Claims Ratio of Life Insurance Companies - By Amount Paid

Claims Ratio of Life Insurance companies calculated by the amount of Claims paid. 

 
Company Total Claims Made (In Crore) Total Claims Paid (In Crore) % of Claims Paid
LIC 11058.60 10585.53 95.72%
Max Life 301.34 283.88 94.20%
Aegon Religare 60.22 56.64 94.06%
Canara HSBC OBC 39.96 37.57 94.02%
Exide Life 65.81 59.99 91.16%
Birla Sunlife 299.54 299.54 90.80%
Tata AIA 84.94 76.54 90.10%
ICICI Prudential 547.11 489.30 89.43%
IDBI Federal 49.44 43.20 87.37%
Sahara 6.31 5.51 87.30%
Bharti Axa 45.34 39.27 86.60%
SBI Life 560.15 480.23 85.73%
Kotak Mahindra Life 112.77 96.60 85.67%
Aviva 104.19 87.88 84.34%
Edelweiss Tokio 15.24 12.75 83.63%
Bajaj Allianz 425.66 354.87 83.37%
Reliance Life 213.31 176.74 82.86%
DHFL Pramerica 17.96 14.67 81.70%
HDFC Standard 443.34 351.35 79.25%
Future General 32.70 25.48 77.91%
Star Union 57.37 44.20 77.04%
India First 51.49 37.94 73.68%
PNB Met Life 233.50 169.00 72.38%
Shriram 97.38 49.52 50.85%


Normally the claims ratio of a life insurance company is calculated by the number of claims registered and the number of claims which were paid out. We observed a lot of our readers wanting to know the claim amounts too. So here is the table which give the claims ratio by amount rather than the number