Sahara Life Insurance Company Limited

Sahara Life Insurance Company Limited

Sahara Life Insurance Company Limited is a pioneering Indian company in the Indian Life insurance market with no foreign collaboration. This achievement marks a significant milestone as it becomes the first completely Indian company in this field.

Sahara Life Insurance Company Limited offers a comprehensive range of products to cater to every individual’s specific needs. Their diverse portfolio includes term insurance, group insurance, ULIPs (Unit Linked Insurance Plans), endowment plans, money-back plans, and more. With such a wide variety of options available, individuals can find the perfect life insurance solution that suits their requirements.

Since its inception in 2004, Sahara India Life Insurance Company Limited has placed customer satisfaction at the forefront of its operations. A team of devoted professionals is readily available to assist customers throughout their life insurance journey.

In the financial year from April 2022 to March 2023, Sahara India Life Insurance Company Limited received 511 claims.

Claim Settlement Ratio

The Claim Settlement Ratio (CSR) serves as a vital measure of an insurance company's ability to effectively settle claims. In the fiscal year 2021-22, Sahara India Life Insurance Company Limited achieved an impressive Claim Settlement Ratio of 97.08%. This signifies their remarkable success in honouring a substantial number of claims they received. Additionally, their Claim Amount Settlement Ratio stood at an impressive 97.09% during the same period. This percentage indicates the proportion of the claim amount received that they have paid out.

By analysing an insurance company's claim settlement ratio, you can evaluate its efficiency and ability to effectively handle claims. An insurer with a high CSR is considered more trustworthy and reliable. It is also important to review their CSR track record over the past few years to ensure consistent performance.

Solvency Ratio

The solvency ratio is an essential metric to evaluate the financial strength and stability of an insurance company. In accordance with the regulations set by the Insurance Regulatory and Development Authority of India (IRDAI), insurers must maintain a minimum solvency ratio of 150%. This requirement ensures that they have sufficient financial resources to fulfil their obligations and honour their claim commitments.

As of March 31st, 2023, Sahara Life Insurance Company Limited proudly maintains an impressive solvency ratio of 678%. This remarkable figure reflects its exceptional financial standing, well ahead of the minimum requirement. This means it possesses the necessary financial strength to effortlessly meet claim payments and fulfil its other financial obligations.

Customer Service

  • Toll-free Number
    If you require any help or have inquiries regarding your insurance policies, you can reach out to Sahara Life Insurance Company Limited's dedicated customer support team by calling their toll-free number 1800-180-9000.

  • E-mail
    For any queries, concerns, or any other assistance, you can also contact Sahara Life Insurance Company Limited by sending an email to any queries, concerns, etc.

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