Page 34 - Life Insurance Today December 2017

Statistics

(Benefit Amount in Rs. crore) Break up of claims pending -- duration wise (Policies) > 1 yr 6 - < 1 yr 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12414 1 99.89% 0.01% 0 0 5 0 0 0 4 0 13.79% (Source : IRDAI Annual Report 2015-16)
12428
100%
100%
100%
100%
100%
100%
100%
100%
Total
0%
0%
0%
0%
0%
0%
29
48
11
99
0
3
0
0
0
0
6
0
1
< 3 < 3 - < 6 mths mths 0 0 0 0 3 96 3.03% 96.97% 0 6 100.00% 0 0 0 1 100.00% 1 47 2.08% 97.92% 0 3 100.00% 0 0 3 10 0.02% 0.08% 0 0 0 6 45.45% 54.55% 0 0 1 24 3.45% 82.76%
Claims pending at at end of the period Benefit No. of Amount Policies 0 0 - - 0 0 0.00% - 8.64 99 1.67% 0.07% 0.71 6 4.58% 2.87% 0.00 0 0.00% - 0.30 1 5.54% 0.18% 3.09 48 5.07% 0.30% 0.02 3 0.15% 0.24% 0.00 0 0.00% - 22.65 12428 47.84% 98.43% 0.00 0 0.00% - 2.34 11 2.81% 0.58% 0.46 0 2.41% - 1.39 29 1.18% 0.45%
GROUP DEATH CLAIMS FOR THE YEAR 2015-16
Claims written back Benefit No. of Amount Policies 0.00 0 - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0 - - 0.00 0 - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0 - - 0.00 0 - -
Claims repudiated / rejected Benefit No. of Amount Policies 0.00 0 - - 0.09 7 0.84% 0.34% 23.22 1595 4.48% 1.06% 2.32 28 15.01% 13.40% 0.33 3 0.29% 0.13% 0.72 15 13.47% 2.77% 4.60 176 7.54% 1.10% 0.00 0 - - 0.08 1 0.32% 0.14% 0.00 0 - - 8.89 72 7.72% 0.52% -0.41 -3 -0.49% -0.16% 0.30 3 1.55% 0.17% 8.10 288 6.84% 4.42%

Claims paid Benefit No. of Amount Policies 0.09 1 100.00% 100.00% 10.76 2068 99.16% 99.66% 486.44 148840 93.85% 98.87% 12.45 175 80.41% 83.73% 112.97 2309 99.71% 99.87% 4.33 525 80.99% 97.04% 53.29 15733 87.39% 98.60% 10.90 1269 99.85% 99.76% 23.61 697 99.68% 99.86% 24.69 198 52.16% 1.57% 106.33 13742 92.28% 99.48% 81.12 1876 97.68% 99.58% 18.43 1753 96.04% 99.83% 108.91 6197 91.98% 95.13%

Total Claims Benefit No. of Amount Policies 0.09 1 100% 100% 10.85 2075 100% 100% 518.30 150534 100% 100% 15.48 209 100% 100% 113.29 2312 100% 100% 5.35 541 100% 100% 60.98 15957 100% 100% 10.92 1272 100% 100% 23.68 698 100% 100% 47.34 12626 100% 100% 115.22 13814 100% 100% 83.05 1884 100% 100% 19.19 1756 100% 100% 118.40 6514 100% 100%

Claims intimated / booked Benefit No. of Amount Policies 0.09 1 10.85 2075 509.14 150211 15.48 209 113.29 2312 5.35 540 58.73 15525 10.74 1264 23.68 698 29.23 191 115.22 13814 81.09 1876 19.06 1755 117.30 6486 Note: 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 0.00 0 0.00 0 9.16 323 0.00 0 0.00 0 0.00 1 2.25 432 0.18 8 0.00 0 18.12 12435 0.00 0 1.96 8 0.13 1 1.10 28

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

34 December 2017 Life Insurance Today

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