Page 51 - Insurance Times September 2019

(benefit amount in Rs. crore) Break up of claims pending -- duration wise (Policies) Total > 1 yr 6 <12 mths 45 0 0 100% 0 0 0 0% 8 0 0 100% 250 0 2 100% 0.80% 7 0 0 100% 2 0 0 100% 7 0 0 100% 0 0 0 0% 5 0 0 100% 19 0 0 100% 69 0 0 100% 27 4 1 100% 14.81% 3.70% 6 0 0 100% IRDAI Annual Report 2018

< 3 3 < 6 mths mths 0 45 100.00% 0 0 0 8 100.00% 70 178 28.00% 71.20% 0 7 100.00% 0 2 100.00% 0 7 100.00% 0 0 0.03% - 0 5 100.00% 0 19 100.00% 2 67 2.90% 97.10% 5 17 18.52% 62.96% 0 6 100.00%

Claims pending at end of the period Benefit No. of Amount Policies 9.75 45 3.56% 0.82% 0.00 0 0.00% - 1.37 8 1.29% 0.72% 31.46 250 8.47% 1.75% 0.75 7 1.69% 0.79% 0.62 2 1.16% 0.24% 1.71 7 6.44% 1.18% 0.00 0 - 0.82 5 0.95% 0.15% 1.98 19 4.92% 1.47% 15.14 69 2.78% 0.55% 13.47 27 1.73% 0.24% 0.22 6 0.44% 0.52%

INDIVIDUAL DEATH CLAIMS FOR THE YEAR 2017-18

Benefit Amount 0.00 --- 0.00 - 0.00 - 0.92 0.25% 0.00 - 0.00 - 0.00 - 0.00 - 0.00 - 0.02 0.04% 0.00 - 5.19 0.67% 0.00 -
Unclaimed No. of Policies 0 --- 0 - 0.00 - 60 0.42% 0 - 0 - 0 - 0 - 0 - 1 0.08% 0 - 13 0.11% 0 -

Claims repudiated / rejected Benefit No. of Amount Policies 16.26 154 5.93% 2.80% 2.83 24 5.44% 4.33% 6.84 54 6.46% 4.83% 27.25 829 7.34% 5.79% 0.89 21 2.02% 2.36% 3.63 38 6.81% 4.54% 1.29 13 4.88% 2.20% 0.26 9 2.25% 4.76% 8.14 102 9.44% 3.04% 4.14 69 10.28% 5.34% 46.78 208 8.59% 1.66% 43.23 203 5.56% 1.77% 5.14 87 10.17% 7.49%

Claims paid Benefit No. of Amount Policies 248.16 5292 90.51% 96.38% 49.17 530 94.56% 95.67% 97.68 1056 92.25% 94.45% 311.59 13176 83.94% 92.04% 42.48 860 96.29% 96.85% 49.13 797 92.03% 95.22% 23.51 572 88.68% 96.62% 11.31 180 97.78% 95.24% 77.26 3250 89.61% 96.81% 34.18 1202 84.76% 93.11% 482.78 12289 88.63% 97.80% 715.11 11216 92.03% 97.88% 45.15 1068 89.39% 91.99%

Total Claims Benefit No. of Amount Policies 274.17 5491 100% 100% 52.00 554 100% 100% 105.89 1118 100% 100% 371.22 14315 100% 100% 44.11 888 100% 100% 53.38 837 100% 100% 26.51 592 100% 100% 11.57 189 100% 100% 86.21 3357 100% 100% 40.32 1291 100% 100% 544.70 12566 100% 100% 777.00 11459 100% 100% 50.51 1161 100% 100% Note: First row across each insurer shows the absolute figures whereas second row

Claims intimated / booked Benefit No. of Amount Policies 269.83 5443 52.00 554 103.11 1111 365.69 14252 40.38 854 53.29 836 25.81 586 11.57 189 86.21 3357 39.34 1274 529.09 12507 766.84 11423 50.04 1154

Claims pending at start of the period Benefit No. of Amount Policies 4.33 48 0.00 0 2.78 7 5.53 63 3.73 34 0.09 1 0.70 6 0.00 0 0.00 0 0.98 17 15.61 59 10.16 36 0.47 7

Life Insurer Aditya Birla Sun Life Aegon Life Aviva Life Bajaj Allianz Life Bharti Axa Life Canara HSBC OBC Life DHFL Pramerica Life Edelweiss Tokio Life Exide Life Future Generali Life HDFC Standard Life ICICI Prudential Life IDBI Federal Life

The Insurance Times, September 2019 51