I want to buy one online term plan of 1 cr cover. I have shortlisted Kotak e preferred, HDFC click2 protect, Aviva i life and ICICI i care ( All the insurance companies do not serve at my place; otherwise I could have considered Aegon Religare as well). Which one should I go for? Aviva’s premium is the lowest , but it’s claim settlement ratio is not very attractive. ICICI’s claim settlement ratio is attarctive, but it is not doing any medical test even for 1 cr cover which I think may create problem/harrasment during claims. With Kotak I can opt for a lower cover right now (say Rs 60 lakh) and step up at later stage( say after taking a home loan); but its premium is high, and claim settlement ratio is not one of the highest. ( also Kotak’ plan is not available in my city, but they say I can choose a city nearest to me and go on buying the plan. Will that not be a problem during claims?). So I am inclined towards HDFC click 2 protect.
Any suggestions ?