Distribution - Number of branches pan India (March 2019)
269
Entry Age Minimum/Maximum (Years)
18 / 60
Sum Assured Minimum / Maximum
10 lacs / Unlimited
Policy Term Minimum / Maximum (Years)
10 / 50
Solvency Ratio (FY 2018-19) *
2.42
Number of Policies Sold (Ind+Group) **
527,601
Number of Lives Covered (Ind+Group) **
6,438,358
Claims Settlement Ratio (Ind+Group) ***
99.22%
* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes.
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20 | *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published
