Page 36 - Life Insurance Today OCTOBER 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 26 5 9.77% 1.88% 2 1 50.00% 25.00% 0 0 0 0 0 0 0 2 11.76% 0 0 1 0 3.03% 1 0 5.00% 0 0
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
Total
266
423
13
20
79
33
17
17
86
10
50
4
5
3
< 3 < 3 - < 6 mths mths 0 5 100.00% 0 10 100.00% 46 377 10.87% 89.13% 18 68 20.93% 79.07% 10 225 3.76% 84.59% 0 1 25.00% 0 13 100.00% 0 3 100.00% 0 17 100.00% 1 14 5.88% 82.35% 7 72 8.86% 91.14% 0 32 96.97% 0 19 95.00% 6 44 12.00% 88.00%
INDIVIDUAL DEATH CLAIMS FOR THE YEAR 2015-16
Claims pending at at end of the period Benefit No. of Amount Policies 1.37 5 3.21% 0.94% 3.20 10 2.27% 0.65% 31.73 423 7.20% 2.35% 7.55 86 10.48% 6.82% 24.14 266 8.70% 3.69% 0.59 4 1.80% 0.70% 0.73 13 3.89% 2.36% 0.08 3 0.49% 2.13% 1.11 17 1.37% 0.53% 0.79 17 2.45% 1.11% 27.25 79 6.30% 0.64% 8.24 33 1.79% 0.30% 1.32 20 2.49% 1.84% 3.64 50 5.54% 2.64%
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 --- --- 0.05 3.00 0.25% 0.55% 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 1.12 20 2.63% 3.75% 36.02 266 25.62% 17.37% 56.47 1140 12.82% 6.34% 13.66 166 18.97% 13.16% 37.40 566 13.48% 7.86% 2.25 36 6.83% 6.30% 4.29 74 22.72% 13.45% 2.13 18 13.04% 12.77% 27.96 327 34.62% 10.11% 5.50 132 17.07% 8.63% 105.07 540 24.29% 4.34% 46.70 386 10.14% 3.50% 8.40 145 15.82% 13.36% 20.75 482 31.56% 25.49%

Claims paid Benefit No. of Amount Policies 40.15 508 94.16% 95.31% 101.39 1255 72.11% 81.97% 352.46 16404 79.98% 91.30% 50.79 1009 70.55% 80.02% 215.97 6372 77.82% 88.45% 30.05 531 91.37% 92.99% 13.80 460 73.14% 83.64% 14.13 120 86.47% 85.11% 51.69 2889 64.01% 89.36% 25.93 1381 80.48% 90.26% 300.19 11811 69.41% 95.02% 405.63 10615 88.07% 96.20% 43.39 920 81.69% 84.79% 41.35 1359 62.90% 71.87%

Total Claims Benefit No. of Amount Policies 42.64 533 100% 100% 140.60 1531 100% 100% 440.67 17967 100% 100% 71.99 1261 100% 100% 277.51 7204 100% 100% 32.89 571 100% 100% 18.87 550 100% 100% 16.34 141 100% 100% 80.75 3233 100% 100% 32.22 1530 100% 100% 432.51 12430 100% 100% 460.57 11034 100% 100% 53.11 1085 100% 100% 65.74 1891 100% 100%

Claims intimated / booked Benefit No. of Amount Policies 42.54 532 138.54 1522 404.30 17343 68.70 1229 259.79 7062 30.51 553 16.45 495 15.31 135 76.60 3185 30.47 1492 378.96 12155 446.43 10938 49.55 1041 59.60 1809 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 0.10 1 2.07 9 36.36 624 3.29 32 17.72 142 2.38 18 2.41 55 1.03 6 4.15 48 1.75 38 53.55 275 14.14 96 3.56 44 6.14 82

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

36 October 2017 Life Insurance Today

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