ClaimRatioIndiaCalculate

Bajaj Allianz Life Insurance

Est. 2001Punelife insurer
CSR 2023-24
99.07%
Excellent
Complaints FY 2022-23
4.12
per 10K policies
98.8% disposal rate
Source: IRDAI Annual Report 2022-23
A joint venture between Bajaj Finserv and Allianz SE, this insurer offers competitive term rates and one of the widest rider selections in the market.

Claim settlement ratio history

Financial YearCSR %Claims SettledRatingSource
2023-2499.07%18,740ExcellentIRDAI Annual Report 2023-24
2022-2398.48%17,932GoodIRDAI Annual Report 2022-23

Strengths

  • +99.07% claim settlement ratio (2023-24)
  • +Large rider menu for customising cover
  • +Good value on monthly premium payment terms

Limitations

  • -Online portal usability lags behind digital-first competitors
  • -Medical tests required for lower sum assured than peers

How to file a claim

Claims accepted online, at branches, or via the Caringly Yours app. Standard claims settled within 30 days.

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