LIC Claims Settlement Ratio 2025 – Is LIC Trustworthy?

LIC's Claim Settlement Ratio – The Numbers

LIC settles 98.45% of all death claims — the highest among all life insurers in India. This means only 1.55% of valid claims are rejected, usually due to documentation issues or fraudulent claims.

Why LIC Wins on Claims: Government backing (LIC Act 1956 guarantees policies). 65+ years of operations. Network of 1,300+ branch offices across India. Dedicated claims processing team.

For comparison, private insurers average 95-97% settlement ratio. LIC's 98.45% is industry-leading and a major reason for trusting LIC.