When you're exploring life insurance, one number can make all the difference—the claim settlement ratio. And Bajaj Life Insurance has consistently proven its trustworthiness. Bajaj Life Insurance has earned its reputation by consistently delivering on its promise—ensuring families receive the financial support they deserve.
Now’s the time to move beyond research—calculate your premium, explore your options, and choose a life insurance cover that puts your family’s future first.
Understanding the claim settlement ratio in life insurance
A claim settlement ratio (CSR) reflects the percentage of claims an insurer pays out versus the number of claims received in a financial year. For example, if an insurer has a CSR of 98%, it means 98 out of 100 claims were honoured, showing their reliability when it matters most—during payout.
This ratio isn't just a stat—it's your peace of mind.
Why this metric is your trust signal:
Trust: High claim settlement ratio indicates an insurer keeps promises
Future pacing: Shows the probability that your family’s claim will be honoured
Authority bias: Regulators like IRDAI rely on this stat to monitor insurance providers
Decision making: Helps you choose a life insurance provider that delivers, not just markets
Before choosing a policy, don’t just compare features—compare claim performance. Bajaj Life’s consistent numbers speak louder than words.
Life insurance covers your family’s future—debts, income, education, and more. Check plans to get clarity, compare plans, and choose the most suitable coverage for your needs. Get Quote!
Bajaj life insurance settlement ratio: Performance over the last 5 years
Bajaj Life Insurance has maintained a commendably high claim settlement ratio year after year, a sign of consistency, dependability, and customer focus.
This stability has made it a preferred insurer among returning users, like yourself—those who don't settle for less when protecting their loved ones.
Let’s look at the figures:
FY 2020-21: 98.48% – Amid pandemic uncertainties, the insurer stayed reliable.
FY 2021-22: 98.02% – Despite rising claims, high integrity maintained.
FY 2022-23: 99.02% – One of the highest in the industry, indicating strong claim processes.
FY 2023-24: 99.23% – Consistency with increased claim volumes.
FY 2024-25 (Preliminary): 99.29% – Provisional figures show continued strength.
Why this consistency matters:
Social proof: Backed by lakhs of successful claims across India
Comparison trigger: Outperforms many peers in the same segment
Gain messaging: High CSR means less risk, more assurance
Ready to align your plan with a high-trust insurer? Get a quote now to secure your family today!
