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.