WHY LIC is the BEST insurance organisation or others one in India? How can one find it? Its always suggestible to see CLAIM settlement ratio of that insurance company which is available on IRDAI website.Here we will see the Claim Ratio of Pvt or LIC of India.
IRDA’s Annual Report on DEATH CLAIM Settlement has been published in their WEBSITE. According to that Report, LIC has settled 99.57% of DEATH CLAIMS booked totalling 12,872 Crores which is the HIGHEST in not only INDIA but inthe entire WORLD. Individual Number of Claims settled by LIC is 7,34,328.
The IRDA Report shows this fact Very Clearly. Almost all the Private Life Insurance Companies settle SMALLER SUM ASSURED and rejects HIGHER SUM ASSURED cases. See the following:
AVERAGE SA 
REPUDIATION:
HDFC: 49.25 Lacs
ICICI: 40.62 Lacs
TATA AIG: 24 Lacs
BIRLA SUN LIFE: 16.66 Lacs
PNB LIFE: 15.28 Lacs
MAX NEWYORK: 13.9 Lacs
LIC is LIC; ALWAYS THE BEST in anything & everything (including CLAIM SETTLEMENT). Send this Poster to all your Clients and ask them to take Policy with LIC only for PEACE OF MIND.