Public, private or standalone - who provides better health insurance coverage?

Hello,

I was just checking out IRDAI annual report and found out some intriguing figures.

DATA

Incurred Claim Ratio - public > private > standalone

Solvency Ratio - standalone >= private >>> public

Interestingly, could not find Claim Settlement Ratio data.

What do you think is a better sector to take health insurance from?

Public sector has very very good ICR, but not sure how easy is the claim process through online portals.

Standalone providers (like Niva Bupa, Care, Star, etc) have very low ICR, but access to them seems easy.

I'm relatively new to this, and I'm currently holding Niva Bupa Reassure 2.0 Titanium+ variant for past 2 years. Should I port to a new policy, or continue with Niva Bupa?

Any suggestions are appreciated.

Thank you.