Individual life insurance claims settlement ratio in India FY 2010-2022

Published by Sandhya Keelery, Aug 30, 2024
In the financial year 2022, the individual life insurance claims ratio was 99 percent in India. In comparison to FY 2010, it has shown a steady growth from 95 percent. Claims settlement ratio reflects the number of claims passed by an insurance company in a financial year.

Individual life insurance claims settlement ratio in India from the financial year 2010 to 2022

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Release date

July 2023

Region

India

Survey time period

FY 2010 to FY 2022

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2023 started in April 2022 and ended in March 2023.

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Life insurance industry in IndiaLife insurance worldwideInsurance industry in IndiaGlobal insurance industry
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