{"id":1773,"date":"2012-03-23T19:36:31","date_gmt":"2012-03-23T19:36:31","guid":{"rendered":"http:\/\/www.apnaplan.com\/?p=1773"},"modified":"2014-06-18T00:00:54","modified_gmt":"2014-06-17T18:30:54","slug":"life-insurance-claim-settlement-ratio-2010-11","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/life-insurance-claim-settlement-ratio-2010-11\/","title":{"rendered":"Life Insurance – Claim Settlement Ratio – 2010-11"},"content":{"rendered":"

Claim Settlement Ratio<\/strong> is probably the most important factor while buying insurance<\/strong>. This becomes even more critical for Life Insurance as you would like your dependents to run pillar to post to claim your sum assured in case of unfortunate death. The recently published Insurance Regulatory And Development Authority –\u00a0IRDA Annual report 2010-11<\/a> has the settlement ratio for the following life insurance companies in India.<\/p>\n

 <\/p>\n

Click here to check\u00a0Life Insurance \u2013 Death Claim Settlement Ratio \u2013 2011-12<\/strong><\/p>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n
LIC<\/td>\nMetlife<\/td>\nCanara HSBC<\/td>\n<\/tr>\n
HDFC Life<\/td>\nAviva<\/td>\nIDBI Fedral<\/td>\n<\/tr>\n
Birla Sunlife<\/td>\nSBI Life<\/td>\nShriram<\/td>\n<\/tr>\n
ICICI Prudential<\/td>\nIndia First<\/td>\nSahara<\/td>\n<\/tr>\n
ING Life<\/td>\nTata AIG<\/td>\nAegon Religare<\/td>\n<\/tr>\n
Kotak Mahindra<\/td>\nReliance Life<\/td>\nDLF Pramerica<\/td>\n<\/tr>\n
Bajaj Allianz<\/td>\nStar Union Dai-ichi Life<\/td>\nFuture Generali<\/td>\n<\/tr>\n
Bharti AXA<\/td>\nMax New York<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Claim Settlement Ratio:<\/h2>\n

The table below gives the Settlement ratio for the above Life Insurance Companies:<\/p>\n

\"Life<\/a><\/p>\n

As you can see LIC (Life Insurance Corporation)<\/strong> has the best\u00a0Claim Settlement Ratio of more than 97% while\u00a0Future Generali has the worst payout ratio of 50.5%. \u00a0But before you focus too much on these numbers, here are a few points you need to think about:<\/p>\n

Life insurance companies have a very high rate of rejection in the \u2018early claims\u2019 \u2013 so if there is a claim made within 2 years of taking the policy, there is a far greater chance of it being rejected. So all the companies which have started operation in last five years would obviously have low settlement ratio.<\/p>\n

You can read the previous Claim Settlement Ratio for Life Insurance Companies for 2008-09<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Claim Settlement Ratio is probably the most important factor while buying insurance. This becomes even more critical for Life Insurance as you would like your dependents to run pillar to post to claim your sum assured in case of unfortunate death. The recently published Insurance Regulatory And Development Authority –\u00a0IRDA Annual report 2010-11 has the […]<\/p>\n","protected":false},"author":1,"featured_media":4698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[5,16],"tags":[95,561,264,560,556,567,573,570,571,440,557,568,563,558,2807,572,110,559,38,566,444,39,67,562,569,565,564],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/12\/Life-Insurance.png",595,329,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/12\/Life-Insurance-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/12\/Life-Insurance-300x165.png",300,165,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/12\/Life-Insurance.png",595,329,false],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/12\/Life-Insurance.png",595,329,false],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/12\/Life-Insurance.png",595,329,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/12\/Life-Insurance.png",595,329,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2012\/12\/Life-Insurance.png",120,66,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":10,"uagb_excerpt":"Claim Settlement Ratio is probably the most important factor while buying insurance. This becomes even more critical for Life Insurance as you would like your dependents to run pillar to post to claim your sum assured in case of unfortunate death. The recently published Insurance Regulatory And Development Authority –\u00a0IRDA Annual report 2010-11 has the…","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/1773"}],"collection":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/comments?post=1773"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/1773\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/4698"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=1773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=1773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=1773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}