<h1>Tata AIA Achieves 99.13% Individual Death Claim Settlement in FY24; Tops Persistency Metrics in Renewals</h1> The Claims Settlement Ratio is crucial for assessing a life insurer's reliability, reflecting the percentage of claims settled annually. A high ratio indicates a company's commitment to honoring claims, but it can be skewed by various factors. Consumers should consider the ratio over several years and focus on the persistency ratio, which measures policy renewal rates, indicating customer satisfaction. Tata AIA improved its Individual Death Claim Settlement ratio to 99.13% in FY24, settling claims worth INR 1086.15 crores. The company also excelled in persistency metrics, ranking #1 in four out of five renewal cohorts.