I was hunting for a good term plan for age 43 for 20 year after deciding to close LICs, ULIPs and all expensive terms plans we have.

And did a research about the claim settlement ration for all companies from the site of IRDA.

Incase you want to do it yourself you can goto www.irda.gov.in and find the list of insurance providers links.

You need to check L40 paragraph and see that they have total claims filed and total claims accepted which gives the ratio below.

You can see the color orange being above 90% from where you can choose the providers ,

yellow being above 80% and

red being below 80% which must be avoided. They will lure you with various riders and exemptions but remember when you buy a term its for someone you love and will not leave in the hands of cheaters or who make your loved ones run for what you paid all you life.

So check the premiums for each company for 1 crore, 20 yrs , non smoking.