Mumbai/Delhi, January 28, 2020: As per the latest IBAI (Indian Brokers Association of India) report, Liberty General Insurance ranked #1 for its claim settlement ratio, and claim settlement efficiency ratio which stood at 82.54 percent and 87.64 percent respectively among the Small Private Sector General Insurers in India.
1) The highest claims settlement ratio
Liberty General Insurance had Claims Settlement ratio 82.54% for the year ending March 31, 2019. Number of Claims available for processing for the year ended March 31, 2019 were 1,58,223
2) The highest claims settlement efficiency ratio
Liberty General Insurance had Claims Settlement Efficiency Ratio 87.64% for the year ended March 31, 2019. Number of Claims available for processing for the year ended March 31, 2019 were 1,58,223