Claim Settlement Ratio of Life Insurance companies in India
CLIAM SETTLEMENT RATION OF LIFE INSURANCE COMPANIES:
LIC is the best among all the life insurance companies in India in terms of Claim settled. LIC Settled approx 98% of claims in 2013 and approx same in 2012, Other private insurers average is about 80%. Here is the list of claim settlement of all the life insurance companies.
LIC is the best among all the life insurance companies in India in terms of Claim settled. LIC Settled approx 98% of claims in 2013 and approx same in 2012, Other private insurers average is about 80%. Here is the list of claim settlement of all the life insurance companies.
Claim Settlement Ratio (CSR):
In very simple terms CSR refers to the number of claims that were settled by the insurance company out of every 100 claim requests it received in that particular year.
In very simple terms CSR refers to the number of claims that were settled by the insurance company out of every 100 claim requests it received in that particular year.
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