Life Insurance Pending Claims: ₹283 Crore Uncollected (Latest IRDAI Data)
4,999 death claims pending at end of FY 2024-25, up from 458 a year earlier. LIC holds 95.8% of them. Plus ₹38.69 crore in claims went completely uncollected.
Claims & CSR Data
Claim settlement ratio analysis by count and amount, rejection patterns, and COVID-era claims data from IRDAI handbooks.
Your Family Gets ₹2 Lakh From LIC, ₹10 Lakh From HDFC Life
Cheat sheet The average death claim paid by LIC is ₹2.45 lakh (FY 2024-25). At HDFC Life it’s ₹10.48 lakh. At ICICI Prudential, ₹14.73 lakh. Same event, same country, wildly different payouts. LIC’s low average reflects its product mix: mostly endowment and money-back policies bought decades ago with ₹1-5 lakh sum assured. Private insurers sell … Read more
Did Insurers Reject More COVID Claims? The Data Says No
Cheat sheet During COVID’s deadliest year (FY 2021-22), insurers rejected only 1.03% of death claims by count. That’s the lowest rejection rate in seven years. After COVID, rejections climbed to 1.68% in FY 2024-25, the highest rate since at least 2018-19. The industry now rejects 17,333 claims a year, up from 10,069 pre-COVID. By amount, … Read more
16 Lakh COVID Death Claims: What the Data Shows
Death claims jumped 84% during COVID and payouts surged 147%. The surprise: rejection rates hit a 12-year low, then climbed back. Full IRDAI data inside.
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.