Claim Settlement Ratio for Term Insurance by IRDA : 2020-2021

IRDAI has announced the Claim Settlement Ratio for 2020-2021 in Dec 2021. This is valid as most recent till Dec 2022, when the next year’s data will be published by the Regulator. If you are looking for a term insurance plan, you MUST know the IRDAI Claim Settlement Ratio (CSR) before making the decision. At this point, we must tell you that in spite of the fact that overall CSR is NOT the best way to decide on your term insurance plan, you cannot ignore it because it is one of the best available indicators as of today.