Comprehensive guides to top term insurance providers in India
Kotak Life has 4 term plans and a 98.61% claim settlement ratio for FY 2024-25. We compare premiums, riders, exclusions, and claim data to help you decide if Kotak is the right fit.
Bajaj Life (formerly Bajaj Allianz) has a 99.29% CSR, industry-leading solvency of 3.59, and competitive eTouch II pricing. But the 30-day claim settlement rate of 92.45% trails the industry average. This guide covers plans, premiums, strengths, and watch-outs.
Tata AIA has a 99.41% CSR for FY 2024-25 and strong product features including a non-accelerated CI rider and India’s first USD NRI term plan. But post-sales service concerns persist. This guide covers plans, premiums, strengths, and watch-outs.
In December 2024, Max Life Insurance Company Limited was officially renamed Axis Max Life Insurance Limited, reflecting the deepening role of Axis Bank, which now holds approximately 20% of the company alongside Max Financial Services (~80%). The rebrand followed IRDAI approval and changed the brand identity, the domain (maxlifeinsurance.com now redirects to axismaxlife.com), and the … Read more
ICICI Prudential Life Insurance is a joint venture between ICICI Bank (51%) and Prudential Corporation Holdings (22%), and was the first Indian life insurer to list on stock exchanges when it went public in 2016. In term insurance specifically, the company is known for its flagship iProtect Smart range, which has expanded over the years … Read more
SBI Life Insurance is effectively a subsidiary of State Bank of India, which holds approximately 55.4% of the company. The insurer was originally a 74:26 joint venture with BNP Paribas Cardif, but the French insurer has progressively reduced its stake since 2019 and now holds a negligible position. For term insurance buyers, SBI Life’s most … Read more