Life Insurers:Claims paid,Rejection and Pending Ratio(Nos of claims)Year 2011-12

Life Insurers:Claims paid,Rejection and Pending Ratio(Nos of claims)

Year 2011-12

 

 

Claims settlement Life Insurers: Nos of claims (In %)

Insurer

Claims Paid

Claims Repudiated

Claims Pending

Edelweiss Tokio

100.00

0.00

0.00

LIC

97.42

1.36

1.21

ICICI Prudential

96.53

3.16

0.32

HDFC Standard

96.17

3.63

0.19

SBI Life

95.48

3.19

1.33

Kotak Mahindra

92.10

4.17

3.73

Birla Sunlife

90.94

8.78

0.28

Bajaj Allianz

90.61

6.28

3.11

Max Life

89.84

8.58

1.58

Aviva

89.55

9.55

0.89

ING Vysya

88.82

5.77

5.41

Bharti AXA

87.70

10.80

1.50

Star Union Daichi

86.16

2.31

11.53

Reliance

84.58

11.02

4.40

TATA AIA

83.94

15.49

0.57

India first

82.23

17.77

0.00

MET Life

81.37

10.02

8.60

Canara HSBC

80.58

14.96

4.46

Sahara

77.97

5.74

16.28

Future generali

68.06

27.15

4.78

IDBI Federal

67.46

27.59

4.94

Aegon Religare

66.06

32.48

1.46

Shriram Life

64.93

14.48

20.58

DLF Pramerica

24.46

16.74

58.80

Source :IRDA Annual Report 2011-12

 

Note: -  A risk profiling done by SEBI registered investment adviser or  fee-only certified financial planner will give you more clarity on insurance.

Select fee-only professionals as they provide unbiased recommendations by keeping the clients interest uppermost in mind.

Last modified on Friday, 16 August 2013 13:40

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 PlannerCM 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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