ING Life Life Insurance

How much Time for Life Insurance Companies to Settle Death Claims?

Time to Settle Life Insurance Death Claims for FY 2012-13

In the last post we had written about the Death Settlement Ratios of Life Insurance companies for FY 2012-13. In this post we check how much time it takes for different life insurance companies to settle a death claim after submission of all documents. The time to settlement too becomes an important factor as it’s […]

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Death Claim Settlement Ratio for Life Insurance for FY 2012-13

Insurance, Life Insurance

Life Insurance Claim Settlement Ratio for FY 2012-13

The IRDA annual report for FY 2012-13 is out and the death claim settlement ratio has improved slightly for LIC (Life Insurance Corporation) at 97.7% while it has deteriorated slightly for all Private Insurers combined at 88.6%. Overall it’s at the same level at 96.4%. The table below compares the death claim settlement ratio: Few

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