Which life insurance company is best in settling claims?

Question

Which life insurance company is best in setting claims? I want to but a term insurance for 25 yrs. I am 35 now. Please suggest good plan and insurance comany. Is there any databse where we get more information of claim record.

Answer 1

YOU WILL GET ALL DATA FROM IRDA WEB SIDE AND WITHOUT FAIL LIC IS THE BEST FOR SETTLED THE CLAIM ,FOR THAT YOU CAN YOUR SELF JUSTIFY BY DATA AND YOU CAN PLEASE TAKE ONE TERM PLAN "AMULYA JEEVAN" IN LIC (MINIMUM 25 LACS)WITH NOMINAL PREMIUM THINK OVER IT. FROM "INSURANCEGURUJI"

Answer 2

Life Insurance Corporation of India is THE BEST.

Answer 3

LIC of India. Check the link for authorised report. Any help required mail [e-mail] or call 93222 50852

Answer 4

In India it is LIC of India.

Insurance conditions vary from country to country. It depends on your state of domicile. So please give that info also. thanks.

Answer 5

Hi,

Still today,LIC holds goodwill and high reputation in settling a claim reliably.Private insurers are somewhat new in Indian insurance market and they are less experienced too to handle a claim smoothly.

Answer 6

Due to heavy compitition among Life insurance companies , everyone started delivering good service.  There are so many plans , i would like you to check the below

1) There are 2 types of plans - Long term benefits , Short term benefits

  

  If you are serious in Long term benefits then please check with Aviva and AIG .



  If you are planning to save TAX than i would recommend you to go for any plan which is for short period . Tax planning changes every year , so i would say go for any plan which is a short term benefit plan.

  Thank You

Varun Hyderabadi

Answer 7

If your worried about CLAIM handling.. don't go with a company that doesn't have an AGENTS OFFICE that you can visit (for example - don't buy life insurance online!)

An Agent such as State Farm, Allstate, Nationwide etc... have check-writing authority immediately (as soon as you have a death certificate) get your $ in your hands without being on hold with an 800# for hours!

If it's a large policy - they can write you a 'starter check' (enough to cover the final expenses) and then you'll get the balance in the mail.

Answer 8

AIG life insurence is best i guess....

Answer 9

These days mant insurance companies are there. According to me, if you want the best returns then just check out Max New York Life Insurance...

Answer 10

There is no doubt it is LIC OF INDIA.Anmol Jeevan is the

best term insurance plan, it is best to suit for you.I am not

having any knowledge about database of claim records.

Answer 11

L I C of India

Answer 12

Insurance companies are rated by various agencies. Duff & Phelps rates for claims paying ability, A.M. Best rates the financial strength, Weiss Ratings tracks financial safety.

With all the different life carriers and plans available most people really should use a life insurance broker. A Broker represents multiple carriers and can help you sort through all the different insurance companies and plan options in your state.

You can try doing your own research on the internet, but if you give a good broker 5 minutes they will be able to make suggestions on which carrier and plan may fit you best.

I suggest using yellowpages.com to search for life insurance brokers in your area.  

You can call your auto and home agent they specialize in property and causality insurance and usually have a good knowledge of life insurance.

You may have better luck with a broker that specializes in life insurance they will have a wider selection of companies to offer.