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Claim Settlement Ratio

Claim Settlement Ratio (CSR) is the percentage of life insurance claims that an insurer pays out of the total claims it receives in a financial year. In simple words, it shows how often the company keeps its promise of paying the claim amount to policyholders’ families. ...Read More

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Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

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What is the Claim Settlement Ratio?

image-star image-star image-star image-star image-star image-star image-cloud image-cloud image-cloud moon What is the Claim Settlement Ratio?

Claim Settlement Ratio (CSR) is the % of insurance claims an insurer settles out of the total claims received in a financial year. A higher CSR indicates the insurer’s reliability and credibility, ensuring that policyholders can trust them to settle claims on time.

If a life insurance company has a high claim settlement ratio, it is more likely to honour claims filed by the beneficiaries of a term plan. This ratio reflects the insurer’s trustworthiness and quality of service. The Insurance Regulatory and Development Authority of India (IRDAI) publishes the claim settlement ratios of life insurance companies in its Annual Reports, which can be accessed on its official website.

How Is Claim Settlement Ratio Calculated?

Calculating the claim settlement ratio is straightforward. Here's a simple formula you can use:

Claim Settlement Ratio (CSR) = (Number of Claims Settled / Number of Claims Received) × 100

For example:
Imagine a life insurance company receives 1,000 insurance claims over the year and manages to pay out on 996 of them. To find out how well they’re doing, you can use this formula:

Claim Settlement Ratio = (Claims Settled ÷ Total Claims) × 100

Here, it would be:
Claim Settlement Ratio = (996 ÷ 1,000) × 100 = 99.6%
So, the company successfully pays out on 99.6% of the claims it gets.

What Is a Good Claim Settlement Ratio?

For a provider of a term life insurance plan, a claim settlement ratio of 90% or above is considered good. This is so because 90 percent indicates that the insurance provider has successfully settled 90 out of 100 claims during the financial year.

The claim settlement ratio keeps on changing each year, depending on the number of claims the insurer has successfully settled. If an insurer consistently settles over 95% of claims, it shows strong financial reliability and gives buyers confidence. HDFC Life has a claim settlement ratio of 99.68% for FY 2024-2025 with it, your nominees are assured of minimum hassles and fast claim processing.

However, before selecting an insurance policy, it is necessary to consider other factors including the turnaround time of claims, online review of the insurer, sum assured offered and premium amount.

Understanding Claim Settlement Ratio
 

Claim Settlement Ratio reflects an insurer’s reliability and claims record. Being aware of how it’s updated, what affects it, and its consistency helps policyholders choose prudently.
 

  • Annual Publication of Claim Settlement Ratios

The Insurance Regulatory and Development Authority of India (IRDAI) publishes the annual claim settlement ratio of all life insurance providers in India. HDFC Life has a claim settlement ratio of 99.68%## over the fiscal year 2024-2025.

During the fiscal year 2023-24, the claim settlement ratio of HDFC Life Insurance was 99.50%. This percentage is computed based on individual claims over total individual claims during the financial year.

By clubbing a consistently robust claim settlement record with efforts to raise awareness regarding the significance of adequate coverage, HDFC Life empowers individuals to make well-informed financial decisions and secure their family's future with utter confidence.
 

  • Importance of Full Disclosure in Claim Settlements

As any form of 'misstatement' or 'non-disclosure' of facts can lead to your claim getting rejected upon investigation, it is crucial to have full disclosure in the case of term insurance plans. Firstly, non-disclosure refers to the scenario when a fact that directly affects the insurance policy's issuance turns out not to be disclosed in the proposal.

As far as misstatement is concerned, it refers to the situation in which there has been withholding of information, or incorrect information has been provided while answering questions in the policy's proposal form. Both scenarios emphasise the importance of correct disclosure for your insurance policy's claim acceptance. 
 

  • Significance of a Stable Claim Settlement Ratio

IRDAI's Annual Report publishes claim settlement ratios for all life insurance companies. The claim settlement ratio calculation is done based on the total volume of settled claims. At HDFC Life, we have maintained a consistency in claim settlement ratio over the last five years. By now, our ratio is holding a prominent figure in the entire industry. 

Claims Settlement Ratio of HDFC Life Insurance for the past 5 years

The claim settlement ratio is a representation of the credibility and integrity of an insurance company and is an important consideration before choosing an insurance provider. Here is the 5-year claim settlement ratio of HDFC Life Insurance.

