Claim Settlement Ratio 2011- 2012:
LIC of India was top where lic settled more approx 98% claims. For people looking to buy a term insurance plan, annual premium charged for the term plan and claim settlement ratio of the life insurance company are two very important considerations apart from other important considerations like their specific need, product features, customer service of the company etc.
LIC of India was top where lic settled more approx 98% claims. For people looking to buy a term insurance plan, annual premium charged for the term plan and claim settlement ratio of the life insurance company are two very important considerations apart from other important considerations like their specific need, product features, customer service of the company etc.
Life insurance companies | Claim settlement ratio (in %) | No of claims settled |
---|---|---|
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 life insurance | 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 AIA | 83.94 | 4287 |
India First | 82.23 | 449 |
PNB Met Life | 81.37 | 1769 |
Canara HSBC | 80.58 | 361 |
Sahar India | 77.97 | 814 |
Future Generali | 68.06 | 1366 |
IDBI Fortis | 67.46 | 423 |
AEGON Religare | 66.06 | 181 |
Shriram | 64.93 | 937 |
DLF Pramerica | 24.46 | 57 |
Edelweiss Tokio | 100 | 1 |