Life insurance claims settlement ratio in India FY 2022, by insurer
In the financial year 2022, Max life insurance had the highest claims settlement ratio of 99.34 percent in India. Public sector insurer, the LIC life insurance had the claims settlement ratio of 98.74 percent in the same fiscal year. Claim settlement ratio is a ratio of the number of claims paid to customers by the insurance company to the total claims received by the company.
