Max New York Life Insurance settles 99.84 percent claimsMax New York Life Insurance settles 99.84 percent claims.
Apnainsurance.com Research Bureau
11 Jun 2008
York Life Insurance achieved a claim settlement of 99.84 per cent for the
fiscal year 2007-08.
The average settlement turnaround time for the claim for
the entire period was 4 days. This meant that only 5 outstanding claims were remaining for the
Six Sigma project was also under taken by the company to improve the claim process. Risk mitigation measures, follow up mechanisms and various controls have been put up by the company to improve the efficiency of the claim settlement process.