CLAIM SETTLEMENT RATIO LIFE & NON-LIFE INSURANCE

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

Company	Motor	Health	Other	Net Premium	Claim Incurred	Claim Ratio In (%)
Acko General Insurance Ltd.	129	24	61	48.81	28.61	58.62
Bajaj Allianz General Insurance Co. Ltd.	62	85	224	7009.78	4810.41	68.62
Bharti Axa General Insurance Co. Ltd.	75	89	213	1398.98	1076.68	76.96
Cholamandalam MS General Insurance Co. Ltd.	84	35	205	3049.9	2335.5	76.58
DHFL General Insurance Limited.	29	46	44	108.31	30.77	28.41
Edelweiss General Insurance Co.Ltd.	145	115	306	28.81	35.31	122.56
Future Generali India Insurance Co. Ltd.	69	73	202	1574.71	1083.05	68.78
HDFC ERGO General Insurance Co. Ltd.	82	62	231	3810.01	2909.18	76.36
Go Digit General Insurance Ltd.	76	11	403	499.98	394.11	78.83
ICICI Lombard General Insurance Co. Ltd.	74	76	244	8375.35	6308.11	75.32
IFFCO Tokio General Insurance Co. Ltd.	87	102	202	4030.32	3558.22	88.29
Kotak Mahindra General Insurance Co. Ltd.	74	47	96	197.35	134.32	68.06
Liberty Videocon General Insurance Co. Ltd.	70	82	392	805.44	591.05	73.38
Magma HDI General Insurance Co. Ltd.	65	90	437	384.95	271.69	70.58
Raheja QBE General Insurance Co. Ltd.	102	33	67	89.57	74.78	83.49
Reliance General Insurance Co. Ltd.	85	94	359	3532.25	3031.3	85.82
Royal Sundaram Alliance Insurance Co. Ltd.	89	61	254	2186.19	1854.85	84.84
SBI General Insurance Co. Ltd.	87	52	275	2388.38	1720.57	72.04
Shriram General Insurance Co. Ltd.	69	53	160	2059.43	1406.32	68.29
Tata AIG General Insurance Co. Ltd.	70	78	269	4578.21	3586.37	78.34
Universal Sompo General Insurance Co. Ltd.	88	92	172	1249.06	879.67	70.43
Aditya Birla Health Insurance Co. Ltd.	0	59	0	348.23	204.11	58.61
Apollo Munich Health Insurance Co. Ltd.	0	63	0	1672.9	1047.09	62.59
Manipal Cigna Health Insurance Co.Ltd.	0	62	0	392.52	243.14	61.94
Max Bupa Health Insurance Co. Ltd.	0	54	0	659.48	355.64	53.93
Reliance Health Insurance Ltd.	0	14	0	1.36	0.18	13.24
Religare Health Insurance Co. Ltd.	0	55	0	1091.2	602.67	55.23
Star Health and Allied Insurance Co. Ltd.	0	63	0	3662.37	2297.59	62.74
National Insurance Co. Ltd.	127.5	107.64	216.56	10400.23	11434.03	109.94
The New India Assurance Co. Ltd.	87.54	103.73	283.96	21487.08	20496.7	95.39
The Oriental Insurance Co. Ltd.	112.62	108.8	257.26	10601.53	11248.08	106.1
United India Insurance Co. Ltd.	120.79	110.51	252.68	13104.51	14336.09	109.4
Agriculture Insurance Co. Ltd.	0	0	92.25	1651.66	1523.64	92.25
Export Credit Guarantee Corporation of India Ltd.	0	0	92.25	1651.66	1523.64	133.56

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.