Answer for Need some help on increasing online term plan from 50 lakhs to 1 cr. Should I buy a new term plan?

I’d recommend that you buy another cover for 50 lakhs if you seek diversification
As Aegon Religare claim ratio is not that great, I’d recommend that you look at Max Life Insurance or HDFC Life or ICICIPru for your next term plan
You should compare the price of two policies of 50 lakhs Vs a single policy of 1 cr. Usually 1 cr policy should be cheaper.
Compare all the details using our term plan tool