Life Insurance Claim Settlement Ratio- INDIA (2014-2015)

 

Life Insurers Claim settlement ratios Pending claims Avg. ageing of pending claims Avg. claim settlement time
  % % Days Days
LIC 98% 0.5% 286 26
Max Life 96% 0.1% 60 26
Birla Sunlife 96% 1.7% 180 29
Tata AIA Life 95% 1.0% 259 30
ICICI Prulife 94% 0.8% 80 20
Star union Daichi 94% 0.3% 113 19
PNB Metlife 93% 1.5% 65 15
Bajaj Allianz 92% 3.0% 46 28
HDFC std Life 91% 2.3% 64 25
Kotak Mahindra 91% 3.3% 293 28
 Sahara life  90% 3.6%   77 27
Canara HSBC 90% 3.2% 134 57
Aegon Religare 90% 0.2% 45 38
SBI Life 89% 3.3% 157 22
Excide Life 86% 1.6% 77 33
Reliance Life 84% 5.8% 160 38
Future Generali 84% 1.8% 68 50
Aviva Life 83% 0.5% 45 26
Bharti Axa Life 81% 2.9% 48 33
India First Life 72% 5.0% 58 46
IDBI Federal Life 72% 4.3% 56 33
Shriram Life 67% 11.2% 83 172
DHFL Pramerica 57% 6.5% 154 207
Edelweiss Tokio 57% 5.1% 60 77
Total 97% 0.8% 206 26

 

Source: Mint Money dated 2nd Feb 2016

 

                                                                                                              

Last modified on Wednesday, 10 February 2016 06:03

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Prakash Praharaj

Shri Prakash Praharaj has a passion for excellence. He has been awarded two gold medals for securing top positions both in Graduation and Post Graduation in Commerce. He is an MBA with specialization in Finance and marketing. He has been awarded Diploma in Treasury, Investment and Risk Management besides CAIIB from the Indian Institute of Bankers. He is a Certified Financial Planner from the Financial Planning standards Board, India (FPSB), affiliated to FPSB, Denver, USA and Certified Personal Financial Adviser from NISM. He is also a SEBI registered Investment Adviser vide Reg. no. INA 000000045 dated 2nd August 2013.His book "Your Every day guide to Personal Finance and Insurance" has been published by CNBC TV 18 in August 2015.

6 comments

  • ashwini

    posted by ashwini

    Wednesday, 10 February 2016 10:35

    simply reaching to us..tnx for article..plzz continue

    Report
  • chitra

    posted by chitra

    Wednesday, 10 February 2016 10:16

    tnx to make it simple to understand

    Report
  • aishwarya

    posted by aishwarya

    Wednesday, 10 February 2016 10:15

    tnx to make available this info

    Report
  • aishwarya

    posted by aishwarya

    Wednesday, 03 February 2016 09:10

    Wonderful

    Report
  • sidharth

    posted by sidharth

    Wednesday, 03 February 2016 06:45

    Thanks for the article

    Report
  • pooja

    posted by pooja

    Wednesday, 03 February 2016 06:41

    nice article..very usefull

    Report

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