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Claims Ratio of Life Insurance Companies - By Amount Paid
Claims Ratio of Life Insurance Companies - By Amount Paid
Jul 18, 2018 | 615 VIEWS

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

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!

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