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Choosing a term plan for life insurance (जीवन बीमा) can be a daunting task hence we bring a detailed comparison of best online term plans from ICICI Prudential, LIC, HDFC Life, Max Life, Tata AIA and Reliance Nippon based on the latest IRDAI claim settlement ratio 2019. We have analyzed – LIC term plan (LIC tech Term plan) (e- Term), Max online term plan, ICICI Pru iProtect Smart.
We have compared the online life insurance policy – Max vs ICICI vs LIC based on different parameters such as Entry Age, Policy Term, Payment Term Frequency, Sum Assured, Claim Settlement Ratio, Riders Provided, Maturity Age, etc.
We have explained all the life insurance policy with a live example where we have calculated premium for all the 3 policies and compared with each other.

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