What are the best life & term insurance “policies” there in India?



Are term insurance policies promptly paid by private companies when claimed, i have read some negative feedback about their settlement claims, which companies have a good settlement record among private companies? Thanks

What are the best life & term insurance “policies” there in India?
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4 Replies to “What are the best life & term insurance “policies” there in India?”


  1. Thanks for asking , in india claim settlement ratio of LIC was better than that of the pvt. insurers. Settlement ratio of LIC is 97.03% during 2011-12 compared to 96.54% from previous year. The percentage of claim rejected ratio of LIC is 0.01% compare to pvt. life insure is 8.90% in 2011-12. Pvt. insurer have improved their performance but their settlement ratio much lower than LIC. By the way according to you among pvt. life insurers ICICI prudential life have good claims repudiation ratio.
    Hope its help full to you.
    Have a nice day.



  2. What plans are you looking out for, individual or family? Future Generali provides the following 2 online term life insurance plans:-

    1) Care Plus: which insures the whole family
    2) Smart Life: this insures the individual.

    It is important that you check the claim settlement record of the company before investing in any insurance scheme. Mostly, companies that have an in-house processing team for claim settlement are prompt in replying to your claims as compared to companies that have a third party involved to do the same. Future Generali is one amongst the few companies in India to have an in-house processing team. They have a proven track record for quick claim settlement. Check out their website for more information.





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