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Key Takeaways
The Claim Settlement Ratio shows the percentage of claims settled by an insurance company out of the total claims received in a financial year A high CSR means the insurer has historically settled a larger proportion of claims, signalling trustworthiness
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Making Claim Settlement Easy for Your Beneficiaries
The claim settlement ratio of a life insurance company tells you about the number of claims paid by the insurance company compared to the total number of claims they have received in a particular year. It is measured by the equation “Total claims paid / Total claims received”. Simply put, the claim paid ratio or the settlement ratio can be one of the statistics to rely on while choosing the right life insurance company to invest with.