News From Press Latest claim settlement ratio of life insurance companies in India released in 2024

Latest claim settlement ratio of life insurance companies in India released in 2024

Source: ET Mar 2, 2024

The main reason why we buy a life insurance policy is to secure the future of our loved ones in case of unfortunate events. So, it is important to check how your insurer settles claims before you invest your hard-earned money in it. Here the concept of claim settlement ratio comes into play. It is one of the crucial metrics that give you a rough sense of how the insurance company honours the policyholders' claims. What is a claim settlement ratio?

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