To let the cat out of the bag we can say that HDFC Standard has performed the best based on our analysis followed by ICICI Prudential and SBI Life are most efficient in claim settlement process. LIC is equally good but being a PSU; it has its own problems as at times one may have to put the weight to get the file moving else file may move at a snail's pace. As a thumb rule avoid new comers as they have to keep the insurance claims which have been accepted to bare minimum. Just check out Best 5 Insurance companies Outstanding Claim Analysis to get a better perspective here. Also you must check out 5 Worst Insurance Companies Based on Claims Rejection to get a wider picture.
This is a post based on study of a number of charts and is an honest opinion and we have not received any remuneration from any of these companies for publishing the post.
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