 

Sl No

Financial Year

Claim Settlement Ratio

1

FY 2019-20

99.10%

2

FY 2020-21

98%

3

FY 2021-22

98.70%

4

FY 2022-23

99.30%

5

FY 2023-24

99.50%

6

FY 2024-25

99.68%

The consistently high claim ratio indicates HDFC Life’s commitment towards its policyholders.

Types of Insurance Claims

There are two main types of insurance claims — Maturity claims and death claims. Read on to understand these in detail in order to make the right choice of insurance.

Maturity Claims

Maturity Claims

Maturity claims can be received once your policy matures. This amount however can be fixed or market-linked, depending on the type of your policy. Several life insurance policies such as retirement plans, ULIPs, savings plans, and endowment plans offer attractive maturity benefits. At the end of your policy tenure, you can get a lump sum amount after submitting all necessary documents as required by the insurance company.

Death Claims

Death Claims

Death claims are paid out if the policyholder dies during the policy term. It is paid to the policyholder's nominee either as a regular income or a lump sum as chosen when buying the policy. However, the nominee must produce all necessary documents such as a doctor's certificate, proof of death, death certificate and more.
Death benefit claims ensure that the policyholder’s family is capable of sustaining themselves financially in your absence. 

Why is Claim Settlement Ratio Important?

When purchasing a life insurance policy, you might compare features like the sum assured, premium or even customer reviews. But one factor that thoroughly stands out is the claim settlement ratio (CSR). It shows how reliable an insurer is when it comes to paying claims. Zeroing in on an insurer with a high CSR gives you confidence that your loved ones will receive the promised support without unnecessary hurdles.
 

Here are the benefits of selecting a life insurance provider with a strong claim settlement ratio:

1
1

Assures Financial Security

Life insurance acts as a safety net for a family, especially when the policyholder is the main source of income. A high claim settlement ratio strengthens this assurance by assuring the claim amount will reach the nominee without any unnecessary delays or complexities.

This timely payout can assist the family in covering essential expenses such as home loan repayments, children's education, daily living costs, and even long-term goals. A consistently high CSR is proof of the insurer's reliability, ensuring that financial protection is delivered when the family requires it the most.

...Read More

2
2

Depicts the Insurer’s Reliability

A high claim settlement ratio reflects an insurer's consistent track record of honouring valid claims. Since CSR is a publicly available metric, it gives policyholders a clear way to judge how dependable an insurer is when it truly matters.

Insurers with strong CSR figures over several years show great stability and a customer-first approach, settling claims quickly and fairly. This consistency builds confidence, reassuring policyholders that the insurer will stand by its assurance of financial protection, providing mental peace over the long term.

...Read More

3
3

Co-operation from the Insurer

A high claim settlement ratio also signals an insurer’s willingness to cooperate with beneficiaries during difficult times. It shows intent to honour genuine claims promptly and in a transparent manner without burdening grieving families with avoidable hurdles.

This assurance lowers emotional stress and assists families in feeling supported, knowing their claim won’t be rejected for minor technicalities. For buyers, it’s a valuable tip, i.e., always check the claim settlement ratio before purchasing a plan, as it reflects the insurer’s commitment to providing timely financial support when it’s needed the most.

...Read More

4
4

Indicates Support During the Claims Process

A high claim settlement ratio doesn’t just mean claims are approved; it also reflects the efficiency and support behind the process. Insurers with strong CSR figures usually have streamlined systems, trained staff, and responsive claim assistance teams.

This means nominees are guided properly, documentation issues are resolved quickly, and claims are processed without unnecessary delays. Such support lowers the burden on family members in the course of tough times and ensures a smoother experience in totality.

As a practical move, checking out the CSR can assist in identifying insurers that provide both reliability and compassionate support during the claims journey.  

...Read More

Key Factors That Affect Your Claim Settlement Ratio

The following factors affect the term insurance claim settlement ratio:

1
1

Failure to Disclose Information

Suppression of information and any missing details can lead to claim rejections. Insurance companies rely on claim settlement documentation to assess the validity of the claims. Withholding information that impacts policy issuance decisions like existing medical conditions, family medical history, etc., will be viewed seriously during the claim settlement process. It may enhance the claim processing time or result in rejection which eventually lowers the claim settlement ratio.

