ClaimRatioβCompare Insurers

Max Life Insurance·99.5%HDFC Life Insurance·99.4%Bajaj Allianz Life Insurance·99.1%Kotak Mahindra Life Insurance·98.8%LIC India·98.6%Tata AIA Life Insurance·98.5%ICICI Prudential Life Insurance·97.9%Aditya Birla Sun Life Insurance·97.5%PNB MetLife India Insurance·97.4%SBI Life Insurance·95.7%HDFC ERGO Health Insurance·100.0%Aditya Birla Health Insurance·95.5%ManipalCigna Health Insurance·91.8%Star Health and Allied Insurance·91.3%Niva Bupa Health Insurance·91.2%New India Assurance Company·91.1%Care Health Insurance·90.3%United India Insurance·90.2%Tata AIG General Insurance·89.4%Reliance General Insurance·88.7%ICICI Lombard General Insurance·88.2%Bajaj Allianz General Insurance·87.9%Future Generali India Insurance·86.3%Go Digit General Insurance·85.4%Acko General Insurance·84.1%Max Life Insurance·99.5%HDFC Life Insurance·99.4%Bajaj Allianz Life Insurance·99.1%Kotak Mahindra Life Insurance·98.8%LIC India·98.6%Tata AIA Life Insurance·98.5%ICICI Prudential Life Insurance·97.9%Aditya Birla Sun Life Insurance·97.5%PNB MetLife India Insurance·97.4%SBI Life Insurance·95.7%HDFC ERGO Health Insurance·100.0%Aditya Birla Health Insurance·95.5%ManipalCigna Health Insurance·91.8%Star Health and Allied Insurance·91.3%Niva Bupa Health Insurance·91.2%New India Assurance Company·91.1%Care Health Insurance·90.3%United India Insurance·90.2%Tata AIG General Insurance·89.4%Reliance General Insurance·88.7%ICICI Lombard General Insurance·88.2%Bajaj Allianz General Insurance·87.9%Future Generali India Insurance·86.3%Go Digit General Insurance·85.4%Acko General Insurance·84.1%

ICICI Prudential Life Insurance vs New India Assurance Company

On CSR alone: ICICI Pru Life leads with a higher claim settlement ratio in FY 2023-24. But CSR is one data point — also compare plans, premiums, and network before deciding.

Metric	ICICI Pru Life	New India Assurance
CSR 2023-24	97.90%	91.10%
Founded	2001	1919
HQ	Mumbai	Mumbai
Type	life	general

ICICI Pru Life — Strengths

+97.90% claim settlement ratio (2023-24)
+iProtect Smart is one of the most-bought term plans online
+Same-day policy issuance for healthy profiles

New India Assurance — Strengths

+Oldest and largest public sector general insurer — government-backed
+Mediclaim policy — one of India's most widely held health plans
+Accepted at virtually all government and major private hospitals
+Lower premiums compared to private sector equivalents
+Floater policies available for families at competitive rates

Full ICICI Pru Life review →Full New India Assurance review →