{"id":592,"date":"2015-03-21T22:58:16","date_gmt":"2015-03-21T13:58:16","guid":{"rendered":"http:\/\/trucompare.in\/blog\/?p=592"},"modified":"2015-10-10T08:15:11","modified_gmt":"2015-10-10T02:45:11","slug":"irda-claim-settlement-ratio-2014","status":"publish","type":"post","link":"https:\/\/www.trucompare.in\/blog\/irda-claim-settlement-ratio-2014\/","title":{"rendered":"IRDA Claim Settlement Ratio 2013-14 &#8211; Compare Term Insurance Plans"},"content":{"rendered":"<p><a href=\"http:\/\/trucompare.in\/\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"484\" data-permalink=\"https:\/\/www.trucompare.in\/blog\/what-is-term-insurance\/trucompare_head\/\" data-orig-file=\"https:\/\/i0.wp.com\/www.trucompare.in\/blog\/wp-content\/uploads\/2013\/05\/TruCompare_head.png?fit=205%2C21&amp;ssl=1\" data-orig-size=\"205,21\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"TruCompare_head\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.trucompare.in\/blog\/wp-content\/uploads\/2013\/05\/TruCompare_head.png?fit=205%2C21&amp;ssl=1\" class=\"alignnone size-full wp-image-484\" src=\"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2013\/05\/TruCompare_head.png?resize=205%2C21\" alt=\"TruCompare_head\" width=\"205\" height=\"21\" \/><\/a><\/p>\n<p>Update- We have updated the claim settlement ratios of insurers for 2014-15 on our website. <a href=\"http:\/\/www.trucompare.in\/TermInsurance.php\">Compare now<\/a> to view details. We have written about Max Life claim ratio for 2014-15 <a href=\"http:\/\/trucompare.in\/blog\/claim-settlement-ratio-for-term-insurance-in-2014-15\/\">here<\/a>.<\/p>\n<p>Following is the statistics for IRDA Claim Settlement Ratio 2013-14 for individual death claims by insurance companies. I have tried to take some of the popular brands in the market.<\/p>\n<table width=\"395\">\n<tbody>\n<tr>\n<td width=\"110\"><\/td>\n<td width=\"104\">No of Claims Recd<\/td>\n<td width=\"102\">Claim Amount<\/td>\n<td width=\"80\">Claim paid<\/td>\n<\/tr>\n<tr>\n<td>Aegon Religare<\/td>\n<td>324<\/td>\n<td>26.34<\/td>\n<td>81%<\/td>\n<\/tr>\n<tr>\n<td>Bharti AXA<\/td>\n<td>950<\/td>\n<td>26.14 cr<\/td>\n<td>88.13%<\/td>\n<\/tr>\n<tr>\n<td>Aviva<\/td>\n<td>2033<\/td>\n<td>119.83 cr<\/td>\n<td>84.01%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Life<\/td>\n<td>6824<\/td>\n<td>216.94 cr<\/td>\n<td>94.01%<\/td>\n<\/tr>\n<tr>\n<td>Edel TOKIO<\/td>\n<td>48<\/td>\n<td>4.5cr<\/td>\n<td>60.00%<\/td>\n<\/tr>\n<tr>\n<td>Bajaj Allianz<\/td>\n<td>21658<\/td>\n<td>440.98 cr<\/td>\n<td>91.29%<\/td>\n<\/tr>\n<tr>\n<td>Kotak<\/td>\n<td>2687<\/td>\n<td>71.09 cr<\/td>\n<td>90.69%<\/td>\n<\/tr>\n<tr>\n<td>SBI Life<\/td>\n<td>12960<\/td>\n<td>255.28cr<\/td>\n<td>91.06%<\/td>\n<\/tr>\n<tr>\n<td>Birla SunLife<\/td>\n<td>8071<\/td>\n<td>268 cr<\/td>\n<td>87.76%<\/td>\n<\/tr>\n<tr>\n<td>ICICI Pru Life<\/td>\n<td>12608<\/td>\n<td>278.6cr<\/td>\n<td>94.1%<\/td>\n<\/tr>\n<tr>\n<td>Max Life<\/td>\n<td>8896<\/td>\n<td>214.6 cr<\/td>\n<td>93.86%<\/td>\n<\/tr>\n<tr>\n<td>Reliance Life<\/td>\n<td>17241<\/td>\n<td>202.96<\/td>\n<td>81.97%<\/td>\n<\/tr>\n<tr>\n<td>Tata AIA<\/td>\n<td>4225<\/td>\n<td>94.80<\/td>\n<td>89.68<\/td>\n<\/tr>\n<tr>\n<td>LIC<\/td>\n<td>746212<\/td>\n<td>8475.26 cr<\/td>\n<td>98.14%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li>Among the private players Max Life, HDFC Life, ICICI Pru rank as the Top 3 when it comes to claim settlement ratio. Premium wise Max Life is the cheapest and ICICI PruLife is the most expensive<\/li>\n<li>Aegon, Axa, Aviva are cheap but don&#8217;t have great\u00a0claim settlement ratio<\/li>\n<li>LIC has the best claim settlement ratio but their online term insurance is\u00a0damn expensive.