Latest claim settlement ratio of health and general insurance companies released by IRDA in 2025, Navi, Acko take lead, Star Health, Zuno fall below 90%
In 2025, IRDAI's handbook on Indian insurance statistics highlighted that Acko General Insurance lead amongst all general and health with a 99.91% claim settlement ratio within 3 months. Among public sector insurers, United India Insurance stood at 96.33%. However, at 82.31%, Star Health and Allied Insurance Co. Ltd. had the lowest claim settlement ratio within 3 months. Overall, general insurers settled 81.13% of all their insurance claims received within 3 months in 2023-24.
Tax savings no longer driving middle class to buy life insurance: Vibha Padalkar, MD & CEO, HDFC Life Insurance
Unlike in the West, where government-backed social security provides a safety net, Indians know they must rely on their own savings for the future. This fundamental mindset won’t change easily, HDFC Life’s Vibha Padalkar tells Yasmin Hussain.
Latest claim settlement ratios of all Indian life insurance companies in 2025; Axis Max and HDFC retain top spot with over 99%; Reliance Nippon lags at 94%
The IRDAI has released the claim settlement ratios of all Indian life insurers for FY 2023-24, revealing that 96.82% of life insurance policy claims are settled within 30 days. Notably, private insurers like Aditya Birla and Tata AIA achieved a higher claim settlement around 99% than LIC, which stood at 96.42%. Axis Max Life Insurance and HDFC achieved top spots, with over 99% claim settlement ratio, in terms of the number of policies, while LIC, ICICI Prudential, and Reliance Nippon remained laggards.
Track your car insurance details online in minutes
In India, you can easily check your car insurance details online through platforms such as the Parivahan Portal, IIB Portal, mParivahan app, and state RTO websites. These government-run resources allow you to quickly access your vehicle’s insurance status, policy issuer, and validity by entering the registration number.
LIC’s new pension plan: What is eligibility, annuity options and other details
