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Term plan for Rs 1 crore

You can buy covers from MAX Life and HDFC Life. We have selected these two companies on the basis of their claim settlement ratio, claim rejection ratio, and pricing of the policy

I want to buy a term insurance plan for ₹1 crore. Could you please suggest which term insurance to buy and which one is reliable in future. I have come across a few plan from HDFC, Aegon-Religre, PNB MetLife and MaX Life. Could you suggest which is the best and affordable?
- Sagar

We would recommend MAX Life and HDFC to you. These two companies come out as clear winners on the basis of their claim settlement ratio, claim rejection ratio, and pricing of the policy for all age groups. You may choose these two companies to diversify your insurance cover.

This article was originally published on October 16, 2015.

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