Company: LIC of India
Product Name- Amulya Jeevan
Product features:
- Minimum sum assured of 25 lakhs
- Maximum sum assured- No limit
- Available up to 35 years duration
- Maximum Age at Entry – 60 years
- Maximum Age at Maturity- 70 years
Company’s pitch:
- The oldest and most trusted Life Insurance company in India
Our view:
- PLUS- LIC of India has the best IRDA Claim Settlement Ratio of more than 97%. Check here for comparison with others.
- PLUS- LIC of India has one of lowest customer churns.Check here for comparison with others. Excellent customer support.
- MINUS- The price is VERY HIGH as it is an offline policy. It costs almost 3-4 times a similar policy by Aviva Life Insurance or HDFC Life who have decent IRDA claim settlement ratio.
Contact us to get best deals on term insurance.