The commercial Hidex LSC system has been used to measure triple to double coincidence ratio (TDCR), experimental counting efficiency (CE) and the absolute activity for radioactive standards of pure beta emitters viz. ³H, ⁶³Ni and ⁵⁵Fe, an electron capture nuclide. Colour and chemical quench measurements of ⁶³Ni and ⁵⁵Fe have been done. An excellent match between TDCR and CE has been obtained for beta emitters, while very large deviations have been observed for ⁵⁵Fe. The deviation between TDCR and experimental efficiency has been found to be nearly uniform. Based on this, an empirical correction factor for TDCR which gives the correct efficiency has been evaluated, to enable efficient application of this commercial instrument for ⁵⁵Fe estimation. These TDCR correction factors were further validated by applying for ⁵⁵Fe activity measurements in ASTM standard steel samples irradiated to a fixed neutron flux in research reactor CIRUS. Finally, ⁵⁵Fe activity in steel sample from APSARA reactor decommissioning waste was successfully estimated using this modified TDCR.