Page 36 - LIFE INSURANCE TODAY Novemver 2017

Statistics

(Benefit Amount in Rs. crore) Break up of claims pending -- duration wise (Policies) > 1 yr 6 - < 1 yr 45 14 48.91% 15.22% 0 0 0 0 9 4 4.92% 2.19% 0 0 110 44 36.91% 14.77% 9 5 3.31% 1.84% 2 7 1.05% 3.66% 0 0 205 82 9.68% 3.87% 984 1441 25.14% 36.82% 1189 1523 19.71% 25.25%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
6031
2117
3914
Total
183
0%
298
272
191
25
26
92
0
4
< 3 < 3 - < 6 mths mths 12 21 13.04% 22.83% 0 4 100.00% 3 23 11.54% 88.46% 7 163 3.83% 89.07% 1 24 4.00% 96.00% 24 120 8.05% 40.27% 26 232 9.56% 85.29% 55 127 28.80% 66.49% 0 0 216 1614 10.20% 76.24% 796 693 20.34% 17.71% 1012 2307 16.78% 38.25%
INDIVIDUAL DEATH CLAIMS FOR THE YEAR 2015-16
Claims pending at at end of the period Benefit No. of Amount Policies 7.40 92 6.60% 3.32% 2.21 4 0.79% 0.04% 3.80 26 2.23% 0.84% 10.77 183 4.03% 1.25% 0.29 25 3.79% 3.15% 41.06 298 8.75% 1.85% 12.07 272 13.82% 10.84% 12.18 191 25.28% 13.99% 0 0 --- --- 201.52 2117 5.44% 1.85% 243 3914 2.39% 0.51% 444.23 6031 3.21% 0.69%
Claims written back Benefit No. of Amount Policies 0.00 0.00 --- --- 0.00 0.00 --- --- 0.00 0 --- --- 0.00 0 --- --- 0.00 0 --- --- 0.00 0 --- --- 0.00 0.00 --- --- 0.00 0.00 --- --- 0.00 0.00 --- --- 0.05 3 0.00% 0.00% 21.03 1318 0.21% 0.17% 21.08 1321 0.15% 0.15%

Claims repudiated / rejected Benefit No. of Amount Policies 11.00 210 9.82% 7.59% 16.94 276 6.03% 3..01% 40.93 427 24.06% 13.80% 35.76 721 13.40% 4.93% 0.45 52 5.85% 6.55% 38.45 767 8.20% 4.76% 33.22 726 38.04% 28.92% 3.54 72 7.34% 5.27% 5.32 106 5.76% 3.20% 553.33 7655 14.95% 6.67% 183.18 7502 1.81% 0.98% 736.51 15157 5.32% 1.73%

Claims paid Benefit No. of Amount Policies 93.65 2465 83.58% 89.09% 261.91 8895 93.19% 96.95% 125.42 2641 73.71% 85.36% 220.42 13714 82.57% 93.82% 6.95 717 90.35% 90.30% 389.58 15037 83.05% 93.39% 42.05 1512 48.15% 60.24% 32.48 1102 67.39% 80.73% 87.09 3205 94.24% 96.80% 2946.49 104922 79.60% 91.48% 9690.17 749249 95.59% 98.33% 12636.66 854171 91.32% 97.43%

Total Claims Benefit No. of Amount Policies 112.05 2767 100% 100% 281.07 9175 100% 100% 170.14 3094 100% 100% 266.96 14618 100% 100% 7.70 794 100% 100% 469.10 16102 100% 100% 87.35 2510 100% 100% 48.20 1365 100% 100% 92.41 3311 100% 100% 3701.39 114697 100% 100% 10137.09 761983 100% 100% 13838.48 876680 100% 100%

Claims intimated / booked Benefit No. of Amount Policies 103.86 2680 278.97 9169 163.41 3057 234.11 13568 7.41 766 437.71 15632 75.86 2290 47.87 1361 89.96 3274 3456.93 111288 9929.46 758331 13386.39 869619 Note: 1) First row across each insurer shows the absolute figures whereas second row shows percentage of the respective total claims.

Claims pending at start of the period Benefit No. of Amount Policies 8.19 87 2.09 6 6.74 37 32.84 1050 0.29 28 31.40 470 11.48 220 0.33 4 2.45 37 244.46 3409 207.63 3652 452.09 7061

Life Insurer Kotak Mahindra Old Mutual Max Life PNB Met Life Reliance Life Sahara SBI Life Shriram Star Union Tata AIA Private Total LIC Industry Total

36 November 2017 Life Insurance Today

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