As per your concern I will tell you the Insurance Regulatory and Development Authority, Claim Settlement Ratio 2015-16 so that you can check it easily.

The Insurance Regulatory and Development Authority Claim settlement data for 2015-16 from April 1 to Sep 30, 2015.This data has been compiled from IRDA filings done by various insurers.

Summary
Max Life Insurance continues to have a good claim settlement ratio in 2015-16. It has only rejected 1.5% of claims with all of the 91.5% of settled claims with in 30 days.

HDFC Life has lots of pending claims with 4.35% of claims rejected. It has pending claims of about 14% with 76% of claims settled in 30 days.

Here is the claim settlement ration
Insurance Regulatory and Development Authority, Claim Settlement Ratio


Address:-
Insurance Regulatory and Development Authority
3rd Floor, Parisrama Bhavan, Basheer Bagh HYDERABAD 500 004
Telangana State (INDIA )

Phone:-
(040) 23381100