Claims Paid Within 1 Month (Life) in Indian Insurance

Definition

Percentage of paid claims settled within the ≤1 month ageing bucket out of total claims paid in the period. Duration measured from receipt of the last requirement to settlement. Regulatory label is '≤1 month', not '30 days'.

Note: L-39 ageing buckets: ≤1 month, 1–3 months, 3–6 months, 6 months–1 year, >1 year. This metric covers the first bucket only.