Top 10 companies having the highest claim settlement ratio in India-
Top 10 companies having the highest claim settlement ratio in India-
|
Insurance Company |
Claim Settlement Ratio
|
|
Life Insurance Corporation |
98.31% |
|
Max Life |
97.81% |
|
HDFC Life |
97.6% |
|
Aegon Religare |
97.11% |
|
ICICI Life |
96.68% |
|
SBI Life |
96.6% |
|
Exide Life |
96.4% |
|
Tata AIA |
96% |
|
Canara HSBC OBC |
94.95% |
|
Birla Sunlife |
94.69% |
When it comes to claiming settlement, the entire life insurance sector has seen a growth of 7.8% in the last 3 years. In 2016, 8.5 lacs life insurance claims were settled with a settlement amount of ₹12,600 crores. The business, in general, has grown by 8% and the operational ratio of LI business is considered stable now.
