{"id":728,"date":"2015-10-02T09:00:29","date_gmt":"2015-10-02T03:30:29","guid":{"rendered":"http:\/\/trucompare.in\/blog\/?p=728"},"modified":"2016-01-16T17:18:14","modified_gmt":"2016-01-16T11:48:14","slug":"claim-settlement-ratio-for-term-insurance-in-2014-15","status":"publish","type":"post","link":"https:\/\/www.trucompare.in\/blog\/claim-settlement-ratio-for-term-insurance-in-2014-15\/","title":{"rendered":"Claim Settlement Ratio for Term Insurance Companies in 2014-15- Max Life Insurance"},"content":{"rendered":"<h2>Term Insurance Claim Ratio<\/h2>\n<p>Although IRDA is yet to publish, the official claim settlement ratios for term insurance companies in 2014-15, we can still get a decent idea about the same from company data. Here is some data for Max Life insurance claim settlement data for 2014-15 (ending March 31, 2015). This is for individual death claims.<\/p>\n<p>For 2014-15<\/p>\n<p>No. of Claims received- 9152<\/p>\n<p>No. of Claims Settled- 8788<\/p>\n<p>Claim Settlement Ratio- 96.02%<\/p>\n<p>Claims Rejected within first 2 years &#8211; 225<\/p>\n<p>Claims Rejected Post 2 years- 75<\/p>\n<p>This means that over 75% of claim rejections or MaxLife happenned during first 2 years of taking the policy! You can check the historical claim data for Max Life by doing a <a href=\"http:\/\/www.trucompare.in\/trucomparev2c\">detailed comparison.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Term Insurance Claim Ratio Although IRDA is yet to publish, the official claim settlement ratios for term insurance companies in 2014-15, we can still get a decent idea about the same from company data. Here is some data for Max Life insurance claim settlement data for 2014-15 (ending March 31, 2015). This is for individual &hellip; <a href=\"https:\/\/www.trucompare.in\/blog\/claim-settlement-ratio-for-term-insurance-in-2014-15\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Claim Settlement Ratio for Term Insurance Companies in 2014-15- Max Life Insurance<\/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-728","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-bK","jetpack-related-posts":[{"id":401,"url":"https:\/\/www.trucompare.in\/blog\/claim-settlement-ratio-of-health-insurance-companies\/","url_meta":{"origin":728,"position":0},"title":"Claim Settlement Ratio of Health Insurance Companies","author":"Trucompare","date":"June 21, 2013","format":false,"excerpt":"Here is some data on the claim settlement ratio of health insurance companies in India to get their health insurance rejection ratio in last quarter - Q4, 2013. I will be updating this with more insurer data. Claim Settlement Ratio for Health Insurance Companies INSURER Claims Reported Rejected Rejected Claims\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":772,"url":"https:\/\/www.trucompare.in\/blog\/irda-claim-settlement-ratio-of-health-insurance-in-2014-15\/","url_meta":{"origin":728,"position":1},"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":1339,"url":"https:\/\/www.trucompare.in\/blog\/irda-claim-settlement-ratio-2016\/","url_meta":{"origin":728,"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":732,"url":"https:\/\/www.trucompare.in\/blog\/claim-settlement-ratio-for-aegon-religare-in-2014-15\/","url_meta":{"origin":728,"position":3},"title":"Claim Settlement Ratio for Aegon Religare Term Insurance in 2014-15 and 2015-16","author":"Trucompare","date":"October 2, 2015","format":false,"excerpt":"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.\u00a0Here is some data for Aegon Religare\u00a0claim settlement data for 2014-15 (ending March\u2026","rel":"","context":"In &quot;Aegon Religare&quot;","block_context":{"text":"Aegon Religare","link":"https:\/\/www.trucompare.in\/blog\/term-insurance\/aegon-religare\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":592,"url":"https:\/\/www.trucompare.in\/blog\/irda-claim-settlement-ratio-2014\/","url_meta":{"origin":728,"position":4},"title":"IRDA Claim Settlement Ratio 2013-14 &#8211; Compare Term Insurance Plans","author":"Trucompare","date":"March 21, 2015","format":false,"excerpt":"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\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":1584,"url":"https:\/\/www.trucompare.in\/blog\/claim-settlement-ratio-of-star-health-insurance\/","url_meta":{"origin":728,"position":5},"title":"Claim Settlement Ratio of Health Insurance Companies in 2021- Star Health Insurance","author":"Trucompare","date":"March 5, 2022","format":false,"excerpt":"Here is the claim settlement ratio for Star health insurance for year 2020-21 and 2021-22( till Q3). This is a period when covid 19 stuck. For Star Health Insurance 2020-21: Number of Claims received- 11.1 lakhs Number of claims settled- 8.48 lakhs Claims Rejected- 1.53 lakhs Claims pending- 93000 Claim\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":[]}],"_links":{"self":[{"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/posts\/728","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=728"}],"version-history":[{"count":5,"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/posts\/728\/revisions"}],"predecessor-version":[{"id":995,"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/posts\/728\/revisions\/995"}],"wp:attachment":[{"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/media?parent=728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/categories?post=728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.trucompare.in\/blog\/wp-json\/wp\/v2\/tags?post=728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}