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Claims Ratio of Life Insurance Companies - By Amount Paid

Claims ratio of all life insurance companies by the amount of claims paid out in the year 2016-2017.

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1 min 39 secs
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Last Updated - May 15, 2023
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Claims Ratio of Life Insurance companies calculated by the amount of Claims paid. 

CompanyTotal Claims Made (In Crore)Total Claims Paid (In Crore)% of Claims Paid
LIC11058.6010585.5395.72%
Max Life301.34283.8894.20%
Aegon Religare60.2256.6494.06%
Canara HSBC OBC39.9637.5794.02%
Exide Life65.8159.9991.16%
Birla Sunlife299.54299.5490.80%
Tata AIA84.9476.5490.10%
ICICI Prudential547.11489.3089.43%
IDBI Federal49.4443.2087.37%
Sahara6.315.5187.30%
Bharti Axa45.3439.2786.60%
SBI Life560.15480.2385.73%
Kotak Mahindra Life112.7796.6085.67%
Aviva104.1987.8884.34%
Edelweiss Tokio15.2412.7583.63%
Bajaj Allianz425.66354.8783.37%
Reliance Life213.31176.7482.86%
DHFL Pramerica17.9614.6781.70%
HDFC Standard443.34351.3579.25%
Future General32.7025.4877.91%
Star Union57.3744.2077.04%
India First51.4937.9473.68%
PNB Met Life233.50169.0072.38%
Shriram97.3849.5250.85%

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

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Deepak Yohannan is the Founder & CEO of MyInsuranceClub. He enjoys writing on Personal Finance and focusses on explaining the basic concepts of insurance in simple language.