IRDAI Report On Insurance Companies Claim Settlement Ratio 2013-14

*Please note that the quotes shown will be from our partners

Claim settlement is an important service that an insurance company provides to its customers. In life insurance, claim refers to the payment made by the insurer to the family of the deceased policyholder. The below IRDAI report will help you understand claim settlement ratio of life insurance companies for the year 2013-14.

S. No.

Life Insurer

Total Claims

Claims Paid

Claims Repudiated

Claims Pending

No. of Policies

Benefit Amount

No. of Policies

Benefit Amount

No. of Policies

Benefit Amount

No. of Policies

Benefit Amount

1

Aegon Religare

400

32.27

324

26.34

76

5.94

 

 

2

Aviva

2033

119.83

1708

85.84

322

33.19

3

0.80

3

Bajaj Allianz

23724

440.98

21658

360.20

1494

57.45

572

23.33

4

Bharti AXA

1078

33.79

950

26.14

105

5.66

23

1.99

5

Birla Sunlife

9197

344.82

8071

268.14

880

56.64

246

20.04

6

Canara HSBC

627

31.17

544

23.77

67

3.67

16

3.73

7

DLF Pramerica

858

27.85

190

6.30

204

6.45

463

15.05

8

Edelweiss Tokio

80

10.30

48

4.50

18

4.48

14

1.32

9

Future Generali

2229

43.09

1669

25.93

329

8.57

231

8.59

10

HDFC Std

7259

254.32

6824

216.94

341

22.90

94

14.48

11

ICICI Prudential

13398

353.47

12608

278.60

667

45.00

123

29.87

12

IDBI Federal

932

39.56

842

32.70

51

4.38

39

2.48

13

India First

1258

37.73

920

20.90

289

14.20

49

2.63

14

Exide Life

3741

64.04

3111

41.37

379

11.39

207

9.65

15

Kotak Mahindra

2963

88.81

2687

71.09

227

13.51

49

4.21

16

Max Life

9478

250.01

8896

214.60

578

35.07

4

0.34

17

MetLife

2510

108.17

2265

82.40

236

15.30

8

10.44

18

Reliance Life

21033

298.44

17241

202.96

2287

62.13

1505

33.35

19

Sahara

836

7.79

754

6.75

66

0.82

16

0.21

20

SBI Life

14233

288.54

12960

255.28

745

7.57

528

25.69

21

Shriram

1427

38.77

966

20.30

271

10.78

190

7.69

22

Star Union

1022

25.01

949

19.48

64

5.25

9

0.27

23

Tata AIA

4711

114.12

4225

94.80

340

12.76

146

6.55

24

LIC

760334

8905.04

746212

8475.26

8387

181.30

3962

227.69


Source:-
irda.gov.in

 

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