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Claims Ratio of Life Insurance Companies in India for the last 5 years
Claims Ratio of Life Insurance Companies in India for the last 5 years
May 25, 2016 | 14286 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 2017-18 2016-17 2015-16 2014-15 2013-14 2012-13
LIC 98.04% 98.31% 98.33% 98% 98.14% 97.73%
Max Life 98.26% 97.81% 96.95% 96.03% 93.86% 94.25%
HDFC Standard 97.80% 97.62% 95.02% 91% 94.01% 95.76%
Aegon Religare 95.67% 97.11% 95.31% 90% 81% 66.82%
SBI Life 96.76% 96.69% 93.39% 89% 91.06% 94.41%
ICICI Prudential 97.88% 96.68% 96.2% 94% 94.01% 96.29%
Exide Life 96.81% 96.4% 89.36% 86% 83.16%  
TATA AIA Life 98.00% 96.01% 96.8% 95% 89.68% 84.46%
Canara HSBC 95.22% 94.95% 92.99% 90% 86.76% 88.44%
Birla Sunlife 96.38% 94.69% 88.45% 96% 87.76% 82.55%
Reliance Life 95.17% 94.53% 93.82% 84% 81.97% 86.45%
Edelweiss Tokio 95.24% 93.29% 85.11% 57% 60% 45.45%
Bharti Axa Life 96.85% 92.37% 80.02% 81% 88.13% 89.48%
Bajaj Allianz 92.04% 91.67% 91.3% 92% 91.29% 88.67%
Kotak Mahindra 93.72% 91.24% 89.09% 91% 90.69% 92.04%
DHFL Pramerica 96.62% 90.87% 83.64% 57% 22.14% 27.04%
Aviva Life 94.45% 90.6% 81.97% 83% 84% 67.35%
IDBI Federal Life 91.99% 90.33% 84.79% 72% 90.34% 80.06%
Sahara Life 82.74% 90.21% 90.3% 90% 90.19% 84.71%
Future Genrali 93.11% 89.53% 90.26% 84% 74.88% 70.53%
PNB Metlife 91.12% 87.14% 85.36% 93% 90.24% 83.87%
Star Union Daichi 92.26% 84.05% 80.73% 94% 92.86% 89.7%
India First Life 89.83% 82.65% 71.87% 72% 73.13% 71.4%
Shriram Life 80.23% 63.53% 60.24% 67% 67.69% 67.35%

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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