<\/li>\n<\/ul>\n<p>You can <a title=\"Best Term Insurance Plan in India\" href=\"http:\/\/www.trucompare.in\/\">compare online term insurance plan premiums<\/a> and historical\u00a0\u00a0IRDA claim settlement ratio data from 2010 to 2014 using our <a title=\"Term Insurance Premium Calculator\" href=\"http:\/\/www.trucompare.in\/TermInsurance.php\">term insurance premium calculator<\/a>.<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2015\/03\/image.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"628\" data-permalink=\"https:\/\/www.trucompare.in\/blog\/irda-claim-settlement-ratio-2014\/image\/\" data-orig-file=\"https:\/\/i0.wp.com\/www.trucompare.in\/blog\/wp-content\/uploads\/2015\/03\/image.png?fit=647%2C500&amp;ssl=1\" data-orig-size=\"647,500\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"image\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.trucompare.in\/blog\/wp-content\/uploads\/2015\/03\/image.png?fit=604%2C467&amp;ssl=1\" class=\"alignnone size-full wp-image-628\" src=\"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2015\/03\/image.png?resize=604%2C467\" alt=\"IRDA Claim Settlement Ratio for Max life Insurance\" width=\"604\" height=\"467\" srcset=\"https:\/\/i0.wp.com\/www.trucompare.in\/blog\/wp-content\/uploads\/2015\/03\/image.png?w=647&amp;ssl=1 647w, https:\/\/i0.wp.com\/www.trucompare.in\/blog\/wp-content\/uploads\/2015\/03\/image.png?resize=300%2C232&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.trucompare.in\/blog\/wp-content\/uploads\/2015\/03\/image.png?resize=388%2C300&amp;ssl=1 388w\" sizes=\"auto, (max-width: 604px) 100vw, 604px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2015\/03\/Complaint_resolution.jpg\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"630\" data-permalink=\"https:\/\/www.trucompare.in\/blog\/irda-claim-settlement-ratio-2014\/complaint_resolution\/\" data-orig-file=\"https:\/\/i0.wp.com\/www.trucompare.in\/blog\/wp-content\/uploads\/2015\/03\/Complaint_resolution.jpg?fit=651%2C550&amp;ssl=1\" data-orig-size=\"651,550\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Complaint_resolution\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.trucompare.in\/blog\/wp-content\/uploads\/2015\/03\/Complaint_resolution.jpg?fit=604%2C510&amp;ssl=1\" class=\"alignnone size-full wp-image-630\" src=\"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2015\/03\/Complaint_resolution.jpg?resize=604%2C510\" alt=\"Complaint Resolution data for Max Life Insurance\" width=\"604\" height=\"510\" srcset=\"https:\/\/i0.wp.com\/www.trucompare.in\/blog\/wp-content\/uploads\/2015\/03\/Complaint_resolution.jpg?w=651&amp;ssl=1 651w, https:\/\/i0.wp.com\/www.trucompare.in\/blog\/wp-content\/uploads\/2015\/03\/Complaint_resolution.jpg?resize=300%2C253&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.trucompare.in\/blog\/wp-content\/uploads\/2015\/03\/Complaint_resolution.jpg?resize=355%2C300&amp;ssl=1 355w\" sizes=\"auto, (max-width: 604px) 100vw, 604px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2015\/03\/Comparison-table.jpg\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"629\" data-permalink=\"https:\/\/www.trucompare.in\/blog\/irda-claim-settlement-ratio-2014\/comparison-table\/\" data-orig-file=\"https:\/\/i0.wp.com\/www.trucompare.in\/blog\/wp-content\/uploads\/2015\/03\/Comparison-table.jpg?fit=900%2C526&amp;ssl=1\" data-orig-size=\"900,526\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Comparison table\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.trucompare.in\/blog\/wp-content\/uploads\/2015\/03\/Comparison-table.jpg?fit=604%2C353&amp;ssl=1\" class=\"alignnone size-full wp-image-629\" src=\"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2015\/03\/Comparison-table.jpg?resize=604%2C353\" alt=\"IRDA