Insurance & Risk
CSR vs ICR: How to Evaluate Indian Insurance Companies
Verified Indian financial mathematics, statutory regulations, and step-by-step actionable breakdowns.
myfinedu Research Desk 2026-02-15 6 min read
Executive Summary & Key Takeaways
- •For Term Insurance: Look for Claim Settlement Ratio (CSR) consistently above 98% for 5+ years.
- •For Health Insurance: Evaluate Incurred Claim Ratio (ICR) — ideal range is 65% to 85%.
- •ICR below 50% indicates aggressive claim rejections; ICR above 95% indicates potential future premium spikes.
Decoding IRDAI Annual Disclosure Reports
Every year, the Insurance Regulatory and Development Authority of India (IRDAI) releases official claim statistics for life and general insurance companies. Understanding these numbers helps you pick rock-solid insurers.
Frequently Asked Questions
Section 45 mandates that after a life insurance policy has been in force for 3 consecutive years, no insurer can reject a death claim on any ground whatsoever, including non-disclosure of medical facts.
Test the Mathematics Yourself
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