IRDA Claim Settlement Ratio HDFC

Hi I am interested in having the information about what laim Settlement is and the claim settlement ratio for the HDFC as well as other insurance companies for the year 2015-16?

[Rajkumar Agarwal]

Claim Settlement Ratio is the marker how much passing cases Life Insurance Company settled in any money related year. It is ascertained as the aggregate number of cases got against the aggregate number of cases settled.

IRDA Claim Settlement Ratio 2015-16

The following is the Claim Settlement Ratio 2015-16 or up to 31st March, 2016. I separated the underneath table with shading code for your better understanding.

Green-Claim Settlement Ratio from 90% to 100%

Yellow-Claim Settlement Ratio from 80% to 89%

Red-Claims underneath 79%.



You see that among aggregate 24 Life Insurance Companies, around 12 organizations are in GREEN (Claim Settlement Ratio over 90%). Add up to 10 organizations are in YELLOW (Claim Settlement proportion between 80% to 89%). Add up to 2 organizations are in RED (Claim Settlement Ratio underneath 80%).

The greatest amazing variables from Claim Settlement Ratio of 2014-15 to Claim Settlement Ratio of 2015-16 are as underneath.

# Star Union's last year the claim settlement proportion was 94%. Consequently, I deliberately hailed it RED. Presently observe the current year's outcome. It's claim settlement proportion dropped to 81%. A drop of 13%.

# Reliance Life is one all the more enormous changes. A year ago the claim settlement proportion was 84%. In any case, this year, it bounced to 94%.

# PNB Met Life's last year's claim settlement was 93%. Be that as it may, this year, it dropped to 85%. A change of 8%.

# Birla Sun Life's last year's claim settlement was 95%. Be that as it may, this year, it dropped to 88%. A change of 8%.

# IDBI Federal Life's last year's claim settlement was 76%. Be that as it may, this year, it expanded to 85%. A change of 9%.

# Aegon Religare Life's last year's claim settlement proportion was 90%. In any case, this year, it expanded to 95%. A change of 5%.

# Edelweiss Tokio's last year's claim settlement proportion was 60%. In any case, this year, it expanded to 85%. A change of 25%.

# DHLF Pramerica's last year's claim settlement proportion was 57%. In any case, this year, it expanded to 84%. A change of 27%.

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