Note : Data Of Claim Settlement Ratio And Incurred Claim Ratio Is in Percentage

Note : Data Of Incurred Claim Ratio Is In Percentage

The graph shows the year-wise claim settlement ratio of different companies in various sectors- Life, motor, health and others.

General Insurers Incurred Claim Ratio of 2018 - 2019

CompanyMotorHealthOtherNet PremiumClaim IncurredClaim Ratio In (%)
Acko General Insurance Ltd.129246148.8128.6158.62
Bajaj Allianz General Insurance Co. Ltd.62852247009.784810.4168.62
Bharti Axa General Insurance Co. Ltd.75892131398.981076.6876.96
Cholamandalam MS General Insurance Co. Ltd.84352053049.92335.576.58
DHFL General Insurance Limited.294644108.3130.7728.41
Edelweiss General Insurance Co.Ltd.14511530628.8135.31122.56
Future Generali India Insurance Co. Ltd.69732021574.711083.0568.78
HDFC ERGO General Insurance Co. Ltd.82622313810.012909.1876.36
Go Digit General Insurance Ltd.7611403499.98394.1178.83
ICICI Lombard General Insurance Co. Ltd.74762448375.356308.1175.32
IFFCO Tokio General Insurance Co. Ltd.871022024030.323558.2288.29
Kotak Mahindra General Insurance Co. Ltd.744796197.35134.3268.06
Liberty Videocon General Insurance Co. Ltd.7082392805.44591.0573.38
Magma HDI General Insurance Co. Ltd.6590437384.95271.6970.58
Raheja QBE General Insurance Co. Ltd.102336789.5774.7883.49
Reliance General Insurance Co. Ltd.85943593532.253031.385.82
Royal Sundaram Alliance Insurance Co. Ltd.89612542186.191854.8584.84
SBI General Insurance Co. Ltd.87522752388.381720.5772.04
Shriram General Insurance Co. Ltd.69531602059.431406.3268.29
Tata AIG General Insurance Co. Ltd.70782694578.213586.3778.34
Universal Sompo General Insurance Co. Ltd.88921721249.06879.6770.43
Aditya Birla Health Insurance Co. Ltd.0590348.23204.1158.61
Apollo Munich Health Insurance Co. Ltd.06301672.91047.0962.59
Manipal Cigna Health Insurance Co.Ltd.0620392.52243.1461.94
Max Bupa Health Insurance Co. Ltd.0540659.48355.6453.93
Reliance Health Insurance Ltd.01401.360.1813.24
Religare Health Insurance Co. Ltd.05501091.2602.6755.23
Star Health and Allied Insurance Co. Ltd.06303662.372297.5962.74
National Insurance Co. Ltd.127.5107.64216.5610400.2311434.03109.94
The New India Assurance Co. Ltd.87.54103.73283.9621487.0820496.795.39
The Oriental Insurance Co. Ltd.112.62108.8257.2610601.5311248.08106.1
United India Insurance Co. Ltd.120.79110.51252.6813104.5114336.09109.4
Agriculture Insurance Co. Ltd.0092.251651.661523.6492.25
Export Credit Guarantee Corporation of India Ltd.0092.251651.661523.64133.56

The table shows the year-wise claim settlement ratio of all insurance companies. Claim settlement ratio (CSR) is the most important factor to access the credibility of the insurer and its capacity to remit claims. It is calculated as the ratio of Total claims settled/Total claims incurred. People will prefer an insurer with a higher CSR as it gives confidence to people that they are investing in a healthy business and their claims would be remitted in case of any contingency.