Updated- Some of the insurers have their data available for 2016-17( Till Sep 30,2016) and the same is being updated on our website. Check the same by getting a quote.
This data has been compiled from IRDA filings done by various insurers.
Here is the summary:
- Max Life has claim ratio of 96.2% for 2015-16 based on latest data available till March 31, 2016.Settled about 8895 claims worth 245 crores in 2015-16 with just 4 pending claims.
- HDFC Life has claim ratio of 95.02% for 2015-16 based on latest data available till March 31, 2016.Settled about 11811 claims worth 300 crores in 2015-16 with just 79 pending claims.
- Future Generali has a claim ratio of 90.5% for 2015-16. Settled 1416 claims worth 27 crores with 17 pending claims.
- ICICI PruLife has a claim ratio of 96.5% for 2015-16 having settled 12815 claims worth 399 cr with 44 pending claims
To compare premiums and past IRDA data( from 2011 to 2016) for all insurers, please get a quote now.
(Attaching a few screenshots for Max Life insurance from the website)
To see latest data for 2015-16(till March 31,2016) for other insurers like HDFC Life, SBI Life, Aegon, Aviva, Kotak,Edelweiss etc, get a quote below.