Claim Settlement Ratio 3013-14 for Insurance Companies in India\" width=\"604\" height=\"353\" srcset=\"https:\/\/i0.wp.com\/www.trucompare.in\/blog\/wp-content\/uploads\/2015\/03\/Comparison-table.jpg?w=900&amp;ssl=1 900w, https:\/\/i0.wp.com\/www.trucompare.in\/blog\/wp-content\/uploads\/2015\/03\/Comparison-table.jpg?resize=300%2C175&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.trucompare.in\/blog\/wp-content\/uploads\/2015\/03\/Comparison-table.jpg?resize=500%2C292&amp;ssl=1 500w\" sizes=\"auto, (max-width: 604px) 100vw, 604px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/trucompare.in\/\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2013\/05\/TruCompare_head.png?resize=205%2C21\" alt=\"TruCompare_head\" width=\"205\" height=\"21\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Update- We have updated the claim settlement ratios of insurers for 2014-15 on our website. Compare now to view details. We have written about Max Life claim ratio for 2014-15 here. Following is the statistics for IRDA Claim Settlement Ratio 2013-14 for individual death claims by insurance companies. I have tried to take some of &hellip; <a href=\"https:\/\/www.trucompare.in\/blog\/irda-claim-settlement-ratio-2014\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">IRDA Claim Settlement Ratio 2013-14 &#8211; Compare Term Insurance Plans<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[],"class_list":["post-592","post","type-post","status-publish","format-standard","hentry","category-term-insurance"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3wDt5-9y","jetpack-related-posts":[{"id":772,"url":"https:\/\/www.trucompare.in\/blog\/irda-claim-settlement-ratio-of-health-insurance-in-2014-15\/","url_meta":{"origin":592,"position":0},"title":"IRDA Claim Settlement Ratio of Health Insurance in 2014-15","author":"Trucompare","date":"November 8, 2015","format":false,"excerpt":"Having covered some of the health insurance claim ratios for Apollo Munich and Star Health insurance in 2014-15, here is IRDA claim settlement ratio of heath insurance in 2014-15 for some of the top companies. Claim Settlement ratio of Max Bupa in 2014-15- 79.7% Claims Rejected- 12.56% Total claims settled-\u2026","rel":"","context":"In &quot;Health Insurance&quot;","block_context":{"text":"Health Insurance","link":"https:\/\/www.trucompare.in\/blog\/health-insurance\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":743,"url":"https:\/\/www.trucompare.in\/blog\/irda-claim-settlement-ratio-of-star-health-insurance-in-2014-15\/","url_meta":{"origin":592,"position":1},"title":"IRDA Claim Settlement Ratio of Star Health Insurance in 2014-15","author":"Trucompare","date":"October 4, 2015","format":false,"excerpt":"Star Health Insurance is one of the most popular health insurance brands in the country. Although it offers great variety of health insurance products, its claim settlement ratios for 2014-15 are not very impressive. Here is a brief summary: Total Claims Processed-93833 ( Shows that it is one of the\u2026","rel":"","context":"In &quot;Health Insurance&quot;","block_context":{"text":"Health Insurance","link":"https:\/\/www.trucompare.in\/blog\/health-insurance\/"},"img":{"alt_text":"Compare health insurance plan features and IRDA data","src":"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2015\/11\/Table.png?