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Top 24 Life Insurance Companies In India With The Latest Solvency Ratio - 2024

The complete list of life insurance companies in India. The solvency ratio of life insurers, claim settlement ratio of life insurers in India.

Frequently asked questions on the 24 life insurance companies in India

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LIC solvency ratio 2023

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The LIC solvency ratio or the Life Insurance Corporation solvency ratio as of the year 2023 is 1.87. This is the latest for the year 2024.

Max Life insurance solvency ratio

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Max Life Insurance company’s solvency ratio as of the year 2023 is 1.90

Aditya Birla Sun Life Insurance solvency ratio

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The Aditya Birla Sun Life Insurance company’s solvency ratio is 1.73 as of 2023.

What is the highest solvency ratio in India

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Bajaj Allianz Life Insurance Company has the highest solvency ratio with 5.81%

What is solvency ratio in insurance?

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Solvency ratio in insurance refers to the ability of an insurance company to meet its long-term financial obligations. It is a measure of the company's financial stability and its ability to continue operating without going bankrupt.

The minimum solvency ratio set by IRDAI is 1.5%.

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