Created on 28th May 2023
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Claims experience: patient has to visit multiple centres, collect physical documents, and file for claim manually
Settlement cost: with fraud rates >30%, cost of claims settlement can be higher than claim amount. Example: impersonation, duplicate claims, procedure inflation.
OPD coverage and out-of-pocket expense: most insurers do not cover OPD (doctor visit, tests, medicines) but this is the biggest economic cost centre for patients