We all know that insurance companies are regulated by IRDA and the final word in insurance sector comes from IRDA which has been set up as per the govt orders to control the mutual fund industry and be answerable to the users for any gross wrongs.
While referring see the incurred claim ratio to find the best insurance companies who settle the claims quickly. A quick glance shows that group claims are settled quickly by private companies. Check the
procedure to choose an insurance plan here.