IRDAI Annual Report · FY2023-24

The number your
insurer forgot
to mention.

Claim Settlement Ratio tells you whether an insurer actually pays when you file a claim. We track it across 50+ insurers, every year, straight from IRDAI's annual reports — free, no login required.

See All Rankings →Compare Two Insurers
Source: IRDAI Annual Reports, 2019–24
Life Insurance CSR RankingsFY24
1
Max Life Insurance
Private · Life Insurance
99.5%
CSR FY24
2
HDFC Life Insurance
Private · Life Insurance
99.4%
CSR FY24
3
Bajaj Allianz Life Insurance
Private · Life Insurance
99.1%
CSR FY24
4
Kotak Mahindra Life Insurance
Private · Life Insurance
98.8%
CSR FY24
5
LIC India
Private · Life Insurance
98.6%
CSR FY24
6
Tata AIA Life Insurance
Private · Life Insurance
98.5%
CSR FY24
View all 24 life insurers →
50+
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IRDAI
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Why CSR is the one number to check

Most insurance ads lead with premium cost. But a cheaper policy from an insurer that rejects 1 in 10 claims costs more than a slightly pricier one that pays 99 out of 100. The claim settlement ratio — published by IRDAI every year — is the only public signal of how an insurer behaves when you actually need it.