Claim Settlement Ratio (CSR) is the percentage of the number of claims paid to the customer by an insurance company to the number of claims received by the company.
Claim Settlement Ratio (CSR) is the percentage of the number of claims paid to the customer by an insurance company to the number of claims received by the company. It is believed that the higher the claim settlement ratio of the insurance company, the better that company is. CSR is an essential factor a person must keep in mind before buying term insurance.
Link: https://blog.smcinsurance.com/term-insurance/term-insurance-claim-settlement-ratio/