...Read More

2
2

Fraud

If policyholders withhold information intentionally to cheat the insurer, it is construed as fraud. During the claim settlement process, if the insurance company suspects the genuineness of the claim, they may reject the claim. This will reduce the claim settlement percentage.

...Read More

3
3

Ignorance of the Policyholder's Responsibilities

The policyholder should read between the lines to understand the terms and conditions mentioned in the policy and comply with them. Otherwise, it will impact the claim settlement ratio. Some of the responsibilities of the policyholder are paying premiums regularly and providing accurate and complete information while filing claims. Failing to adhere to these obligations will result in claim rejection.

...Read More

4
4

Updating or Correcting Nomination Errors

Updating or correcting nomination errors is of prime importance. Failing which the insurance company will have a difficult time identifying the legal beneficiary. In case of more than one party claiming to be a genuine nominee, the claim will not be settled till the dispute is resolved.

...Read More

Factors that affect claim settlement ratio Factors that affect claim settlement ratio

How Long Does it Take to Get the Claim Payout?

The claim settlement timeline, as set by IRDAI, is within 30 days from the date of intimation of claim or 45 days from the date of intimation of claim in case investigation is required.. This time is allotted to call for documents, scrutinise the documents, call for further information, make enquiries wherever necessary, etc. Once the procedure is complete, your claim gets approved or is sometimes rejected in case of non-disclosure of material information or fraud.. 

Here are a few things to ensure a smooth claim settlement and shorter insurance claim processing time:
 

  • Understanding your policy:

Before filing, review the policy document and learn about the claim procedure, its sub-limits, exclusions, the deductibles, coverage and more. 
 

  • Maintain Transparency: 

If there are any pre-existing medical conditions you suffer from, it is best to remain honest about them when you are filling out the application. This helps prevent issues later, during the claim process.
 

  • Timely premium payment: 

It is very important for the insured to make all premium payments in a timely manner to prevent lapses due to missed payments.
 

  • Prepare documents in advance: 

You must maintain a folder containing all the policy related documents ready at all times, to help easy claim settlement and avoid delays caused by missing information.
 

  • Prompt notification:  

Apprise the insurance provider about the policyholder's death as soon as possible.
 

  • Maintain contact: 

It is very important that the person overseeing the claim settlement process remain in constant communication with the claims department. This helps ensure timely action incase of any observations. 
 

  • Seek professional assistance: 

If the claim process appears complex, consider getting help from an expert.

Why is HDFC Life Claim Settlement easy and Hassle-Free?

HDFC Life Insurance has an easy and hassle-free claim settlement process.It is noteworthy that the HDFC Life Claim Settlement Ratio set a remarkable benchmark of 99.68% for FY 2024-2025. The claim can be lodged in the branch of the company as well as online whereby the policyholders can conveniently lodge their claims and solve out the queries if any.


Apart from such hassle-free and faster claim settlement, HDFC Life also provides for 1-day claim settlement. Here, the policyholder can receive the claim settlement amount within 24 hours of lodging the claim and submission of documents. Following are the conditions subject to which the policyholders can receive claim settlement within 24 hours:

  • The policy should have been purchased online
  • The insurance claim should not require field investigation to be undertaken
  • The cumulative claim amount should not exceed Rs, 2 crores2
  • All the claim documents shall be submitted by 3 pm on a working day.

HDFC Life holds complete accountability and responsibility to settle the claim within 24 hours on working days. In case the claim does not get settled, then HDFC Life will pay interest at the rate of 2% per annum above the bank rate for each additional day that the claim gets delayed.

What are the 3 Modes to Intimate a Claim?

HDFC Life provides three different modes for claim intimation. These are:

1. Online submission of claims

2. Whatsapp users can simply scan the QR code or directly message ‘Death Claim’ on +91 82918 90569 in order to begin the process.

QR Code

3. You can physically visit the branch for claim intimation with the claim form. The claim form can be downloaded from https://www.hdfclife.com/claims

3 Steps to Intimate a Claim

Why Our Claim Settlement Process Is Unique?

