MyInsuranceClub
menu

Bharti Axa Life Claim Settlement Ratio Trend - Individual Death Claims by Number of Claims

Check how Bharti Axa Life has performed on death claims settlement ratio of Individuals over the last few years.

eye icon
150 views/
clock icon
2 mins 6 secs
calendar icon
Last Updated - May 15, 2023
article image
Listen to this article
audio icon

Bharti Axa Life Claim Settlement Ratio for Individual Death by Count of Claims

Given below is a table of Bharti Axa Life’s Death Claim Settlement Ratio for Individual Policies – it does not include group policies. This is as per the Annual Report published by IRDAI every year.

The claims ratio is calculated basis the number of claims which have been made and the number of claims which have been honoured. You can understand how this has been calculated with this example for the financial year 2017-2018.

Number of Claims made in the year = 888 (A)
Number of Claims paid in the year = 860 (B)

So the Individual Death Claim Settlement Ratio for the year 2017-2018 = (B) / (A)
= 860 / 888 = 96.85%

This measure is one of the indicators one should use while selecting the life insurance company for buying a policy.

You can also check the Death Claim Settlement Ratio by Amount of Sum Assured for each year. You can click on the link below to check those details.

Bharti Axa Life Claim Settlement Ratio – Individual Death Claims by Count

2017-18
96.85%

2016-17
92.37%

2015-16
80.02%

2014-15
81.00%

2013-14
88.13%

2012-13
89.48%

2011-12
87.70%

2010-11
87.17%

2009-10
77.80%

2008-09
53.02%

2007-08
34.62%

2006-07

In case you wish to check the ratio by sum assured – Bharti Axa Life Claim Settlement Ratio by Claim Amount.

author image
Author

MIC Newsdesk is a dedicated department of MyInsuranceClub that specializes in producing insurance-related content. The team comprise of expert writers is well-versed in the insurance industry and creates high-quality, informative, and engaging content.