Claim Settlement Ratio of All 24 Life Insurers (Latest IRDAI Data)
All 24 life insurers ranked by individual death claim settlement ratio — by count AND by amount. IRDAI FY 2024-25 verified data with the gaps most sites don’t show you.
Gyansurance Editorial
IRDAI: Cut Costs, Stop Mis-Selling to Grow
IRDAI Member Deepak Sood calls out high distribution costs and mis-selling as the two biggest barriers to expanding insurance coverage in India, where penetration has stalled at 3.7% for two years.
Axis Max Life Term Insurance: Full Guide
In December 2024, Max Life Insurance Company Limited was officially renamed Axis Max Life Insurance Limited, reflecting the deepening role of Axis Bank, which now holds approximately 20% of the company alongside Max Financial Services (~80%). The rebrand followed IRDAI approval and changed the brand identity, the domain (maxlifeinsurance.com now redirects to axismaxlife.com), and the … Read more
ICICI Prudential Term Insurance: Full Guide
ICICI Prudential Life Insurance is a joint venture between ICICI Bank (51%) and Prudential Corporation Holdings (22%), and was the first Indian life insurer to list on stock exchanges when it went public in 2016. In term insurance specifically, the company is known for its flagship iProtect Smart range, which has expanded over the years … Read more
SBI Life Term Insurance: Full Guide
SBI Life Insurance is effectively a subsidiary of State Bank of India, which holds approximately 55.4% of the company. The insurer was originally a 74:26 joint venture with BNP Paribas Cardif, but the French insurer has progressively reduced its stake since 2019 and now holds a negligible position. For term insurance buyers, SBI Life’s most … Read more
HDFC Life Term Insurance: Full Guide
HDFC Life is India’s largest listed private life insurer by market capitalisation, and its term insurance portfolio carries one of the most consistent claim settlement records in the industry. Founded in 2000 as a joint venture with Standard Life Aberdeen (UK), the company today operates as a subsidiary of HDFC Bank, which holds approximately 50.41% … Read more