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Max Life Insurance claims paid ratio at an all-time high of 99.22%

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Max Life Insurance on Tuesday said that it paid 15,342 death claims amounting to ₹563 crore in the financial year 2019-20. The insurance company thus achieved an all-time high individual death claims paid ratio of 99.22% in the last five years.

The company said it has consistently improved its claims paid ratio in the last five years to breach the remarkable 99% mark this financial year.

Since inception, Max Life has paid individual death claims of ₹3,238 crore to family members of its 1.12 lakh policyholders.

In FY 19-20, out of a total 15,463 death claims received, only 120 were rejected and one case was pending for closure at the end of the financial year. "Our commitment to our customers has been validated by our consistency in

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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