Life insurance claims settlement ratio in India FY 2022, by insurer

Published by Sandhya Keelery, Aug 30, 2024
In the financial year 2022, Max life insurance had the highest claims settlement ratio of 99.34 percent in India. Public sector insurer, the LIC life insurance had the claims settlement ratio of 98.74 percent in the same fiscal year. Claim settlement ratio is a ratio of the number of claims paid to customers by the insurance company to the total claims received by the company.

Life insurance claims settlement ratio in India in the financial year 2022, by insurer

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Release date

November 2023

Region

India

Survey time period

FY 2022

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2023 started in April 2022 and ended in March 2023.

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