Sun, Oct 11, 2026 | UPDATED 08:03 UTC
Business News
Sep 29, 2026
Mumbai (Maharashtra) [India], September 29: ICICI Prudential Life Insurance has declared a claim settlement ratio of 99.31% for Q1-FY2027, the highest among top life insurance companies in India based on the public disclosures (Form L-39 and L-40). During the quarter, the Company settled individual death claims amounting to ₹414.08 crore. Notably, the Company's average value per claim was ~₹15 lakh, the highest among the leading life insurers for Q1-FY2027.Mr. Sarang Gokhale, Chief - Underwriting and Retail Claims, ICICI Prudential Life Insurance, said: "At ICICI Prudential Life, we are committed to making the claims process simple, seamless and timely for our customers and their families. In Q1-FY2027, our claim settlement ratio was highest in the industry at 99.31% and our average claim settlement turnaround time for non-investigated claims was just 1 day from last document received date. Besides, we settled ₹414.08 crore in death claims.
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