Irdai notifies death claim settlement ratio of insurers for FY21: Check details1 min read . Updated: 05 Jan 2022, 01:13 PM IST
- Higher claim settlement ratio depicts the credibility by showcasing that the insurance company has successfully settled a majority of claims raised by their customers
The primary aim of buying a life insurance plan is to ensure financial security for the members of a family in case of the death of the breadwinner. A life insurance plan is calculated on the basis of future goals, inflation and other day-to-day requirements. Life insurance helps fulfil commitments through sufficient availability of funds despite any casualty.
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