Insurance

Get all updates and information related to Insurance related topics.

Broadly you can choose from Life Insurance and General (non-life) Insurance to meet your insurance needs and get yourself and your family secured against life’s uncertainties.

Life Insurance

Life insurance ensures financial security for your family, after your unfortunate demise. It pays Sum Assured amount as a lumpsum to the beneficiary that will help your family meet all their financial needs, in your absence.

Claim Settlement Ratio of Life Insurance Companies in India

Life Insurance Companies

Claims Settlement Ratio (FY 2019-20)

Aditya Birla Sun Life

92.41%

Aegon Life

93.63%

Aviva Life

96.94%

Bajaj Allianz Life

93.55%

Bharti AXA Life

95.75%

Canara HSBC OBC Life

92.42%

Edelweiss Tokio Life

66.35%

Exide Life

87.94%

Future Generali India Life

90.10%

HDFC Life

92.58%

ICICI Prudential Life

91.64%

IDBI Federal Life

89.27%

India First Life

88.88%

Kotak Mahindra Life

88.22%

Max Life

94.48%

PNB Met Life

87.22%

Pramerica Life

95.78%

Reliance Nippon Life

94.01%

Sahara Life

87.64%

SBI Life

89.74%

Shriram Life

82.88%

Star Union Dai-ichi Life

94.71%

Tata AIA Life

95.91%

LIC

93.45%

(IRDAI annual report FY 2019-20)


General Insurance

General (non-life) Insurance provides coverage against unforeseen contingencies that occur to your health, motor, travel, home, fire, marine, and other assets which are not covered under life insurance.

Claim Settlement Ratio of General Insurance Companies in India

Private Sector Insurers

Claims Settlement Ratio (FY 2019-20)

Acko General

60.33%

Bajaj Allianz General

70.74%

Bharti AXA General

78.33%

Cholamandalam MS General

74.99%

Edelweiss General

114.70%

Future Generali

59.66%

Go Digit

75.00%

HDFC Ergo

77.20%

ICICI Lombard

72.86%

IFFCO Tokio General

88.61%

Kotak Mahindra General

68.80%

Liberty General

72.42%

Magma HDI General

84.35%

Navi General (earlier, DHFL General)

66.52%

Raheja QBE

75.19%

Reliance General

83.65%

Royal Sundaram

85.03%

SBI General

71.12%

Shriram General

65.04%

Tata AIG General

77.44%

Universal Sompo

73.41%

Public Sector Insurers

Claims Settlement Ratio (FY 2019-20)

National Insurance

105.86%

New India Assurance

91.43%

Oriental Insurance

102.34%

United India insurance

101.46%

Specialized Insurers

Claims Settlement Ratio (FY 2019-20)

AIC

115.42%

ECGC

115.34%

Standalone Health Insurers

Claims Settlement Ratio (FY 2019-20)

Aditya Birla Health

49.08%

HDFC ERGO Health (earlier, Apollo Munich)

73.69%

Manipal Cigna

61.64%

Max Bupa

53.51%

Reliance Health

62.17%

Religare Health

59.13%

Star Health

65.91%

(IRDAI annual report FY 2019-20)

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