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Life Insurance Death Claim Settlement Report 2014-15

Claim settlement ratio of life insurance companies in India for individual death claims for the year 2014-15

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Last Updated - May 12, 2023
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Claim settlement ratio of life insurance companies in India for the year 2014-15

Life InsurerTotal Claims (Units)Claims Paid (Units)Claims Paid (%)
AEGON RELIGARE46041389.78%
AVIVA1683139883.07%
BAJAJ ALLIANZ206611897891.85%
BHARTI AXA111089880.90%
BIRLA SUNLIFE8453805695.30%
CANARA HSBC57651689.58%
DLF PRAMERICA95354557.19% **
EDELWEISS TOKIO1196857.14%
FUTURE GENERALI2160180883.70%
HDFC STANDARD121891103190.50%
ICICI PRUDENTIAL123091154693.80%
IDBI FEDERAL97173675.80%
INDIAFIRST1655119572.21%
EXIDE LIFE3432295586.10%
KOTAK MAHINDRA2866243790.73%
MAX LIFE9149878696.03%
PNB METLIFE2466229092.86%
RELIANCE LIFE181421521183.84%
SAHARA77870089.97%
SBI LIFE148761330389.43%
SHRIRAM LIFE1960128765.66%
STAR UNION DAI-ICHI1266119194.08%
TATA AIA3873365994.47%
PRIVATE TOTAL12192710900789.40%
LIC75590174224398.19% **
INDUSTRY TOTAL87782885125096.97%

**HIGHER CLAIM SETTLEMENT RATIO REPRESENTS A HIGHER NUMBER OF CLAIMS HONOURED

**LOWER CLAIM SETTLEMENT % SIGNIFIES A HIGHER PROBABILITY OF THE DEATH CLAIM GETTING REJECTED

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Jay Vasa is a content writer, who has got his core emphasis on insurance related information. The sole motive of writing articles is to spread appropriate information to the people regarding one of the important and discussed topic in today's time.