Not exact matches
Anyway, let's
see the top 10 insurance companies in India who are having good
Claim Settlement Ratio.
Anyway, I will talk about more on insurance in my upcoming posts, let's
see the current
claim settlement ratio data.
The
claim settlement ratio is calculated for every financial year for all the life insurance companies and is published in the IRDAI's Annual Report which can be
seen on the regulator's website.
As we can
see from the first table above, LIC has consistently maintained the best
claim settlement ratio among all insurance companies in the last 4 years.
: If you
see top 5
claim settlement ratio companies, these are consistently have high
claim settlement ratio.
As we have
seen above, these companies offer a good combination of higher
claim settlement ratio with lower premiums.
As can be
seen from the above table the
claim settlement ratio of most life insurance companies has improved in 2010 - 11 as compared to 2009 - 10.
For the simplicity of understanding we group insurance companies offering term into the following categories: a) High
Claim Settlement Ratio (CSR) with High Premium: From the above premium table we can
see that LIC and ICICI Prudential fall in this category.
Have you ever observed that when you plan to buy online term insurance, the first page what you
see is
claim settlement ratio.