{"id":55689,"date":"2025-09-18T13:18:19","date_gmt":"2025-09-18T07:48:19","guid":{"rendered":"https:\/\/prevalentindia.in\/index.php\/2025\/09\/18\/bandhan-life-reports-99-73-claim-settlement-ratio-setting-industry-benchmark-for-reliability\/"},"modified":"2025-09-18T13:18:19","modified_gmt":"2025-09-18T07:48:19","slug":"bandhan-life-reports-99-73-claim-settlement-ratio-setting-industry-benchmark-for-reliability","status":"publish","type":"post","link":"https:\/\/prevalentindia.in\/index.php\/2025\/09\/18\/bandhan-life-reports-99-73-claim-settlement-ratio-setting-industry-benchmark-for-reliability\/","title":{"rendered":"Bandhan Life Reports 99.73% Claim Settlement Ratio, Setting Industry Benchmark for Reliability"},"content":{"rendered":"
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Kolkata (West Bengal) [India], September 18:<\/b> Bandhan Life Insurance<\/span><\/a>, the life insurance arm of Bandhan Group, reported a claim settlement ratio of 99.73% for the fiscal year 2024-2025, positioning itself as one of the most dependable insurers in the country. This figure represents the proportion of claims paid out to policyholders\u2019 families and serves as a critical indicator of a company\u2019s commitment to ensuring their financial security.<\/span><\/p>\n

\u201cOur objective has always been to create a seamless and empathetic claims process,\u201d said Satishwar B., MD & CEO of Bandhan Life Insurance. \u201cWe have consistently maintained a high claim settlement ratio \u2014 last year it was 99.66% and this year it has gone up to 99.73%. This achievement reflects our robust operational efficiency and, more importantly, our unwavering commitment to being there for families in their time of greatest need.\u201d<\/span><\/p>\n

For consumers, the Claim Settlement Ratio is an important factor to consider after assessing their own coverage needs. \u201cWhile a smooth buying experience and competitive premiums are important, we urge consumers to look deeper at an insurer\u2019s ability to honour claims quickly and fairly,\u201d Satishwar added.<\/span><\/p>\n

This announcement comes at a time when prospective buyers are increasingly looking beyond advertised benefits to assess insurer\u2019s performance, the claim settlement ratio has emerged as a decisive factor in purchase decisions. Bandhan Life\u2019s consistently high claim settlement performance further reinforces its position as a trusted name in life insurance.<\/span><\/p>\n

Alongside this achievement, Bandhan Life has expanded its bouquet of products over the year.\u00a0 The company launched several new products across par, non-par, ULIP like <\/span>iInvest Advantage<\/span><\/a>, annuity, and term insurance with return of premium categories \u2014 all designed to cater to a wide range of financial goals and life stages.<\/span><\/p>\n

This focus on innovation and customer-centricity aligns with Bandhan Life\u2019s mission of making insurance more accessible, relevant, and impactful for Emerging India.<\/span><\/p>\n

With nearly 95% of India\u2019s population still underinsured, Bandhan Life is committed to closing the protection gap. Guided by the promise of \u201cBharat ki Udaan, Bandhan Se,\u201d the company is leveraging state-of-the-art technology and simplified processes to reach more Indians with affordable, easy-to-understand insurance solutions.<\/span><\/p>\n

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Kolkata (West Bengal) [India], September 18: Bandhan Life Insurance, the life insurance arm of Bandhan Group, reported a<\/p>\n","protected":false},"author":1,"featured_media":55690,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[575],"class_list":["post-55689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/posts\/55689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/comments?post=55689"}],"version-history":[{"count":0,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/posts\/55689\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/media\/55690"}],"wp:attachment":[{"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/media?parent=55689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/categories?post=55689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prevalentindia.in\/index.php\/wp-json\/wp\/v2\/tags?post=55689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}