Raheja QBE General Insurance Company Limited
Raheja QBE General Insurance Company Limited is a tie-up between Rajan Raheja Group and QBE Insurance, Australia’s 2nd largest global insurer. The company was founded in 2007. Their aim is to develop a favourable environment for both consumers and partners within the insurance industry. Leveraging the extensive knowledge of the Rajan Raheja Group across various business sectors in India, and combining it with QBE Insurance's global expertise, they offer innovative insurance solutions to meet the diverse needs of their customers.
Recognizing that every entity and individual has unique insurance requirements, Raheja QBE General Insurance Company Limited collaborates both internally and externally to ensure the provision of highly flexible insurance solutions that can cater to these varying needs effectively. In the financial year 2022-23, Raheja QBE General Insurance Company Limited issued 1,49,783 policies and received 62,911 claims.
Awards & Recognitions
Raheja QBE General Insurance Company Limited has received various awards and accolades for its exceptional performance in the insurance industry.
Robotics Process Automation (RPA), their highly anticipated innovation, received the ‘Best New Product or Service Award’ at the National Awards for Marketing Excellence 2020, organised by CMO Asia.
They were honoured with the esteemed "Emerging Brand of the Year Award" at the National Awards for Marketing Excellence 2020, organised by CMO Asia. This prestigious award underscores their commitment to delivering exceptional products and services to their customers.
Claim Settlement Ratio
The Claim Settlement Ratio is an important measure that reflects an insurance company's credibility in handling claims. It is the ratio of the total number of claims settled to the total number of claims received by the insurance company in a specific financial year. Raheja QBE General Insurance Company Limited achieved a commendable claim settlement ratio of 90.0% in the financial year 2021-22.
Assessing the claim settlement ratio helps you check whether an insurance company is reliable and can be trusted to provide financial assistance whenever needed. It helps you determine its ability to handle claims effectively. You need to review the insurer's claim settlement ratio over the past few years to ensure that they have a consistent track record in settling the claims.
The solvency ratio is an essential metric used to assess the financial strength and stability of an insurance company. It reflects the ability of the insurer to fulfil their financial obligations.
In accordance with the regulations set by the Insurance Regulatory and Development Authority of India (IRDAI), insurance companies are required to maintain a minimum solvency ratio of 150%. This ensures that insurers have sufficient financial resources to meet their commitments.
As of March 31, 2023, Raheja QBE General Insurance Company Limited maintains a robust solvency ratio of 203%. This demonstrates that they are well-equipped to fulfil claim payments and meet other financial responsibilities smoothly and efficiently.
A network hospital is a hospital that has an agreement with your insurance company to offer cashless treatments. So, if you choose a network hospital for your medical treatment, you won’t have to bear the expenses and the insurer or the third-party administrator (TPA) will settle the bills directly. You are responsible only for paying those expenses that are not covered by your policy including consumables, administrative fees, registration fees, and other similar costs.
Raheja QBE General Insurance Company Limited has over 5,000+ network hospitals to provide cashless treatments. To check the hospitals listed with the insurer based on your location, you can visit https://www.rahejaqbe.com/hospital-locator. Using this link, you can also determine the number of hospitals in your area listed with your insurer as well as whether your preferred hospital is part of their network.
Network garages are authorised by your insurance company to offer cashless repairs in case of an accident or damage. So, under this arrangement, you can get your vehicle repaired without having to bear the expenses and the insurance company will settle the bill directly. You are only responsible for paying the deductible and any consumable charges that may apply.
Raheja QBE General Insurance Company has over 1,300+ network garages that facilitate cashless repair services. To find the number of garages listed with the insurer based on your location, you can visit https://www.rahejaqbe.com/garage-locator. This link can also help you check the number of network garages available in your neighbourhood.
To connect with Raheja QBE General Insurance Company Limited’s customer support team, you can dial their toll-free number 1800-102-(RQBE)7723. They can assist you with your insurance policies, address your queries, and provide comprehensive information about their services.
You can also reach out to Raheja QBE General Insurance Company Limited by sending an email to firstname.lastname@example.org for any queries, support, or information about their services.
Raheja QBE General Insurance Company Limited offers alternative contact options to connect with them for any doubts, queries, or issues -