Claims Ratio of Life Insurance Companies in India for the last 5 years

Last Updated: Feb 12, 2021 | 17,799 Views
Updated for the last 5 years - Financial Year 2011-2012 to 2015-2016

This is based on the individual death claim number published every year by IRDAI in its Annual Report.
 
Company 2019-20 2018-19 2017-18 2016-17 2015-16
LIC 96.69% 97.79% 98.04% 98.31% 98.33%
Max Life 99.22% 98.74% 98.26% 97.81% 96.95%
HDFC Standard 99.07% 97.15% 97.80% 97.62% 95.02%
Aegon Religare 98.01% 96.45% 95.67% 97.11% 95.31%
SBI Life 94.52% 95.03% 96.76% 96.69% 93.39%
ICICI Prudential 97.84% 98.58% 97.88% 96.68% 96.2%
Exide Life 98.15% 97.03% 96.81% 96.4% 89.36%
TATA AIA Life 99.06% 99.07% 98.00% 96.01% 96.8%
Canara HSBC 98.12% 94.04% 95.22% 94.95% 92.99%
Birla Sunlife 97.54% 97.15% 96.38% 94.69% 88.45%
Reliance Life 98.12% 97.71% 95.17% 94.53% 93.82%
Edelweiss Tokio 83.44% 95.82% 95.24% 93.29% 85.11%
Bharti Axa Life 97.35% 97.28% 96.85% 92.37% 80.02%
Bajaj Allianz 98.02% 95.01% 92.04% 91.67% 91.3%
Kotak Mahindra 96.38% 97.40% 93.72% 91.24% 89.09%
DHFL Pramerica 98.42% 96.80% 96.62% 90.87% 83.64%
Aviva Life 97.53% 96.06% 94.45% 90.6% 81.97%
IDBI Federal Life 96.47% 95.79% 91.99% 90.33% 84.79%
Sahara Life 89.45% 90.16% 82.74% 90.21% 90.3%
Future Generali 95.28% 95.16% 93.11% 89.53% 90.26%
PNB Metlife 97.18% 96.21% 91.12% 87.14% 85.36%
Star Union Daichi 96.96% 96.74% 92.26% 84.05% 80.73%
India First Life 96.65% 92.82% 89.83% 82.65% 71.87%
Shriram Life 91.61% 85.30% 80.23% 63.53% 60.24%

Deepak Yohannan
Deepak Yohannan is the CEO of MyInsuranceClub. He enjoys writing on Personal Finance and contributes regularly on sites like Reuters & Moneycontrol. He is a strong proponent of online insurance and is often found pointlessly babbling about it!