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Edelweiss Tokio Life Claim Settlement Ratio Trend - Individual Death Claims by Amount of Claims
Edelweiss Tokio Life Claim Settlement Ratio Trend - Individual Death Claims by Amount of Claims
Apr 17, 2019 | 14 VIEWS

Edelweiss Tokio Life Claim Settlement Ratio for Individual Death Claims by Sum Assured


Given below is a table of Edelweiss Tokio 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 Sum Assured of  the claims which have been made and the Sum Assured of claims which have been honoured. You can understand how this has been calculated with this example for the financial year 2017-2018.

Claims by benefit amount made in the year = 11.57 crores (A)
Number of Claims paid in the year = 11.31 crores (B)

So the Individual Death Claim Settlement Ratio for the year 2017-2018 = (B) / (A)
= 11.31 / 11.57 = 97.78%

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 Number of Claims  for each year. You can click on the link below to check those details.
 
Edelweiss Tokio Life Claim Settlement Ratio - Individual Death Claims by Sum Assured
2017-18 97.78%
2016-17 83.63%
2015-16 86.47%
2014-15 53.76%
2013-14 43.69%
2012-13 15.73%
2011-12 100%
2010-11 -
2009-10 -
2008-09 -
2007-08 -
2006-07 -

In case you wish to check the ratio by number of policies - Edelweiss Tokio Life Claim Settlement Ratio by Number of Claims.

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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