Life insurers death claims payout up 21%

The Indian life insurance industry has paid 20.74% higher death benefit to its policyholders during the April - June 2009 quarter at Rs 1,717 crore as compared to Rs 1,422 crore paid during the corresponding quarter last year, as per the data relesed by Life Insurance Council, the industry body of life insurance companies in India. The private sector life insurance companies have paid 57.35% higher death claims during the April - June 2009 quarter at Rs 321 crore(Rs 204 crore). SB Mathur, secretary general of Life Insurance Council, said, The downturn has no way impacted the Indian life insurance ...

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