Claim Settlement Ratio for Aegon Religare Term Insurance in 2014-15 and 2015-16

Claim Settlement Ratio Aegon Religare in 2015

Aegon Religare term plan ( iTerm) has been a popular name in the term insurance but its claim settlement ratio in the past years have not been up to the mark. Here is some data for Aegon Religare claim settlement data for 2014-15 (ending March 31, 2015). This is for individual death claims. The official data shall be published by IRDA in beginning of 2016.

For 2014-15

No. of Claims received- 460

No. of Claims Settled- 413

Claim Settlement Ratio- 89.78%

Claims Rejected within first 2 years – 43

Claims Rejected Post 2 years- 3

Aegon Religare has certainly showed a lot of improvement in its claim settlement ratio for 2014-15. Also the data shows that over 90% of claim rejections happen during first 2 years of taking the policy! You can check the historical claim settlement ratio data for Aegon Religare by getting a quote and doing a detailed comparison. It is important to check premiums as well as historical claim settlement ratios before buying your term plan.

Update– Latest 2015-16 data for Aegon Life has been updated in our comparison tool.

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