings and network hospital list etc.
See escalation matrix, send service requests, track progress, get acknowledgements etc.
Intimate claim, fill claim form, share documents, track status, get reminders etc.
|Product||Premium(G.S.T. @ 18%)||Quote ID||Date||Proceed to pay|
Premium is an important but not the only criterion considered. It has an overall weight of 30% for age groups 60 and below. For higher ages we have reduced the weightage of premium to 25% because certain product features become relatively more important for seniors. The scoring for premium uses the quartile approach, with the highest marks to products in the top quartile.
The overall score for product features is the sum of scores for individual features. The maximum weight is given to pre-existing disease exclusions and limits on room rent. Other features that have been scored are the maximum no-claim bonus, wellness cover and restore benefits. For each feature the minimum standards have been clearly specified. The total score is 40% for ages 60 and below. For seniors we have introduced co-pay into the rated features and increased the overall score to 42%.
Claims information is available in the public disclosures and we have given this a high 30% weight. Most of this, 25%, is to claim settlement ratio and the remaining 5% to claims grievances. The settlement ratio is positive claims decisions taken over the total decisions taken. Grievances are expressed as claim complaints per 10,000 registered claims. A slightly higher weightage of 33% has been given to claims for senior citizens.