Insurance Guides and Explainers
How IRDAI metrics work and how to use regulatory data to compare Indian insurers.
- Claim Settlement Ratio vs Incurred Claims Ratio
Two different ways to measure insurance claim performance — what each ratio measures, why they differ, and which one to use for which purpose.
lifegeneralhealth - How to Check IRDAI Claim Settlement Ratio
Step-by-step: where IRDAI publishes claim settlement ratios, which disclosure form they come from, and what the numbers actually mean.
life - IRDAI Insurance Public Disclosure Forms
An index of the L-forms (life) and NL-forms (general/health) that Indian insurers file quarterly with IRDAI — what data each form contains and where to find it.
lifegeneralhealth - Understanding IRDAI NL-Form Data
How NL-20 (combined ratio, solvency) and NL-37 (claims reconciliation) work, including the two different denominators that affect how ratios are calculated.
generalhealth - Insurance Grievance Ratio in India
How IRDAI normalises grievance data (per 10,000 policies) and why the raw count is not useful for comparing insurers of different sizes.
lifegeneralhealth - Insurance Distribution Channels in India
The four IRDAI-defined distribution channels — individual agents, bancassurance, brokers, direct — and what the channel mix says about an insurer's business model.
lifegeneralhealth - How to Compare Insurers Using IRDAI Data
Which metrics are comparable across insurers, which need context before comparing, and which should never be ranked without a caveat.
lifegeneralhealth - What Is the Solvency Ratio in Indian Insurance
How IRDAI defines the solvency ratio (ASM ÷ RSM), why the regulatory minimum is 1.5×, and what a ratio above or below 1.5 means in practice.
lifegeneralhealth - Understanding the Insurance Claim Settlement Ratio
The full formula, the data it comes from (L-40 for life, NL-37 for non-life), why count-based and amount-based CSR differ, and what a 'high' CSR actually means.
lifegeneralhealth