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

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Best insurance company in India: 90% claims settled each by Aditya Birla, New India, HDFC ERGO; Bajaj, Star, Shriram lowest.

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by | May 2, 2025 | Aditya Birla, Bajaj Allianz Life Insurance, HDFC ERGO, Insurance, New India Assurance, Star Health and Allied Insurance

A recent report by the Insurance Brokers Association of India (IBAI) for the financial years 2023-24 and 2022-23 has revealed that four insurance companies in India have consistently cleared more than 90% of claims made by beneficiaries. The top performers include...
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by | May 2, 2025 | Aditya Birla, Bajaj Allianz Life Insurance, HDFC ERGO, IFFCO Tokio, Insurance, New India Assurance

A recent report by the Insurance Brokers Association of India (IBAI) has revealed that the claim-to-settlement ratio for general insurance in India has decreased to 86% in 2022-23, down from 87% in the previous fiscal year. This means that 14% of claims were rejected...