IRDAI Reports Life Insurers' Death Claim Settlement Rates for FY 2024-25

In FY 2024-25, India's life insurance industry settled 97.10% of individual death claims within 30 days, with private insurers slightly outperforming at 97.30%. Top performers like Aditya Birla Sun Life and HDFC Life achieved 100% settlement rates, while companies such as Canara HSBC and INDIAFIRST Life lagged behind. LIC settled 97.1% of over 8.23 lakh claims within the timeframe. These figures, released by IRDAI, highlight the efficiency of claim processing across insurers.