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Reference

Claim Settlement Ratio of Life Insurers

IRDAI individual death claim data, insurer by insurer.

Updated 17 August 2026
InsurerIndividual death claim settlement ratioNote
Axis Max Life99.70%—
Tata AIA Life99.45%—
HDFC Life99.00%Has held above 99% for several consecutive years.
LIC of India96.42%Settles over 8 lakh death claims a year — by far the largest volume, which makes the ratio statistically the most reliable in the market.

Data as of 15 Aug 2026Source: IRDAI individual death claim settlement data, FY 2024-25, as published by insurersPending issuer verification

Worth knowing.Claim settlement ratio is the share of individual death claims an insurer settled out of those it decided in a financial year. It is not the probability that your claim will pay. A 99% CSR built on 5,000 claims is a weaker signal than a 96% CSR built on 800,000. Read it alongside the amount-settled ratio, the average settlement time and the insurer’s solvency ratio — and understand that the single biggest cause of rejection is non-disclosure at the proposal stage, which is entirely within your control.

Questions

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