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Life Insurance Death Claim Settlement Report 2014-15
Life Insurance Death Claim Settlement Report 2014-15
Feb 23, 2016 | 1673 VIEWS
Claim settlement ratio of life insurance companies in India for the year 2014-15
 
Life Insurer Total Claims (Units) Claims Paid (Units) Claims Paid (%)
AEGON RELIGARE 460 413 89.78%
AVIVA 1683 1398 83.07%
BAJAJ ALLIANZ 20661 18978
91.85%
BHARTI AXA 1110 898 80.90%
BIRLA SUNLIFE 8453 8056 95.30%
CANARA HSBC 576 516 89.58%
DLF PRAMERICA 953 545 57.19% **
EDELWEISS TOKIO 119 68 57.14%
FUTURE GENERALI 2160 1808 83.70%
HDFC STANDARD 12189 11031 90.50%
ICICI PRUDENTIAL 12309 11546 93.80%
IDBI FEDERAL 971 736
75.80%
INDIAFIRST 1655 1195 72.21%
EXIDE LIFE 3432 2955 86.10%
KOTAK MAHINDRA 2866 2437 90.73%
MAX LIFE 9149 8786 96.03%
 PNB METLIFE 2466 2290 92.86%
RELIANCE LIFE 18142 15211 83.84%
SAHARA 778 700 89.97%
SBI LIFE 14876 13303 89.43%
SHRIRAM LIFE 1960 1287 65.66%
STAR UNION DAI-ICHI 1266 1191 94.08%
TATA AIA 3873 3659 94.47%
PRIVATE TOTAL 121927 109007 89.40%
LIC 755901 742243 98.19% **
INDUSTRY TOTAL 877828 851250 96.97%

**HIGHER CLAIM SETTLEMENT RATIO REPRESENT HIGHER NUMBER OF CLAIMS HONOURED

**LOWER CLAIM SETTLEMENT % SIGNIFIES HIGHER PROBABILTY OF DEATH CLAIM GETTING REJECTED

Manoj Aswani
Manoj is the co-founder and COO of MyInsuranceClub. He has experience in Financial Services, Internet, Insurance and Outsourcing business. He has done his Post Graduation from XLRI, Jamshedpur.

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