I am 32 and contemplating to have a term insurance of 1crore for 30years.I have shortlisted
SBI Life Smart Shield(without any riders) with Annual Premium of Rs21452/-
and
LIC Amulya Jeevan with Annual Premium of Rs.38000/-.
I did not choose Iprotect or iterm or other popular online term policies intentionally.I live in a small town and the feedback I get about their services and claim settlement is not very encouraging.Yes I know all policies are regulated by IRDA but I do not want my family to run from pillar to post when I am not there.
Hence the costly policies.
I know lic is reliable but sbilife has a cheaper option,is it as reliable?I mean the ease and speed of claim settlement.
Please guide and advise me. Yes I woke up late but it is better late than never.
Regards,
Trishit Ray