2- All data was sourced from public disclosures (FY 2023-2024, Q4) except LIC (their FY 2023-2024, Q4 data isn't fully updated, so we have considered their FY 2023-2024, Q3 PD data), insurer websites, and the IRDAI website.

3- Only features that are currently available for purchase online were considered when calculating the Beshak Ratings.

4- In the Premium Ratings, we do not display premium amounts - instead, we show the product's relative pricing compared to the median.

5- Premium for all plans is calculated for the following profile: 30-year-old, non-smoker, married male, for a sum assured of INR 1 Crore, up to the age of 65 years, paying annual premiums, till the end of the policy. Except for these plans:

・Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c - Premium is calculated for a 30-year-old, non-smoker, married male, having Type 2 diabetes, with HbA1c level between 6.5 to 7, for a sum assured of INR 1 Crore, up to the age of 55 years, paying annual premiums for 25 years.

・HDFC Life Click 2 Protect Elite - Premium is calculated for a 30-year-old, non-smoker, married male, for a sum assured of INR 2 Crore, up to the age of 65 years, paying annual premiums for 15 years.

・IndiaFirstLife Guaranteed Protection Plus Plan - Premium is calculated for a 30-year-old, non-smoker, married male, for a sum assured of INR 1 Crore, up to the age of 75 years, paying annual premiums for 40 years.

・TATA AIA Maha Raksha Supreme - Premium is calculated for a 30-year-old, non-smoker, married male, for a sum assured of INR 2 Crore, up to the age of 65 years, paying annual premiums, till the end of the policy.

6- The overall ratings do not include the premium rating. This is because we believe that the affordability of premiums is a personal thing. Something that seems unaffordable or expensive to one person could seem cheap and affordable to another, regardless of their income. We leave it up to our users to decide whether the price they pay seems reasonable for the features they receive.

7- The Response time on Twitter (Beta) was calculated using a sample set of tweets from February to August 2023 - (Analyzed in September 2023).

8- Claims Experience was assessed based on an audit of various processes and facilities offered by the insurers, during claim settlement.

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Compare LIC Jeevan Kiran and Bajaj Allianz Life eTouch

Claims Track Record:

LIC Jeevan Kiran

LIC (Life Insurance Corporation of India) maintains a successful track record. They have achieved a commendable rate of settling 97.95% of their claims within 30 days, with fewer complaints. Their claim settlement ratio is 98.52%, and claim amount settlement ratio is 96.02%. The best part is that they offer the advantage of a short claim form. However, it's important to note that Life Insurance Corporation of India does not offer a personal relationship manager for claims, a home pick-up claim service, or toll-free claim support. Furthermore, they do not provide online tracking of claims.

Bajaj Allianz Life eTouch

The Bajaj Allianz Life Insurance Company has settled 99.91% of their claims within 30 days with a fewer number of customer complaints. Their claim settlement ratio is 99.04% and their claim amount settlement ratio is 93.45%. There is also an online claim tracking system and a dedicated toll-free number for providing customers with a high-quality and efficient claims service. And, they also have a short claim form. On the other hand, the company does not provide a personal relationship manager for claims or home pick-up of claims.

Service Experience:

LIC Jeevan Kiran

Life Insurance Corporation of India can be reached through their toll-free number and Twitter. Our research indicates that their Twitter response rate is slow, whereas their toll-free service is quick, compared to other insurers. Therefore, if you or your family have any questions or concerns, you can contact them through their toll-free number for prompt assistance.

Bajaj Allianz Life eTouch

You can connect with Bajaj Allianz Life Insurance Company via their toll-free number or Twitter for any assistance. As per our research, the response time on toll-free is quick and twitter is slow, compared to other insurers. This means that you and your loved ones can get timely assistance over the toll-free number.

Product Benefits:

LIC Jeevan Kiran

LIC Jeevan Kiran offers various customization options. It offers a life cover up to the duration of 70 years. The premiums are payable either monthly, quarterly, half-yearly, or annually. And, the payout options include a lump sum option and monthly instalment option. However, it doesn’t offer an increasing cover option or limited pay options. LIC Jeevan Kiran provides only 2 riders - Accidental Death Benefit Rider and Waiver of Premium Rider for Accidental Disability. You can include riders in your base policy to enhance its coverage.

Bajaj Allianz Life eTouch

Bajaj Allianz Life eTouch offers many customization options to suit your specific needs and lifestyle. It offers a cover up to the age of 99 - making it a great choice for long-term financial security. It offers various limited payment options, ranging from 5, 6, 10, 12, 15, 20, pay till 60 years. The premium for Bajaj Allianz Life eTouch can be paid monthly, quarterly, half-yearly, or annually. The plan offers a one-time lump-sum and lump-sum + instalments claim payout options. And, it does not offer an increasing cover feature. Bajaj Allianz Life eTouch offers Waiver Of Premium Rider for Accidental Disability and Accidental Death Benefit Rider. With this additional rider, you can extend the coverage of your policy, ensuring an extra layer of protection.