Best Insurance Company in India for Claim Processing

We will not take through all sort of legal jargon or charts or will not get you into tongue twister terminology. We will provide you a simple and straight forward answer based on best 5 companies in settling claims or worst 5 companies in settling claims. Besides that we have taken into the consideration that how much time is taken by the company to settle a claim and last but not least the outstanding claim analysis. We will suggest that you must go through this link to get a fresh perspective for top companies in settling claim which has been given with a different perspective.

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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