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ANNUAL REPORT 2011-12
TABLE I.54
GROUP DEATH CLAIMS UNDER MICRO INSURANCE PORTFOLIO
(Benefi t Amount in ` lakh)
Insurer
Total Claims
Payable
Claims
paid
Claims repudiated
Claims
written back
Claims pending as
on March 31, 2012
No. of
Lives
Benefit
Amount
No. of
Lives
Benefit
Amount
No. of
Lives
Benefit
Amount
No. of
Lives
Benefit
Amount
No. of
Lives
Benefit
Amount
Private 5920
(100.00)
LIC 124890
(100.00)
Total 130810
(100.00)
1173.88
(100.00)
40574.70
(100.00)
41748.58
(100.00)
5840
(98.65)
124421
(99.62)
130261
(99.58)
1165.14
(99.26)
40432.13
(99.65)
41597.27
(99.64)
49
(0.83)
0
(0.00)
49
(0.04)
3.93
(0.34)
0.00
(0.00)
3.93
(0.01)
17
(0.29)
0
(0.00)
17
(0.01)
2.47
(0.21)
0.00
(0.00)
2.47
(0.01)
14
(0.24)
469
(0.38)
483
(0.37)
2.34
(0.20)
142.57
(0.35)
144.91
(0.35)
Note: Figures in brackets show percentage of the respective total claims.
TABLE I.55
DURATION-WISE SETTLEMENT OF DEATH CLAIMS IN MICRO INSURANCE – INDIVIDUAL CATEGORY
(No. of Policies)
Insurer
Duration
Within 30 Days
of Intimation
31 to 90 Days 91 to 180 Days 181 Days to 1
Year
More than 1
Year
Total Claims
Settled
Private 4633
(92.40)
369
(7.36)
11
(0.22)
1
(0.02)
0
(0.00)
5014
(100.00)
LIC 9499
(100.00)
0
(0.00)
0
(0.00)
0
(0.00)
0
(0.00)
9499
(100.00)
Industry 14132
(97.37)
369
(2.54)
11
(0.08)
1
(0.01)
0
(0.00)
14513
(100.00)
Note: Figures in brackets show percentage of total claims settled.
TABLE I.56
DURATION WISE SETTLEMENT OF DEATH CLAIMS IN MICRO INSURANCE - GROUP CATEGORY
(No. of Lives)
Insurer
Duration
Within 30 Days
of Intimation
31 to 90 Days 91 to 180 Days 181 Days to 1
Year
More than 1
Year
Total Claims
Settled
Private 5295
(90.67)
538
(9.21)
5
(0.09)
1
(0.02)
1
(0.02)
5840
(100.00)
LIC 118687
(95.39)
5734
(4.61)
0
(0.00)
0
(0.00)
0
(0.00)
124421
(100.00)
Industry 123982
(95.18)
6272
(4.81)
5
(0.00)
1
(0.00)
1
(0.00)
130261
(100.00)
Note: Figures in brackets show percentage of total claims settled.
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