Latest Breaking News On - Lics claim settlement ratio - Page 1 : comparemela.com

Claim settlement ratio of LIC slips SECTIONS Last Updated: Feb 10, 2021, 09:39 PM IST Share Synopsis The life insurance industry in total paid 8.46 lakh claims on individual policies, with a total payout of Rs 18042 crore in the FY20, data from the latest Insurance Regulatory and Development Authority of India’s annual report showed. Claim settlement ratio is a metric to gauge the percentage of life insurance claims an insurer has settled during a financial year against the number of claims it receives in the period. Agencies In the group life business, out of 10.26 lakhs total number of the group claims payable during FY20, life insurance industry paid a total of 9.98 lakh claims which is 97.27 per cent.

Life insurance corpDevelopment authority of indiaLife insuranceInsurance regulatoryDevelopment authorityMax lifeEdelweiss tokio lifeSahara lifeIcici prudentialLife insurance industryLics claim settlement ratioInsurance regulatory and development authorityIrdai annual reportLife insurance corporation of indiaவாழ்க்கை காப்பீடு கார்ப்வளர்ச்சி அதிகாரம் ஆஃப் இந்தியா