We all need insurance players that we can build our trust on regarding claims settlements. More often than not death claims take longer to settle out more than any other complaint. It is for this reason that anyone embracing life insurance should make related notes of various insurance players and more so if they involve the private sector.
Nevertheless, even the public sector is still worth a consideration the likes of behemoth Life Insurance Corporation of India, which is in the lead concerning death claims settlement. It has emerged the top ranked insurance player with a reimbursement ratio of 98.19% compared to 89.4% clocked by private life insurers.
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