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Claim Settlement Ratio of Life Insurance Companies
July 23 , 2013
Claim settlement ratio expressed as percentage of claims settled in 2011-12 by life insurance companies
Life insurance companies Claim settlement ratio (in %) No of claims settled
Edelweiss Tokio 100 1
Life Insurance Corporation (LIC) 97.42 712501
ICICI Prudential 96.53 14314
HDFC Standard 96.17 4952
SBI Life 95.48 11328
Kotak Mahindra 92.1 2716
Birla Sun Life 90.94 9925
Bajaj Allianz 90.61 24658
Max New York 89.84 8113
Aviva 89.55 2006
ING Vyasa 88.82 2510
Bharti AXA 87.7 820
Star Union Dai-Chi 86.16 411
Reliance Life 84.58 17367
Tata AIG 83.94 4287
IndiaFirst 82.23 449
Met Life 81.37 1769
Canara HSBC 80.58 361
Sahara India 77.97 814
Future General 68.06 1366
IDBI Fortis 67.46 423
AEGON Religare 66.06 181
Shriram 64.93 937
DLF Pramerica 24.46 57

Source: IRDA Annual Report 2011-12

Read article to Know Why Claim Settlement Matters- http://www.knowledge.fintotal.com/insurance/How-Claim-Settlement-Ratio-Matters/6494

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