INDIA’S FIRST UNBIASED, CONFLICT-FREE INSURANCE RATING
This plan is one of the cheapest products in the market, but doesn’t allow you to choose some important customizations such as increasing covers. Further, the insurer has a poor track record with respect to the claims service experience.
Much cheaper than other products in the market
Several options to customize claim payouts
Critical illness rider is available, and pays out in addition to life cover amount
Doesn't offer the option to automatically increase your claim amount, with time
Not many Limited Pay options available, to speed up payments
Received higher number of complaints on claim settlement compared to other insurers
% of claims settled in less than 30 days
Reflects on the speed of settling valid claims
% of Complaints received on overall claims
% customers unhappy with claims experience
How complex is the Claim Form?
The longer, the more hassles during claims
Claim Settlement Ratio (No. of claims)
What % of the claims received were paid?
Claim Settlement Ratio (Value of claims)
What % of the claim amount received was paid?
Reflects an insurance company’s ability to pay claims. Insurers are required to maintain a minimum 150% Solvency Ratio as per IRDAI regulation
Personal relationship manager for claims
Can you track claims online?
Dedicated toll-free for claims service
Separate Claim Form for above 3 Years Claim
Home pickup of Claims
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