Insurance
What is Claim Settlement Ratio (CSR)? — Meaning, Definition & Example
Definition
CSR is the percentage of claims settled by an insurance company out of the total claims received in a year. Higher CSR indicates better claim settlement track record. Published annually by IRDAI. A CSR above 95% is considered good for term insurance.
💡 Real Example
LIC has a CSR of 98.7%, meaning out of 100 claims filed, they settle approximately 99. Compare this before buying any life insurance policy.
🇮🇳 Claim Settlement Ratio (CSR) in Hindi / हिंदी में
क्लेम सेटलमेंट रेशियो — CSR किसी बीमा कंपनी द्वारा एक वर्ष में प्राप्त कुल क्लेम में से निपटाए गए क्लेम का प्रतिशत है।
Claim Settlement Ratio (CSR) (Hinglish) — CSR wo percentage hai ki insurance company ne ek saal mein total claims mein se kitne settle kiye. 95% se upar CSR good maana jaata hai.
❓ Frequently Asked Questions
What is Claim Settlement Ratio (CSR) in simple words?
CSR is the percentage of claims settled by an insurance company out of the total claims received in a year. Higher CSR indicates better claim settlement track record. Published annually by IRDAI. A CSR above 95% is considered good for term insurance.
Can you give an example of Claim Settlement Ratio (CSR)?
LIC has a CSR of 98.7%, meaning out of 100 claims filed, they settle approximately 99. Compare this before buying any life insurance policy.
What is Claim Settlement Ratio (CSR) meaning in Hindi?
In Hindi, Claim Settlement Ratio (CSR) is called क्लेम सेटलमेंट रेशियो. CSR किसी बीमा कंपनी द्वारा एक वर्ष में प्राप्त कुल क्लेम में से निपटाए गए क्लेम का प्रतिशत है।