Tata AIA Life Insurance achieved a 99.13% claim settlement ratio in FY 2023-24, reflecting its strong claims processing.

The latest unemployment claims to civilian labor force ratio of 0.13% means that out of 10,000 workers, 13 made an initial application for unemployment insurance payments in the latest data.

What about continued claims? Here is the ratio to the civilian labor force. The record low of 0.824% was reached in June 2022 but has been trending upwards ever since with the latest ratio at 1.102%.

N et incurred claims to net earned premium (claims ratio) of non-life insurance industry stood at 82.52 per cent during 2023-24 as against 82.95 per cent in the preceding fiscal year, as per the ...