16 Jul, 09:04 - Indian

SENSEX 80814.91 (0.19)

Nifty 50 24586.7 (0.00)

Nifty Bank 52455.9 (0.00)

Nifty IT 38911.35 (0.00)

Nifty Midcap 100 57664.45 (0.00)

Nifty Next 50 74367.35 (0.00)

Nifty Pharma 20844.55 (0.00)

Nifty Smallcap 100 19047.7 (0.00)

16 Jul, 09:04 - Global

NIKKEI 225 41364.86 (0.42)

HANG SENG 17769.93 (-1.37)

DOW JONES 40211.72 (0.53)

S&P 5631.22 (0.28)


Insurance News

You are Here : Home > News > Insurance News >

(07 May 2024, 15:59)

ICICI prudential life insurance pays Rs 1,867 crore for death claims in FY24



ICICI Prudential Life Insurance on Tuesday said it settled 99.17 per cent of death claims in just 1.27 days, with a total payout of Rs 1,867 crore in 2023-24.

ICICI Prudential Life Insurance in a statement said "The claim settlement ratio of ICICI Prudential Life stood at 99.17% in FY2024, one of the best in the industry. Significantly, the average turnaround time taken to settle a genuine death claim was just 1.27 days.

For the fiscal year ended in March 2024, the company paid a total of Rs 1,867 crore in death claims, The Insurer added.

The company's claim settlement ratio for the June quarter of FY24 was 97.94 per cent, for the September quarter at 98.14 per cent and for the December quarter at 98.52 per cent.

The Insurer further said, i...

More News