Here are couple of things that i feel are more important then just the premium amount:
1. Claim Settlement Ratio (LIC - 96%, HDFC and ICICI 88%, religare - 48%)
2. Does it cover critical illness?
3. Does it cover Accidental death? (ICICI Pru Protect says: if the person who does the accident was not at fault then only the amount wld be paid. Does this make any sense the person is already dead and family needs the money and was he trying to do accident?? LOL... really ridiculous clause...)
I want family to get money irrespective of the reason of death. I need an assurance that family would get the money and claim should not be rejected. I am ready to pay more for this assurance. I know that insurance companies are not doing charity and need to remain profitable for existence.
Please suggest the best TERM PLAN.
1. Claim Settlement Ratio (LIC - 96%, HDFC and ICICI 88%, religare - 48%)
2. Does it cover critical illness?
3. Does it cover Accidental death? (ICICI Pru Protect says: if the person who does the accident was not at fault then only the amount wld be paid. Does this make any sense the person is already dead and family needs the money and was he trying to do accident?? LOL... really ridiculous clause...)
I want family to get money irrespective of the reason of death. I need an assurance that family would get the money and claim should not be rejected. I am ready to pay more for this assurance. I know that insurance companies are not doing charity and need to remain profitable for existence.
Please suggest the best TERM PLAN.