Mint Beshak Insurance Ratings
visit the link here. Here’s a detailed note on the methodology followed for rating insurance plans. Mint Beshak Insurance Rating - Health Insurance is a blended measure of product and claims experience track record of insurance companies.
In the health insurance rating, we basically measure the product promises (in the form of product benefits) and the delivery track record (in the form of claims track record) of each health insurance plan offe.red online by insurance companies. The final Mint Beshak Health Insurance rating of a plan is done after applying the following weights: Under Product Rating, the following core cover and condition parameters under health insurance are scored (out of five) by a relative scoring method, post which the following weights are applied to factor the importance of each of these sub-parameters. Parameters are selected based on the core impact they are likely to make on actual hospitalization claims in the long run for individuals and families.
Under Claims Track Record Rating, insurers are rated on the relative scoring and weights of the following important parameters captured under various public disclosures of the last quarter and across the last 5 financial years. These parameters measure the experience insurers have provided in the past to their customers. Premium affordability is an important independent measure for customers to do an objective cost-benefit analysis before customers make a final choice on the product.
An independent affordability rating helps compare the value offered by a product (through product and experience) against the pricing. Based on our research, the median age of customers buying health insurance is 30 years. We measure the relative affordability of the
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