Aditya Birla Sun Life Insurance has partnered with Equitas Small Finance Bank to increase accessibility to life insurance products, enhancing its reach to a broader customer base.

by | May 23, 2025 | Aditya Birla, Insurance

Aditya Birla Sun Life Insurance ( ABSLI) has entered into a partnership with Equitas Small Finance Bank to expand the accessibility of life insurance products to a wider audience. This collaboration aims to leverage the bank’s extensive network and customer base...
The life insurance industry’s Assets Under Management (AUM) has reached Rs. 62 lakh crore in 2024.

The life insurance industry’s Assets Under Management (AUM) has reached Rs. 62 lakh crore in 2024.

by | May 20, 2025 | Aditya Birla, Bajaj Allianz Life Insurance, HDFC Standard Life, ICICI Prudential Life, Insurance, Kotak Life, LIC, PNB MetLife Insurance, Tata AIA

The life insurance industry in India has witnessed significant growth, with the Assets Under Management (AUM) increasing by over 9% to Rs. 62 lakh crore in March 2024 from Rs. 55 lakh crore in March 2023, according to data from the Insurance Regulatory and Development...
Fastest Insurers to Settle Claims within 3 Months:ICICI Lombard General Insurance: 98.04% claims settled within 3 months Bajaj Allianz General Insurance: 96.45% claims settled within 3 months HDFC Ergo General Insurance: 95.52% claims settled within 3 months Apollo Munich Health Insurance: 94.95% claims settled within 3 months Max Bupa Health Insurance: 94.64% claims settled within 3 monthsSlowest Insurers to Settle Claims within 3 Months:United India Insurance: 73.45% claims settled within 3 months New India Assurance: 75.13% claims settled within 3 months National Insurance: 76.23% claims settled within 3 months Oriental Insurance: 77.15% claims settled within 3 months Universal Sompo General Insurance: 78.21% claims settled within 3 months

Fastest Insurers to Settle Claims within 3 Months:

  1. ICICI Lombard General Insurance: 98.04% claims settled within 3 months
  2. Bajaj Allianz General Insurance: 96.45% claims settled within 3 months
  3. HDFC Ergo General Insurance: 95.52% claims settled within 3 months
  4. Apollo Munich Health Insurance: 94.95% claims settled within 3 months
  5. Max Bupa Health Insurance: 94.64% claims settled within 3 months

Slowest Insurers to Settle Claims within 3 Months:

  1. United India Insurance: 73.45% claims settled within 3 months
  2. New India Assurance: 75.13% claims settled within 3 months
  3. National Insurance: 76.23% claims settled within 3 months
  4. Oriental Insurance: 77.15% claims settled within 3 months
  5. Universal Sompo General Insurance: 78.21% claims settled within 3 months

by | May 11, 2025 | Aditya Birla, Bajaj Allianz Life Insurance, Care, HDFC ERGO, ICICI Lombard, Insurance, New India Assurance, Star Health and Allied Insurance, United India Insurance

The Insurance Regulatory and Development Authority (IRDAI) has released its handbook on Indian Insurance Statistics for 2023-24, which provides insights into the claim settlement ratios of various insurance companies in India. The claim settlement ratio helps...