Lic is the only insurance company with an astonishing claim settlement ratio of 98.33% and top the list of all other competitors in the market for the year 2015-16. Further, the company provided a whopping claim settlement ratio of 97.73% in the year 2013-14 were 97.73% leading the list even then. Lic insurance company with tenure of 60 year . Lic has been leading the market when it come to customer orientation and customer focused approach .goo company