A high claim settlement ratio means a high rate of settling the received claims. Thus, the insurance company appears trustworthy to the insured person. HDFC Life’s claim settlement process is unique as we ensure a hassle-free claim filing process and immediate fulfilment of requests. Here are some of its features:
Ease

Ease

HDFC's Claim Centre provides all the necessary information. In your absence, your nominee can choose either to download the claim form from the website or visit the nearest branch office to file a claim. 

Speed

Speed

You can claim for your eligible amount under ClaimSecure maintaining the following conditions:
a) You can avail 1-day claim settlement exclusively for all online purchased policies.
b) Cumulative claim amount applicable for all policies up to Rs. 2 crore.
c) There is no need for a field investigation for the claim.
d) Submit all the necessary documents at any nearest office from Monday to Friday before 3 PM. Any document submission after 3 PM will be considered on the next business day.
e) HDFC Life offers interest on your amount death claim amount if there is a delay beyond one working day.

Appointment of Dedicated Officers

Appointment of Dedicated Officers

On the very next day of claim submission, a dedicated Claims Relationship Officer (CRO) is appointed to provide any personalised services. Having a CRO is very helpful during the settlement of a death claim. The nominee gets assistance and can avail the benefits of insurance claims on time.

Trust

Trust

HDFC Life has a claim settlement ratio of 99.68% over the fiscal year 2024-2025.This is by far the highest number that HDFC Life Insurance has achieved to date when compared with previous years.

Support

Support

The customer support services provide constant and speedy support to all queries and grievances of customers. They are ready to serve the customers anytime and anywhere they need.

Documents Required for Claim Settlement

Claim settlement involves the submission of certain documents in order for the company to verify the details of the claim. Mandatory Documents required for claims:
  • Key

    Death claim form (including NEFT)

  • Key

    Death certificate issued by the government or local municipality authority

  • Key

    Original policy document, (where applicable)

  • Key

    Claimant’s PAN details

  • Key

    Claimant’s ID proof

  • Key

    Claimant’s address proof

  • Key

    Personalized cancelled cheque or Bank passbook(Printed account number, name of the account holder and IFSC code)

  • Key

    Based on the type of claim, additional documents required as mentioned below:

Documents Required for Claim Settlement

Type of Claim

Documents Required

Natural Death Claim

The medical cause of death certificate

Medical records and associated documents

Unnatural Death Claim (Accidental Death / Suicide / Murder)

Post mortem report

First Information Report

Panchnama

Police inquest report

Annuity claim documents

Natural Calamities / Disaster Claims

Death certificate issued by the government or local municipality authority

Death claim form (including NEFT)

Claimant’s PAN card

Claimant’s address proof

Original policy document

Bank passbook or cancelled cheque

Critical Illness Claim

Critical illness claim form

Medical records (current & past) for instance, hospital records

Diagnostic tests reports

Key Considerations While Checking the Best Claim Settlement Ratio

The following are the key considerations you should consider while checking the life insurance claim settlement ratio: 

1
1

Keeping Documents Updated and Accessible

Delays in claim settlement often happen due to missing or outdated documents like ID proof, address proof, medical certificates, or the policy bond itself. To avoid this, policyholders should review and update these documents regularly with the insurer.

Store them safely, but ensure family members or nominees can access them easily. This small step can prevent claim rejections or unnecessary processing delays.

...Read More

2
2

Informing the Nominee About the Policy

Many claims remain unfiled simply because nominees were unaware of the policy. It’s important to inform them about the insurer’s name, policy details, and the claim process.

Share both physical and digital copies of essential documents and, if possible, prepare a simple step-by-step guide to help them file the claim smoothly, especially if they are unfamiliar with insurance procedures.

...Read More

Why Life Insurance Claims Get Rejected?

Life insurance is meant to provide mental peace. But some claims get rejected due to avoidable mistakes. Being aware of the reasons for rejection can assist policyholders in taking timely corrective measures and making sure their families do not witness financial difficulties later on.

01

Wrong Information

Providing accurate info is crucial at every stage, from policy application to claim filing. Common mistakes are incorrect name, age or nominee details that do not match documents like Aadhaar or PAN. Even small spelling errors or data mismatches may result in delays or blocked claims.

Vague nominee details, such as using just the first name, may also create disputes. In addition, hiding medical past records or lifestyle habits such as smoking or alcohol use can invalidate claims. Consistent documentation ensures smoother claim settlement.

