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Life insurers paid Rs 3.3 lakh crore of benefits in FY19, a record high
Friday, December 27, 2019, 4:39 PM
The benefits paid by life insurance companies have touched a record high of Rs 3.3 lakh crore in FY19. Data from the Insurance Regulatory and Development Authority of India (IRDAI) reveals that the benefits paid to constitute 64.88 percent of the gross premium underwritten in 2018-19. The previous high was Rs 2.78 lakh crore of benefits paid in FY18.
Insurance
Life Insurance
IRDAI
Death Claim
Claims Settlement
Life Insurance Settlement
LIC Benefit
Insurance Withdrawal Benefit
Ulip Surrender
Uip
LIC Death Claim
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