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

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...