The claim settlement ratio showcases the total number of claims being settled by an insurance company. Every year, the Insurance Regulatory and Development of India (IRDAI) releases the CSR of every insurer in its annual report.
In the financial year of 2022-23, Aditya Birla reported a CSR of 98.12%, higher than their last financial year's CSR, which was 98.07%.
Following are the reasons one should know CSR before purchasing Aditya Birla's term plan:
Below are the last five data of Aditya Birla's term plan CSR:
Year | CSR |
2021-2022 | 98.07% |
2020-2021 | 98.04% |
2019-2020 | 97.54% |
2018-2019 | 97.15% |
2017-2016 | 96.38% |
The following are steps for settling the claim of Aditya Birla claim settling:
Reason of death | Documents |
Natural death( Early time-period) |
|
Natural death(Non- early time period) |
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Unnatural death(Accident etc.) |
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Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.
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