Claim(Nos) Settlement and Pending ratio

Insurance planning is must for every individual. Before purchasing any insurance product, check claim settlement ratio first. A risk profiling done by fee only certified financial planner will help you in choosing the suitable insurance products.

 

LIFE INSURANCE:

Claim(Nos) Settlement and Pending ratio

(2010-11)

(% in Number of Policies)

Sl no

Insurance company

Settlement ratio

Pending ratio

1

Aegon Religare

52.31

3.08

2

Aviva

84.15

3.62

3

Bajaj Allianz

88.69

4.23

4

Bharti AXA

87.17

0.25

5

Birla Sunlife

94.66

0.35

6

Canara HSBC

71.02

12.37

7

DLF Pramerica

51.22

29.27

8

Future Generali

50.52

27.95

9

HDFC Standard

95.41

0.61

10

ICICI Prudential

94.61

2.25

11

IDBI Federal

64.92

14.08

12

India First

82.01

0

13

ING Vysya

90.49

5.19

14

Kotak Mahindra

89.3

6.81

15

Max New York

77.96

7.14

16

Met Life

85.43

8.3

17

Reliance Life

81.36

9.85

18

Sahara

53.23

31.64

19

SBI Life

82.24

1.03

20

Shriram

55.69

18.44

21

Star Union

80.69

17.93

22

TATA AIG

81.93

1.00

23

LIC

97.03

1.46

Source: IRDA annual report 2010-11

 

Last modified on Friday, 16 August 2013 04:15

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.

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