SBI Life eShield Next vs HDFC Life Click 2 Protect Super

SBI Life Insurance Company has a record of very good performance in both the purchase and claim settlement processes. They have settled 86.16% claims within 30 days and have received fewer claim complaints. Their claim settlement ratio stands at an impressive 93.09%, with a claim amount settlement ratio of 86.22%. They offer a dedicated toll-free claims service. However, they do not provide a personal manager for the customers and there is no opportunity to track your claim online. Home pickup claim services are also not available.

HDFC Life Insurance Company has settled 99.94% of claims in less than 30 days and fewer claim complaints compared to other insurers. The HDFC Life Insurance Company boasts of a high claim settlement ratio of 99.39%, and the claim amount settlement ratio is 89.38%. The plan provides online tracking of claims and dedicated toll-free claims support. However, customers do not have the benefit of being assisted by a personal relationship manager for claims, and the claim form is moderately long. Unfortunately, the insurer does not offer a home-pick-up claim service, which some other insurance companies do provide.

SBI Life Insurance Company provides customer service through toll-free and Twitter. But, according to our research, their toll-free service is average and their response time on Twitter is slow, compared to other insurers. This might create difficulties for you and your loved ones in times of need.  

HDFC Life Insurance Company offers customer services via toll-free and Twitter, but our research shows that their response time on toll-free is slow and Twitter is average, compared to other insurers. This suggests that you and your family may face problems in getting your queries addressed.

SBI Life eShield Plan provides flexibility and customization to meet your specific needs. There are several benefits of SBI Life eShield Next Plan, one of them is to increase your coverage by 10% from 6th policy year until the base cover gets doubled. Your coverage increases at the end of every 5th year. The SBI Life eShield Plan offers a life cover up to the age of 85 years (99 years if entry age is more than 45) with Limited Pay options like 5, 7, 10, 12, 15, 20, and (PT - 5) years. It also offers claim payout options, like one-time lump sum and monthly instalments. SBI Life eShield Plan comes with an Accidental Death Benefit Rider to help your family cope financially with unfortunate situations.  

The HDFC Life Click 2 Protect Super Plan is an affordable policy that offers various customisation options. One of the key benefits of HDFC Life Click 2 Protect Super Plan is the choice to increase the coverage by 5%/10% every year until the base policy cover doubles. The cover starts increasing from 2nd year or 6th year onwards, depending on your choice. The plan provides life coverage up to the age of 85 years, with several rolling Limited Pay options ranging from 2 to (PT-1) years. You can pay the premiums on a monthly, quarterly, half-yearly, yearly basis. Additionally, the HDFC Life Click 2 Protect Super Plan offers multiple claim payout options, including one-time lump sum, lump-sum with monthly income, and a combination of both.