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Disclosure of KMP Performance Parameters

ParticularsFY 2025-26  
Assets under management’ to ‘Total premium’ ratio459.1%
‘Renewal premium’ to ‘New business premium’ ratio156.5%
Total number of policies issued during the year to total number of policies exited from the books (Note 1)418.7%
‘Expense of management’ to ‘Gross direct premium’ ratio (Note 2)18.7%

Note 1: Exit policies include the policies with status as surrendered, matured, death or cancelled

Note 2: Expenses of Management includes operating expenses related to Insurance Business and Commission as per the Revenue Account of the Financial Statements of the Company

ParticularsFY 2024-25
Assets under management’ to ‘Total premium’ ratio512.8%
‘Renewal premium’ to ‘New business premium’ ratio157.2%
Total number of policies issued during the year to total number of policies exited from the books (Note 1)426.0%
‘Expense of management’ to ‘Gross direct premium’ ratio (Note 2)18.7%

Note 1: Exit policies include the policies with status as surrendered, matured, death or cancelled

Note 2: Expenses of Management includes operating expenses related to Insurance Business and Commission as per the Revenue Account of the Financial Statements of the Company

ParticularsFY 2024-25
Assets under management’ to ‘Total premium’ ratio512.8%
‘Renewal premium’ to ‘New business premium’ ratio157.2%
Total number of policies issued during the year to total number of policies exited from the books (Note 1)426.0%
‘Expense of management’ to ‘Gross direct premium’ ratio (Note 2)18.7%

Note 1: Exit policies include the policies with status as surrendered, matured, death or cancelled

Note 2: Expenses of Management includes operating expenses related to Insurance Business and Commission as per the Revenue Account of the Financial Statements of the Company

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Proportion of Claim Settled - in Days

MetricFY 2026-27
(YTD - June 2026)
Claim settled within 15 days93.6%
Claim settled within 16 - 30 days1.6%
Claim settled within 31 - 60 days3.9%
Claim settled more than 60 days0.0%
Unsettled claims at the end of reporting period 0.8%

Note 1:  Claim settlement days computed from claim filing date

Note 2: Percentage mentioned is based on count which includes claims paid in full or in part or repudiated or rejected or closed

Proportion of Claim Settled - Status

MetricFY 2026-27
(YTD - June 2026)
Claims paid in full98.85%
Claims paid in part0.00%
Claims repudiated0.33%
Claims rejected0.00%
Claims closed0.00%
Claims Unsettled at the end of reporting period0.83%

Note 1: Percentage mentioned is based on count

Value proportion of claims settled *99.17%

*Formula = Total amount of claims paid (in full or in part) ÷ Total amount claimed (of claims decided for payment in full or in part or repudiated)

Proportion of Claim Settled - in Days

MetricFY 2025-26
Claim settled within 15 days93.54%
Claim settled within 16 - 30 days2.66%
Claim settled within 31 - 60 days3.79%
Claim settled more than 60 days0.01%
Unsettled claims at the end of reporting period 0.00%

Note 1:  Claim settlement days computed from claim filing date

Note 2: Percentage mentioned is based on count which includes claims paid in full or in part or repudiated or rejected or closed

Proportion of Claim Settled - Status

MetricFY 2025-26
Claim paid in full99.62%
Claims paid in part0.00%
Claims repudiated0.38%
Claims rejected0.00%
Claims closed0.00%
Claims Unsettled at the end of reporting period0.00%

Note 1: Percentage mentioned is based on count

Value proportion of claims settled *98.62%

*Formula = Total amount of claims paid (in full or in part) ÷ Total amount claimed (of claims decided for payment in full or in part or repudiated)

Proportion of Claim Settled - in Days

MetricFY 2024-25
Claim settled within 15 days90.53%
Claim settled within 16 - 30 days5.30%
Claim settled within 31 - 60 days3.21%
Claim settled more than 60 days0.96%
Unsettled claims at the end of reporting period 0.00%

Note 1:  Claim settlement days computed from claim filing date

Note 2: Percentage mentioned is based on count which includes claims paid in full or in part or repudiated or rejected or closed

Proportion of Claim Settled - Status

MetricFY 2024-25
Claim paid in full99.38%
Claims paid in part0.00%
Claims repudiated0.62%
Claims rejected0.00%
Claims closed0.00%
Claims Unsettled at the end of reporting period0.00%

Note 1: Percentage mentioned is based on count

Value proportion of claims settled *97.53%

*Formula = Total amount of claims paid (in full or in part) ÷ Total amount claimed (of claims decided for payment in full or in part or repudiated)

Proportion of Claim Settled - in Days

MetricFY 2023-24
Claim settled within 15 days85.97%
Claim settled within 16 - 30 days7.34%
Claim settled within 31 - 60 days4.88%
Claim settled more than 60 days1.79%
Unsettled claims at the end of reporting period 0.02%

Note 1:  Claim settlement days computed from claim filing date

Note 2: Percentage mentioned is based on count which includes claims paid in full or in part or repudiated or rejected or closed

Proportion of Claim Settled - Status

MetricFY 2023-24
Claim paid in full99.31%
Claims paid in part0.00%
Claims repudiated0.67%
Claims rejected0.00%
Claims closed0.00%
Claims Unsettled at the end of reporting period0.02%

Note 1: Percentage mentioned is based on count

Value proportion of claims settled *97.08%

*Formula = Total amount of claims paid (in full or in part) ÷ Total amount claimed (of claims decided for payment in full or in part or repudiated)

MetricFY 2026-27
(YTD - June 2026)
Count%
Total grievances received230100%
Resolved within 15 days22196%
Resolved within 30 days00%
Resolved beyond 30 days00%
Pending at the end of reporting period (Note 1)94%

Note 1: The aging of grievances pending at the end of reporting period is within 15 days

MetricFY 2025-26
Count%
Total grievances received828100%
Resolved within 15 days828100%
Resolved within 30 days00%
Resolved beyond 30 days00%
Pending at the end of reporting period00
MetricFY 2024-25
Count%
Total grievances received1126100%
% resolved within 15 days1126100%
% resolved within 30 days00%
% resolved beyond 30 days00%
Pending at the end of reporting period00%
MetricFY 2023-24
Count%
Total grievances received1007100%
% resolved within 15 days1007100%
% resolved within 30 days00%
% resolved beyond 30 days00%
Pending at the end of reporting period00%