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LIC: Looking to buy a policy? Check claim settlement ratio
LIC received claims from 7,58,916 policies in FY20, out of which 7,33,809 were settled. The claims value stood at Rs 13,694.34 crore.
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LIC settles 2.22 crore claims worth Rs 1.35 lakh crore this fiscal
Last year, as of March 31, 2020, LIC's claim settlement ratio was at 96.69% compared to 97.79% as of March 31, 2019
