Posts Tagged ‘Claim Settlement Ratio’

IRDA Claim Settlement Ratio – Best Insurance Companies

In Stock Market | Last Updated October 16, 2017|3 Comments
IRDA Claim Settlement Ratio – Best Insurance Companies

One should check the Claim Settlement Ratio before buying any life insurance policy. A Claim Settlement Ratio of life insurance company can be found in IRDA (Insurance Regulatory Development Authority) annual report. The annual report of IRDA for the year 2016-17 is released recently. LIC is once again topping the chart in terms of claim settlement ratio for the year 2016-17. Let’s try to look at claim settlement ratio and other important data given in the Annual report of IRDA. […]


IRDA claim settlement ratio 2015 – LIC is best in terms of Claim Settlement

In Stock Market | Last Updated October 16, 2017|3 Comments
IRDA claim settlement ratio 2015 – LIC is best in terms of Claim Settlement

Claim Settlement ratio is one of the important factor while purchasing any insurance policy. One can find claim settlement ratio information in IRDA (Insurance Regulatory Development Authority) annual report. This year annual report is recently released by IRDA and LIC is declared as Best in terms of claim settlement ratio for 2015. Let’s try to demystify claim settlement ratio and its importance. What is Claim Settlement Ratio? Claim settlement ratio means a number of claims that insurance company has settled […]


LIC is Best in Claim Settlement IRDA Report

In Stock Market | Last Updated October 16, 2017|3 Comments
LIC is Best in Claim Settlement IRDA Report

LIC – Life Insurance Corporation of India stands first in claim settlement ratio compare to private life insurance companies in 2013-14. As per IRDA report in 2013-14 life insurance companies had settled total 856622 individual insurance policy claims. Total payout of these claims was Rs 10,860 Cr. LIC settled claim of Rs 8475 Cr in 2013-14 for individual life insurance policies. Total policy count was 746212. Claim settlement ratio of LIC under this category was 98.14%, which is higher compare […]


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