Bandhan Life Reports 99.73% Claim Settlement Ratio, Setting Industry Benchmark for Reliability

For consumers, the Claim Settlement Ratio is an important factor to consider after assessing their own coverage needs. “While a smooth buying experience and competitive premiums are important, we urge consumers to look deeper at an insurer’s ability to honour claims quickly and fairly,” Satishwar added.

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

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

This focus on innovation and customer-centricity aligns with Bandhan Life’s mission of making insurance more accessible, relevant, and impactful for Emerging India.

With nearly 95% of India’s population still underinsured, Bandhan Life is committed to closing the protection gap. Guided by the promise of “Bharat ki Udaan, Bandhan Se,” the company is leveraging state-of-the-art technology and simplified processes to reach more Indians with affordable, easy-to-understand insurance solutions.

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