I am planning to take a life insurance for me and health insurance for my family of 3 (My wife, kid of 2 years and myself). I am looking for various options. Can somebody guide with the best available Insurance companies? My requirements will be hassle-free settlement with reasonable premiums.

I am looking at a Life insurance of Rs. 1 Crore and Health insurance of Rs. 5 Lakhs. Kindly let me know your experiences with various insurers.

Also help me if I should go for plain vanilla term plan or some endowment policy.

Regards.