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Re: IRDA Claim Settlement Ratio-12
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.
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
Insurance Regulatory and Development Authority
3rd Floor, Parisrama Bhavan, Basheer Bagh HYDERABAD 500 004
Telangana State (INDIA )
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