ilmscore | How to 100% secure our family financially in 2023 | CA Rachana Ranade

How to 100% secure our family financially in 2023 | CA Rachana Ranade

Published: 2023-11-03
Status: Available | Analyzed

Predictions from this Video

Total: 3
Correct: 0
Incorrect: 0
Pending: 3
Unrated: 0
Prediction
Topic
Status
As per current IRDA regulations in India, all insurance companies must maintain a solvency ratio of at least 150% to mitigate bankruptcy risk.
"all insurance companies in India are required to maintain a solvency ratio of 150% or 1.5 to minimize the risk of bankruptcy and this is as per the current regulations of IRDI that is the Insurance Regulatory Development Authority of India"
Term Insurance Solvency Ratio
Pending
Max Life Insurance has a solvency ratio of 190%, which is 1.27 times more than the mandatory 150%, indicating a strong and stable financial position.
"here you can very clearly see that they mention that the claim the that the solvency ratio of 190% is 1.27 times more than the mandatory 150% remember we had discussed 150% now this indicates company's strong and stable financial position"
Max Life Insurance Solvency Ratio
Pending
Max Life Insurance has a consistently increasing claims paid percentage, currently at 99.51%.
"here the claims paid percentage has consistently gone up and which is at 99.51%"
Max Life Insurance Claim Settlement Ratio
Pending