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Top Life Insurance Companies in India and there claim settlement ratio

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Top Life Insurance Companies in India

According to IRDIAI there are 24 life insurance companies

Check the list below and there claim settlement ratio {2015-16}

 

List of Life Insurance Companies Claim Settlement Ratio
AEGON Life Insurance  95.31 %
Aviva Life Insurance  81.97 %
Bajaj Allianz Life Insurance  91.30 %
Bharti AXA Life Insurance  80.02 %
Birla Sun Life Insurance  88.45 %
Canara HSBC OBC Life Insurance  92.99 %
DHFL Pramerica Life Insurance  83.64 %
Edelweiss Tokio Life Insurance  85.11 %
Exide Life Insurance  89.36 %
Future Generali India Life Insurance  90.26 %
HDFC Standard Life Insurance  95.02 %
ICICI Prudential Life Insurance  96.20 %
IDBI Federal Life Insurance  84.79 %
IndiaFirst Life Insurance Company Ltd – India First  71.87 %
Kotak Life Insurance  89.09 %
Life Insurance Corporation of India  98.33 %
Max Newyork Life Insurance  96.95 %
PNB MetLife Insurance  85.36 %
Reliance Life Insurance  93.82 %
Sahara Life Insurance  90.30 %
SBI Life Insurance  93.39 %
Shriram Life Insurance  60.24 %
Star Union Dai-ichi Life Insurance  80.73 %
Tata AIA Life Insurance  96.80 %

There are currently, 24 life insurance companies in India. Of these, Life Insurance Corporation of India (LIC) is the only public sector insurance company. All others are private insurance companies.Private life insurance companies in India got access to the life insurance sector in the year 2000.