Claims paid and repudiation of Life Insurance Companies(Nos in %) in 2012-13

Life Insurers claims paid, repudiated and pending(Nos)

In %  for Year the 2012-13

Sr #

Insurer

Claims Paid (%)

Claims Repudiated (%)

Claims Pending (%)

1

Aegon Religare

66.82%

33.18%

Nil

2

Aviva

87.71%

11.96%

0.33%

3

Bajaj Allianz

88.67%

7.25%

4.07%

4

Bharati Axa

89.48%

9.66%

0.86%

5

Birla Sun Life

82.55%

12.95%

4.50%

6

Canara HSBC

88.44%

9.72%

1.84%

7

DLF Pramerica

27.04%

19.71%

52.93%

8

Edelweiss Tokio

45.45%

40.91%

13.64%

9

Future Generali

70.53%

25.86%

3.61%

10

HDFC Standard

95.76%

2.62%

1.62%

11

ICICI Prudential

96.29%

3.63%

0.08%

12

IDBI Federal

80.06%

16.16%

3.78%

13

India First

71.40%

26.31%

2.29%

14

ING Life

83.94%

10.05%

5.40%

15

Kotak Mahindra

92.04%

6.02%

1.94%

16

Max Life

94.25%

5.66%

0.09%

17

PNB Metlife

83.87%

13.18%

2.79%

18

Reliance

86.45%

7.22%

6.33%

19

Sahara

84.71%

6.70%

7.23%

20

SBI Life

94.41%

3.69%

1.89%

21

Shriram Life

67.35%

27.59%

5.06%

22

Star Union Daiichi

89.70%

2.71%

7.59%

23

Tata AIA

84.46%

12.12%

3.42%

24

LIC

97.73%

1.12%

1.04%

     

Source - IRDA Annual Report  2012-13

 

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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