Suggestions Needed for Choosing the Best Term Insurance

[virat#889]

Hi All,

I’m planning to purchase a term insurance policy with a coverage of ₹2 crore up to the age of 60. After comparing claim settlement ratio, amount settlement ratio, and solvency ratio, I’ve shortlisted the following insurers:

* HDFC Life (Click 2 Protect Super) – ₹20,984
* Axis Max Life (Smart Term Plan Plus) – ₹17,063
* ICICI Prudential (iProtect Smart) – ₹16,857
* TATA AIA Life – ₹19,137

Note: The above premiums are annual and do not include any riders.

I have a few queries:

1. Which of these companies are known for good customer service and hassle-free claim experience?
2. Are there any additional factors I should consider before finalizing the insurer?
3. I’m considering adding Accidental Death & Permanent Disability and Waiver of Premium on Critical Illness riders. Are these worth including, or would it be better to go with a plain term plan?
4. Does opting for riders increase the likelihood of claim rejection?

Would appreciate your inputs. Thanks in advance!

 

[drvirag]

I ll go wid axis. N do 4000 SIP instead of hdfc.
Rest i told u yesterday

 

[sunit123]

2 things, no one cannot predict in life whether air bags will open in the car or the beneficiary will get term insurance cover or not because the person will not be around to see

So there is NO BEST term insurance...It is best if claim will be settled and it is waste if claim is not settled.