What is ABSLI claim settlement ratio?

Aditya Birla Sun Life Insurance's claim settlement ratio is 97.47% for FY 2023-24, sourced from IRDAI annual reports.

Is ABSLI reliable for claim settlement?

Yes. Aditya Birla Sun Life Insurance has a 97.47% CSR (FY 2023-24), well above the industry average of ~90%.

How to file a claim with ABSLI?

To file a claim with Aditya Birla Sun Life Insurance: (1) Notify the insurer within the stipulated time frame, (2) Submit claim form with required documents, (3) The insurer must settle within 30 days per IRDAI guidelines. Contact the insurer's toll-free number or visit their branch for assistance.

ClaimRatioβCompare Insurers

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Life Insurance · IRDAI Data

Aditya Birla Sun Life Insurance

ABSLI is part of the Aditya Birla Capital group, one of India's largest financial conglomerates. It offers guaranteed return plans alongside pure term products.

LIFECSR 97.47% · FY2023-24Mumbai

CSR FY2023-24

97.5%

8,834 settled

CSR History

Year	CSR %	Claims Settled	Source
FY2023-24 LATEST	97.47%	8,834	IRDAI Annual Report 2023-24
FY2022-23	96.77%	8,234	IRDAI Annual Report 2022-23

Pros & Cons

Pros

✓97.47% claim settlement ratio (2023-24)
✓Guaranteed return saving plans for low-risk buyers
✓Strong distribution via Axis Bank and Birla branches

Cons

✕Term premiums are above average in 40+ age bracket
✕App reviews show mixed experiences for policy servicing

Complaint Data

Complaints / 10K

3.47

FY2022-23

Grievance Disposal

99.1%

How does ABSLI compare?

Side-by-side CSR, complaints, and grievance data.

Compare ABSLI →