Aditya Birla group's life insurance arm Birla Sun Life Insurance is the best at claim settlement among other private life insurers in the country, according to the 2007 survey by US-based Life Office Management Agency (LOMA).

In claims management, the company excels in settlement of death and rider claims in all categories according to the insurance and financial services research firm, Birla Sun Life said in a communique issued here today.

Moreover going by the provided company figures, number of outstanding claims for the life insurer have decreased over the four years to 0.41 per cent of the total claims in 2006-07 from 3.14 per cent in 2003-04.

"In life insurance, claims is the key area of service. We are happy to note that Birla Sun Life Insurance excels on this core parameter," said the company CEO Vikram Mehmi.

Birla Sun Life is a Rs 1,000-crore company based on its capital as on December 3, 2007. It is a joint venture between the Aditya Birla group and international insurance services firm Sun Life Financial.
Source - Economic Times

TOP