Industry

Max Life FY21 death claims surge 33%

Max Life Insurance on Tuesday reported a 33% jump in death claim settlements to more than ₹885 crore for FY21.

The private sector insurer said its claim settlement ratio also touched an all-time high at 99.35% during the year. It represents the ratio of the number of claims paid against the number of claims filed during a particular time-frame.

Max Life Insurance has paid 19,922 death claims worth ₹885.57 crore during the financial year 2020-21. With this, the company said it had achieved an all-time high individual death claims paid ratio of 99.35.


Our code of editorial values

This article is closed for comments.
Please Email the Editor

Printable version | Jul 27, 2021 11:22:44 PM | https://www.thehindu.com/business/Industry/max-life-fy21-death-claims-surge-33/article34824738.ece

Next Story