#1
31st January 2017, 05:52 PM
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IRDA Data Claims
Hi buddy I want to get data of IRDA Claim Settlement Ratio , sow ould you plz tell me from where I can get its data , as my uncle asking about it ??
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#2
31st January 2017, 06:10 PM
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Re: IRDA Data Claims
Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous, statutory agency tasked with regulating and promoting the insurance and re-insurance industries in India. As you asking I am telling IRDA Claim Settlement Ratio , so here I am telling same : Claim Settlement Ratio 2015-16 up to 31st March, 2016 Green-Claim Settlement Ratio from 90% to 100% Yellow-Claim Settlement Ratio from 80% to 89% Red-Claims below 79%. You notice that among total 24 Life Insurance Companies, around 12 companies are in GREEN (Claim Settlement Ratio above 90%). Total 10 companies are in YELLOW (Claim Settlement ratio between 80% to 89%). Total 2 companies are in RED (Claim Settlement Ratio below 80%). # Star Union‘s last year the claim settlement ratio was 94%. Hence, I intentionally flagged it RED. Now see this year’s result. It’s claim settlement ratio dropped to 81%. A drop of 13%. # Reliance Life is one more big changes. Last year the claim settlement ratio was 84%. But this year, it jumped to 94%. # PNB Met Life‘s last year’s claim settlement was 93%. But this year, it dropped to 85%. A change of 8%. # Birla Sun Life‘s last year’s claim settlement was 95%. But this year, it dropped to 88%. A change of 8%. # IDBI Federal Life‘s last year’s claim settlement was 76%. But this year, it increased to 85%. A change of 9%. # Aegon Religare Life‘s last year’s claim settlement ratio was 90%. But this year, it increased to 95%. A change of 5%. # Edelweiss Tokio‘s last year’s claim settlement ratio was 60%. But this year, it increased to 85%. A change of 25%. # DHLF Pramerica’s last year’s claim settlement ratio was 57%. But this year, it increased to 84%. A change of 27%. |