Life Insurer’s IRDA Claim Settlement Ratios for Financial Year 2012-13

As per IRDA Annual Report for Financial Year 2012-13, Life Insurance Corporation of India (LIC) has got – 97.73%, the highest claim ratio, followed by ICICI Pru Life – 96.29%. Lowest claim ratio is – 27.04% of DLF Pramerica Life, seconded by Edelweiss Tokio Life – 45.45%.
Maximum claim ratio movement in the last one year – Canara HSBC Life (from 18th in FY 2011-12 to 10th in FY 2012-13) and Sahara Life has moved 6 places up (from 19th in FY 2011-12 to 13th in FY 2012-13) and Edelweiss Tokio Life dropped 22 places (from 1st in FY 2011-12 to 23th in FY 2012-13) and Birla Sun Life dropped 9 places (from 7th in FY 2011-12 to 17th in FY 2012-13) in ladder.