According to the IRDAI Annual Report, life insurance companies paid out a total of Rs 48,512 crore in death claims for the year ending in March 2024, up from Rs 46,380 crore the previous year.

Irdai annual report for 2021-22: Premium for traditional products sees double-digit growth The share of unit-linked products in total premium marginally decreased to 14.47% in 2020-21, against 14. ...

Claims Ratio Non-life Insurers: According to the Annual Report 2023-24 of the Insurance Regulatory and Development Authority of India (Irdai), during 2023-24, the non-life insurance industry ...

According to the IRDAI annual report, during 2022-23, general and health insurers settled 2.36 crore health insurance claims, with the payouts amounting to Rs 70,930 crore.

According to IRDAI’s 2023-24 annual report, the system is designed to enhance access to data on regulatory actions while ensuring consistency across various categories of entities.

According to Irdai’s annual report for FY23, detailing grievance status as per the Bima Bharosa portal, the total number of grievances registered with life insurers stood at 124,293, with unfair ...

IRDAI’s Annual Report for the fiscal year 2022-23 (published in December 2023), had observed a 1.5% increase in unfair business practice grievances from customers on a year-over-year basis at ...

According to the data released in Irdai’s FY22 annual report, the claims repudiation ratio for LIC improved from 1. 8% in FY20. At the same time, for the private sector, it worsened from 2. 9% ...

According to the Annual Report 2023-24 of the Insurance Regulatory and Development Authority of India (Irdai), during 2023-24, the non-life insurance industry underwrote a total direct premium of ...

Death claims. According to the IRDAI Annual Report, life insurance companies paid out a total of Rs 48,512 crore in death claims for the year ending in March 2024, up from Rs 46,380 crore the ...