Claims paid and repudiated of Life Insurance Companies (Amounts in %) for 2012-13

Life Insurers claims paid, repudiated and pending(Amounts)

In % for the year 2012-13

Sr #

Insurer

Claims Paid (%)

Claims Repudiated (%)

Claims Pending (%)

1

Aegon Religare

57.60%

42.40%

Nil

2

Aviva

68.73%

30.23%

1.04%

3

Bajaj Allianz

78.74%

14.14%

7.11%

4

Bharati Axa

71.61%

23.20%

5.19%

5

Birla Sun Life

69.67%

20.11%

10.22%

6

Canara HSBC

87.23%

8.75%

4.01%

7

DLF Pramerica

22.91%

18.48%

58.52%

8

Edelweiss Tokio

15.73%

77.13%

7.14%

9

Future Generali

58.98%

31.08%

9.95%

10

HDFC Standard

87.80%

6.22%

5.98%

11

ICICI Prudential

90.71%

8.57%

0.73%

12

IDBI Federal

72.13%

21.82%

6.05%

13

India First

62.09%

30.79%

7.12%

14

ING Life

69.27%

19.05%

10.90%

15

Kotak Mahindra

79.28%

15.84%

4.88%

16

Max Life

88.43%

11.23%

0.33%

17

PNB Metlife

73.50%

18.85%

7.57%

18

Reliance

74.94%

15.74%

9.32%

19

Sahara

83.20%

8.57%

7.18%

20

SBI Life

92.30%

2.68%

5.02%

21

Shriram Life

50.87%

39.31%

9.82%

22

Star Union Daiichi

80.06%

2.15%

17.80%

23

Tata AIA

74.98%

18.24%

6.78%

24

LIC

95.66%

2.14%

1.96%

     

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 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.

4 comments

  • Sujata Aniruddha Sapkal

    posted by Sujata Aniruddha Sapkal

    Wednesday, 26 August 2015 11:23

    Relevant & eye opening statistics about claim settlement..... must read

    Report
  • this link

    posted by this link

    Saturday, 08 February 2014 00:37

    I really like your writing style, good information, thankyou for putting up : D.

    Report
  • Sibaprasad

    posted by Sibaprasad

    Friday, 17 January 2014 07:23

    Useful information

    Report
  • Ajay

    posted by Ajay

    Thursday, 09 January 2014 11:52

    Everyone should read this before purchasing insurance!

    Report

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