02

Premiums Not Paid

One of the basic reasons for claim rejection is non-payment or irregular payment of premiums. A life insurance policy stays valid only if premiums are paid on time. Insurers generally provide a grace period of between 15 and 30 days (based on payment frequency) to make pending payments.

If this deadline is missed, then the policy lapses. Though revival options prevail, they must be used within the insurer’s timelines. Policies that remain lapsed cannot honour claims. Paying off premiums on a regular basis ensures continuous cover and smooth settlement.

03

Policy that Has Lapsed

A policy lapses when the premium is not paid on time, even after the grace period expires. Once lapsed, the policy becomes inactive, and the insurer is not liable to settle claims made during this period. If the insured expires while the policy is lapsed, the nominee will not receive any death benefit.

Policies may be revived, though insurers might require fresh medical checks or additional charges. Keeping the insurance policy active by paying premiums on time is crucial to safeguard the financial future of the family.

04

Medical Information

Disclosing medical as well as lifestyle details is a must when purchasing life insurance and at the time of reviving the policy. This may include chronic illnesses, previous surgeries, hereditary conditions, smoking or alcohol consumption and high-risk activities.

Insurers make use of this info to assess risk and set the correct premium. If any undisclosed issue is discovered in the course of claim evaluation, then the insurer has the right to reject the claim. While full disclosure may increase premiums slightly, it strengthens claim validity as well as builds trust, ensuring a smoother settlement for dependents.

Undisclosed Hazardous Occupation or Hobby

Insurers also assess risk based on the policyholder’s occupation as well as hobbies. High-risk jobs like mining, aviation or firefighting, and hobbies such as skydiving, mountaineering or deep-sea diving must be disclosed upfront.

If omitted or misrepresented, then claims might be rejected later on. Honest disclosure permits the insurer to examine risk correctly and price the policy fairly, ensuring your family receives the claim amount without complications.

Claims Filed After Policy Exclusion Triggers

Every life insurance policy lists certain exclusions (situations in which claims are not payable). Common exclusions are suicide within the first 12 months, death due to illegal activity or war-related deaths.

If the insured’s death falls under these exclusions, the claim will be legally denied even if premiums were paid. To avoid surprises, policyholders should carefully review the exclusions section at the time of purchase and explain them clearly to nominees. 

Please be advised that the aforementioned reasons do not constitute an exhaustive list of circumstances under which your claim may be denied or deemed inadmissible.

How to select a company in India with the best claim settlement ratio?

Consider the following factors to select the best term insurance company in India:

Claim Settlement Ratio

Claim Settlement Ratio

The claim settlement ratio depicts the claim settlement efficiency of the insurance company. You can check the IRDA claim settlement report generated every year to get an idea of the claim settlement ratio of the insurance company in the previous financial year. Refer to and buy a term insurance plan from the insurer with a high claim settlement ratio.

Customer Support

Customer Support

A 24 x 7 exclusive customer support service is pivotal to resolving issues. Look for an insurance company with round-the-clock customer service so that you can reach out to them for insurance-related queries.

Customer Satisfaction

Customer Satisfaction

Customer testimonials reflect their experience with the insurance company. Go through customer reviews and choose the insurance company that has the maximum number of positive reviews.

Inflation

Inflation

Inflation depletes the value of the insurance claim payout if the sum assured is not adequate. Choose an insurance company that provides coverage for a sum assured that beats inflation at a lower premium.

Riders

Riders

Riders enhance the overall coverage benefits. Insurance companies provide several term insurance riders like critical illness riders, premium waiver riders, return of premium riders, accidental death benefit riders, etc. Purchase the plan from an insurance company that has provisions for these add-ons.

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Choosing the Right Sum Assured for Term Insurance

  • It is important to consider the financial needs of your family and assess the sum assured. While choosing the sum assured, you should also account for inflation and ensure that the sum assured beats inflation and will be adequate to meet the specific needs of your loved ones. When choosing the right insurance company, the claim settlement ratio should not be the only satisfying factor. You should also look for a service provider who offers high coverage at an affordable premium.

Conclusion


Claim settlement ratio is an important criterion that every policyholder should look into before buying their policy. Also, the prospective policyholders shall maintain transparency when it comes to an insurance policy because incorrect or false information could lead to rejection of the claim in the future. This defeats the very purpose of the insurance. Thus, going with an insurer who has a proven track record for faster and higher claim settlements can help policyholders meet their objectives. With an Insurance Claim Settlement Ratio that is one of the highest in the country, HDFC Life has been consistently protecting the policyholders whenever things went south.  

