What is the claim settlement ratio of LIC – Life Insurance Corporation of India?
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 LIC – Life Insurance Corporation of India is 98.04%.
To know more about the historical Claim Settlement Ratios of LIC – Life Insurance Corporation of India as well as other life insurance companies, click on the following button:
