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Can I Upgrade term insurance from ICICI to Religare ?

Hi Geeks,

Currently I have 50 lakhs term insurance(with ICICI) and want to upgrade (1.5 crore).

I see Reliance term life insurance is cheap. My question is,

1) Can Reliance term insurance can be trusted?

2) Should I need to split my 1.5 crore to 2 or 3 insurance companies(suggested by one from policybazaar).

Please help me on this.

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