FAQs on Claim Settlement Ratio

1

What is the meaning of the term insurance claim settlement ratio?

The claim settlement ratio (CSR) is the percentage of claims an insurer settles out of the total claims received in a financial year. It shows how reliable the insurer is in honouring its promise of paying out claims.

2

What is the formula for the claim’s ratio?

The formula for computing CSR is:

(Number of claims settled ÷ Overall number of claims received) × 100

For instance, if an insurer gets 1,000 claims in a year and settles 980, the CSR will be 98%.

3

How do you calculate the claim settlement ratio?

The claim settlement ratio is calculated by dividing the total settled claims by the total received claims volume. 

4

Why is proper disclosure critical for a better claim settlement ratio?

Improper disclosure or non-disclosure means failing to reveal any fact that is creating an impact on the policy issuance decision in the proposal. Non-disclosure also leads to denial of the claim. Hence, it is recommended to provide proper disclosure to create a positive effect on the claim settlement ratio. 

5

What is the timeframe for reporting a claim?

There is no particular timeframe for reporting a claim. However, reporting a claim as soon as possible helps in faster processing. For disability claims, you need to report within 120 days from the date of disability. Moreover, it is essential to report the claim within 60 days for any surgery or critical illness. 

6

Who qualifies to receive the claim benefit?

The nominee registered in the policy document is eligible to receive the claim benefit. If no nominee is mentioned, the legal heir (such as spouse, children, or parents) may have to provide succession documents to receive the payout.

7

What makes the claim settlement ratio important?

A claim settlement ratio shows an insurance company's ability to pay the claimed sum assured to you or the nominee. In case an insurer has a high claim settlement ratio, it indicates that there is less likelihood of default on payment of the sum assured. On the other hand, a low claim settlement ratio (CSR) indicates a higher chance of your claim getting rejected.

8

How do you check the claim settlement ratio?

The claim settlement ratio of all life insurers in India is published yearly in the IRDAI Annual Report. You can even check out CSR figures directly on the insurer’s website or trusted financial portals.

9

Is a higher claim ratio better?

Yes. A higher claim settlement ratio implies the insurer has settled most of the claims received, which reflects greater reliability. For policyholders, this shows a higher probability that their nominees' claims will be honoured without any issues.

10

How reliable are insurance companies in paying claims?

Most life insurance companies in India are reliable, with many maintaining CSRs of over 95% year after year. HDFC Life, for instance, has consistently reported good claim settlement ratios in the industry, reflecting its strong commitment to honouring valid claims as well as providing financial protection to families during difficult times.

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Disclaimer

  1. 30 days for non-investigation cases and additional 90 days for investigated cases
  2. This is subject to claim assessment and if no further investigation is required.

@As per integrated annual report FY24-25, available on www.hdfclife.com. As of May 2025

^ Available under Life & Life Plus plan options

#Provided we have received all the relevant and required documents and no further investigation is required. Claim settlement process would be completed within stipulated timelines once the claim request is approved

##Individual claim settlement ratio by number of policies as per audited annual statistics for FY 24-25 

***Online Premium for Life Option for HDFC Life Click 2 Protect Super (UIN: 101N145V08), Male Life Assured, Non-Smoker, 20 years of age, Policy term of 25 years, Regular pay, Annual frequency, exclusive of taxes and levies as applicable. (Monthly Premium of 622/30=20.7).

**7% online discount available on 1st year premium only

~Tax benefits of ₹ 54,600 (₹ 46,800 u/s 80C & ₹ 7,800 u/s 80D) is calculated at highest tax slab rate of 30% on life insurance premium u/s 80C of ₹ 1,50,000 and health premium (Critical illness rider) u/s 80D of ₹ 25,000. Tax benefits are subject to conditions under section 80C, 80D, 10(10D) as per Income Tax Act, 1961. Please consult your tax advisor for more information.

*Online Premium for Life Option, Male Life Assured, Non-Smoker, 20 years of age, Policy term of 40 years, Regular pay, Monthly frequency, exclusive of taxes and levies as applicable

ARN - ED/08/25/26039

 

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