*Death Claims settlement* - *Reality Check*

🚩 *Death Claims settlement* -

*Reality Check* 

🎈 *Death Claims settled by LIC* :

*2018-19* -Rs 17,128.84 Crores

*2019-20* :Rs 17,693 Crores

*2020-21* : Rs  23926.89 Crores

*2021-22* :Rs 35,720 Crores(Impact of Covid )

*2022-23*: Rs 23,423 Crores

*As per IRDA Reports*

@ *All the private life insurance companies had together settled* 

*1.50 lakh death claims vs 9,33,889 Death claims settled by LIC in 2020-21*

@ *Total Pvt Life Insurance companies  settled 2.37 lakh death claims while LIC alone settled 13.49 lakh death claims in 2021-22*

@ *Total Pvt Life Insurance companies settled around 1.8 lakh death claims where as  LIC alone settled 10.71 lakh death claims in 2022-23*

🎯 *Hence , It is obvious that LIC settles death claims almost 6 times to that of settlement of claims by all 23 private insurance companies*

@ *On an average each Private Insurance Company settles less than 20,000  death claims (Except SBI life ) vs Average 10 Lakh Death Claims settlement per year  by LIC*

@ *Still private insurance companies hiked the Term Insurance premiums ,where as LIC didn't hike the Premiums despite huge number of claims & Volume*

*This is the sterling world Class Claims Performance of LIC ,beating it's own records every year*.

⛳ *Is there any Life Insurance Company in the Country & In the World  which settles more claims than LIC* ?

*The answer is "NO*" 

*Hence,We Appeal to People*

 " *Save in LIC* - *Strengthen LIC* - *Safeguard your Family*

*Hail LIC*🎈🎈