I have read some contradicting views on this topic. Some people prefer splitting their term covers across different insurers. E.g. 50L in LIC and 50L in Aviva. Some people prefer to go with a single insurer.

As per one friend who works in the insurance industry, it does not matter if you take multiple covers. During the time of settlement, if one company rejects the claim, there is high probability that the other company will also reject it. All insurance companies have access to data pertaining to all your policies and at the time of claim, they can check your records for settlement. So you can never be sure that in case one company rejects your claim, maybe the other will honour it.

What does your experience say? Should we split term covers across 2 or more insurers or go with a single big cover?