FAQ - IDBI FEDERAL LIFE INSURANCE
Q.
What is the Claim Settlement Ratio of IDBI Federal Life Insurance 2017-18?
Ans
The IRDAI (Insurance Regulatory Development Authority of India) Annual Report 2017 – 18 gives insights into the Indian Insurance industry and also lets you know which companies are performing well. One of the parameters to assess the performance of insurers is the Claim Settlement Ratio, which is the ratio of the number of claims the insurance company receives to the number of claims it successfully pays out.
According to the IRDAI Annual Report 2017 – 18, the Claim Settlement Ratio for IDBI Federal Life Insurance Company is 91.99%.
To know more about the historical Claim Settlement Ratios of IDBI Federal Life Insurance Company as well as other life insurance companies, click on the following button: