The death claim settlement ratio of insurance companies ranges between 85.3-99.07 per cent for the year 2018-19, according to IRDA’s annual report 2019. The report exhibits that TATA AIA has the best death claim settlement ratio at 99.07 per cent. Tata AIA, followed by HDFC, Max Life and ICICI Prudential Life with claim settlement ratio of 99.07 per cent, 99.04 per cent, 98.74 per cent and 98.58 per cent stand ahead of LIC (97.79 per cent) in settling individual death claims.