LIC is best in claims settlement during 2010-11

Life Insurance Corporation of India (LIC) still remains the benchmark when it comes to settling death claims.

CLAIMS REPORT

2009-10 **

2010-11***

Claims

repudiated

Claims

settled

Claims

pending

Claims

repudiated

Claims

settled

Claims

pending

LIC

1.21

96.53

1.41

1.09

97.50

1.47

ICICI Prudential

3.27

90.17

6.56

2.80

94.40

2.60

HDFC Life

4.67

91.14

4.20

3.97

96.03

0.61

Aviva Life

9.75

87.11

3.14

4.10

87.11*

3.14*

Birla Sun Life

10.62

89.09

5.82

4.99

94.66

0.35

India First Life

7.69

53.85

38.46

9.40

90.58

0.03

Max New York Life

12.31

65.51

7.14

14.85

78.01

7.14

SBI Life

14.75

83.27

1.96

16.74

82.24

1.03

IDBI Federal Life

23.81

49.52

26.67

21.00

65.00

14.00

* Close to year ago figures; ** Irda Figures; *** Unaudited figures

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