Best Term Insurance Plans

HDFC ERGO | TATA AIG | LIC COMPARISION

1. Number of cliams handled

  1. LIC – 7,50,950
  2. HDFC – 12,946
  3. TATA – 2700

2. Claim Settlement Ratio

  1. LIC – 97.97%
  2. HDFC – 99.04%
  3. TATA – 99.07%

3. Amount Settlement of Last Year

  1. LIC – 95%
  2. HDFC – 95%
  3. TATA – 96%

4. Claim Rejection Ratio

  1. LIC – 00.89%
  2. HDFC – 00.52%
  3. TATA – 00.93%

5. Solvency Ratio

  1. LIC – 1.60%
  2. HDFC – 1.88%
  3. TATA – 2.5%

6. Premium

High to Low Prices

  1. LIC
  2. HDFC
  3. TATA

Conclusion

  1. HDFC – Reasonable Premiums
  2. LIC – High Premium
  3. TATA