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2015\/11\/Table.png?resize=350%2C200 1x, https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2015\/11\/Table.png?resize=525%2C300 1.5x, https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2015\/11\/Table.png?resize=700%2C400 2x"},"classes":[]},{"id":1339,"url":"https:\/\/www.trucompare.in\/blog\/irda-claim-settlement-ratio-2016\/","url_meta":{"origin":592,"position":2},"title":"Latest IRDA Claim Settlement Ratio in 2016-17 for life insurers","author":"Trucompare","date":"November 15, 2016","format":false,"excerpt":"Update: Please check updated data for 2016-17( till March 31, 2017)\u00a0here. Here is the \u00a0IRDA claim settlement ratio 2016-17 for a few term life insurance for which data is available . HDFC Life has settled about 23006 claims \u00a0in 2016-17 while rejecting only 123 claims giving it a claim settlement\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":738,"url":"https:\/\/www.trucompare.in\/blog\/irda-claim-settlement-ratio-2015\/","url_meta":{"origin":592,"position":3},"title":"IRDA Claim Settlement Ratio for 2015 &#8211; Compare best online term insurance plans","author":"Trucompare","date":"October 3, 2015","format":false,"excerpt":"IRDA Claim Settlement Ratio for 2015 Update- We have updated the claim settlement ratios of online term insurance plans for 2014-15(based on IRDA annual report)\u00a0 and 2015-16 ( till Dec31, 2015 based on latest data submitted to IRDA by the insurers) on our website. IRDA has just published its annual\u2026","rel":"","context":"In &quot;Term Insurance&quot;","block_context":{"text":"Term Insurance","link":"https:\/\/www.trucompare.in\/blog\/term-insurance\/"},"img":{"alt_text":"TruCompare_head","src":"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2013\/05\/TruCompare_head.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1423,"url":"https:\/\/www.trucompare.in\/blog\/irda-claim-settlement-ratio-of-life-insurance-companies-in-2016-17\/","url_meta":{"origin":592,"position":4},"title":"IRDA Claim Settlement Ratio of Life insurance Companies in 2016-17","author":"Trucompare","date":"June 2, 2017","format":false,"excerpt":"We have been tracking IRDA claim settlement of insurers for 3+ years.Here is the latest data on IRDA claim settlement ratio of life insurers in 2016-17( for which data is available). Most of the good insurers are now having 95%+ claim settlement ratios in 2016-17. Max Life Insurance claim settlement\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":36,"url":"https:\/\/www.trucompare.in\/blog\/irda-claim-settlement-ratio\/","url_meta":{"origin":592,"position":5},"title":"IRDA Claim Settlement Ratio of Life Insurance Companies","author":"Trucompare","date":"September 6, 2013","format":false,"excerpt":"As indicated in my earlier post, IRDA claim settlement\u00a0ratio might be an important factor in determining the best term insurance plan in India. Following is the stats for 2011-12 for \u00a0IRDA claim settlement ratio for individual death claims by insurance companies. I have tried to take some of the popular\u2026","rel":"","context":"In &quot;Term Insurance&quot;","block_context":{"text":"Term Insurance","link":"https:\/\/www.trucompare.in\/blog\/term-insurance\/"},"img":{"alt_text":"TruCompare_head","src":"https:\/\/i0.wp.com\/trucompare.in\/blog\/wp-content\/uploads\/2013\/05\/TruCompare_head.png?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/posts\/592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/comments?post=592"}],"version-history":[{"count":18,"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/posts\/592\/revisions"}],"predecessor-version":[{"id":752,"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/posts\/592\/revisions\/752"}],"wp:attachment":[{"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/media?parent=592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/categories?post=592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/tags?post=592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}