Aditya Birla Sun Life
Anmol Suraksha Kawach
Anmol Suraksha Kawach is a straightforward policy. This is designed to provide coverage for a short duration of up to 5 years, and has affordable premiums. It has no add-ons, no maturity benefit, or any of the bells and whistles other policies may have. While this can be considered a good plain-vanilla policy, keep in mind that this policy will cover you only for a maximum of 5 years. So, if you're looking for coverage beyond 5 years, this policy is not for you.
Decent Claim Settlement Ratio
Aditya Birla Sun Life settles 98.23% of the total number of claims it receives as compared to the industry average of 97%. It’s not great, but it’s not bad either.
Good Complaints Ratio
Aditya Birla Sun Life receives 3.7 complaints (per 10,000 claims registered) as opposed to the industry median of 17 complaints. Pretty good figure overall.
Good Amount Settlement Ratio
Some insurers pay out the smaller claims while declining to pay out the few higher-value claims in a bid to improve the claim settlement ratio. So you will need to look at the total amount settled as a percentage of the total amount claimed. Aditya Birla Sun Life meanwhile has an amount settlement ratio of 93.9% as opposed to the industry average of 87%. Pretty good figure overall.
The aforementioned ratios have been averaged over three years for every insurer and the industry as a whole.
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