claim settlement ratio of life insurance company in India

claim settlement ratio of life insurance company in India

Claim Settlement

Claim settlement ratio in the case of life insurance refers to the number of claims that the insurer has paid following the death of policyholders. Thus, if a life insurer has a claims settlement ratio of 60 percent, it means that the insurer pays 60 out of every 100 claims filed when the policyholder dies.

company name	claim settlement ratio
lic	99.52
kotak	98.29
max	97.23
bsli	95.5
reliance	95
tata	94.5
star	94.1
icici	93.8
pnb met	92.9
bajaj	91.9
hdfc	90.5
sahara	90
aegon	89.8
canara hsbc	89.6
sbi	89.4
exide	86.1
future generali	83.7
aviva	82.6
india first	77.2
idbi federal	72.4
shriram	66.7
shriram	66.7
dhfl premia	57.2
edelwise tokio	57.1