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Statistics
DURATION-WISE SETTLEMENT OF DEATH CLAIMS IN MICRO-INSURANCE -
INDIVIDUAL CATEGORY
(No. of Policies)
Insurer Duration
Private Within 30 Days 31 to 91 to 181 Days to More than Total Claims Settled
LIC of Intimation 90 Days 1 Year during 2013-14
Industry 180 Days 1 Year
3510 22 9 3562
98.54% 0.62% 20 1 0.25% 100.00%
0.56% 0.03%
12048 0 0 12048
100.00% 0.00% 0 0 0.00% 100.00%
0.00% 0.00%
15558 22 9 15610
99.67% 0.14% 20 1 0.06% 100.00%
0.13% 0.01%
Note: The percentages indicate the respective total claims settled.
DURATION-WISE SETTLEMENT OF DEATH CLAIMS IN MICRO-INSURANCE -
GROUP CATEGORY
(No. of Lives)
Insurer Duration
Private Within 30 Days 31 to 91 to 181 Days to More than Total Claims Settled
LIC of Intimation 90 Days 1 Year during 2013-14
Industry 180 Days 1 Year
1965 2088 0 4069
48.29% 51.31% 16 0 0.00% 100.00%
0.39% 0.00%
136778 1270 0 138048
99.08% 0.92% 0 0 0.00% 100.00%
0.00% 0.00%
138743 3358 0 142117
97.63% 2.36% 16 0 0.00% 100.00%
0.01% 0.00%
Note: The percentages indicate the respective total claims settled.
Source : IRDA Annual Report 2013-14
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36 June 2015 Life Insurance Today
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