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How each kind of cover works, what to check before you buy, and how every insurer in India actually handles claims, straight from the regulator IRDAI.

TLTermPure life coverH+HealthHospital billsLSLife savingsEndowment, ULIP, pensionMTMotorCar and bikeTRTravelTrips in India and abroadHMHomeBuilding and contentsBZBusinessFire, marine, liabilityAZInsurersAll 62, A to ZRTYour rightsClaims and complaints%Claims dataEvery insurer, FY 2024-25VSCompareTwo or three insurersRsToolsIDV, claim ratio

Check any insurer’s claim record

Claims paid, claims refused, complaints and solvency for every insurer in India, with five years of history, from IRDAI. No phone number, no sign-up.

We do not sell, quote or pass on anything. Or browse all insurers A to Z

Claims across India, FY 2024-25

97.82%Life death claims paid, by number10,11,880 of 10,34,455
96.29%Life death claims paid, by amountRs 33,697 cr of Rs 34,995 cr
81.19%General and health claims paid, of decided6,63,78,994 of 8,17,60,147
86.98%Health incurred claim ratioClaims incurred as a share of premium earned

Sum of individual insurers in IRDAI Handbook 2024-25, Tables 15, 53 and 62. Every insurer side by side: claims data. Pick two or three: compare insurers.

What to check in any policy

Sum insured or coverThe most the policy pays. Work it out from your needs, not the premium.
ExclusionsWhat the policy will never pay for. Listed in the policy wording.
Waiting periodsTime before some cover starts, common in health policies.
Co-pay and deductiblesThe part of each claim you pay yourself.
Claim processCashless or reimbursement, documents, time limits to inform the insurer.
Insurer recordClaims paid and refused, complaints and solvency, on each insurer page here.

Policyholder rights

Free-look, grace period, revival, portability and complaintsHow to make a claim: IRDAI guideComplain to IRDAI: Bima Bharosa

Frequently asked questions

Do you sell insurance or take my number?

No. We do not sell, quote or pass on anyone’s details. This section explains insurance and shows the regulator’s figures.

Where do the claim numbers come from?

From IRDAI’s Handbook on Indian Insurance Statistics 2024-25. Every insurer page names the table and shows how each percentage is worked out.

Why are insurers listed A to Z and not ranked?

We do not rate or rank insurers or plans. Read each insurer’s own record and decide for yourself.

Is a high claim-paid percentage enough to choose an insurer?

No. Look at it beside claims refused, claims by amount for life insurers, complaints and solvency, and over several years. Each insurer page shows five years.

How do I complain about my insurer?

First write to the insurer’s grievance officer. If unresolved, use IRDAI’s Bima Bharosa portal, then the Insurance Ombudsman.

Education only. MyFinanceBandhu is not an insurer, insurance broker or web aggregator, does not sell, quote or recommend insurance, and earns nothing from it. Insurers are listed A to Z, never ranked. Claim figures come from IRDAI’s Handbook on Indian Insurance Statistics 2024-25. Your policy wording is what decides any claim: read it before you buy. Complaints: insurer’s grievance officer, then IRDAI’s Bima Bharosa, then the Insurance Ombudsman.