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Bajaj Allianz Life Diabetic Term Plan vs LIC Jeevan Kiran
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Bajaj Allianz Life Diabetic Term Plan with similar Term Insurances
LIC Jeevan Kiran with similar Term Insurances
Compare Bajaj Allianz Life Diabetic Term Plan and LIC Jeevan Kiran
Claims Track Record:
Bajaj Allianz Life Diabetic Term Plan
Bajaj Allianz Life Insurance Company has settled 99.91% of claims within 30 days. Their claim settlement ratio is 99.04%, and their claim amount settlement ratio is 93.45%. Plus, they have received fewer complaints when it comes to claim settlement. Customers can benefit from some convenient services, such as an online claim tracking system and a dedicated toll-free number, ensuring efficient claims processing. They have also simplified the process with a short claim form. It's worth noting, however, that Bajaj Allianz Life Insurance Company does not offer a personal relationship manager for claims and does not provide home pick-up of claims.
LIC Jeevan Kiran
LIC (Life Insurance Corporation of India) maintains a successful track record. They have achieved a commendable rate of settling 97.95% of their claims within 30 days, with fewer complaints. Their claim settlement ratio is 98.52%, and claim amount settlement ratio is 96.02%. The best part is that they offer the advantage of a short claim form. However, it's important to note that Life Insurance Corporation of India does not offer a personal relationship manager for claims, a home pick-up claim service, or toll-free claim support. Furthermore, they do not provide online tracking of claims.
Service Experience:
Bajaj Allianz Life Diabetic Term Plan
You can reach out to Bajaj Allianz Life Insurance Company for assistance through their toll-free number or Twitter. According to our research, the customer service on the toll-free number is prompt, while on Twitter, it is slow, compared to other insurers. This means you or your family should go for their toll-free number to get timely assistance.
LIC Jeevan Kiran
Life Insurance Corporation of India can be reached through their toll-free number and Twitter. Our research indicates that their Twitter response rate is slow, whereas their toll-free service is quick, compared to other insurers. Therefore, if you or your family have any questions or concerns, you can contact them through their toll-free number for prompt assistance.
Product Benefits:
Bajaj Allianz Life Diabetic Term Plan
Bajaj Allianz Life Diabetic Term Plan offers many customization options to suit your specific needs. It offers a lifetime cover up to the age of 75. However, it doesn’t offer an increasing cover feature or limited pay options. The premium for Bajaj Allianz Life Diabetic Term Plan can be paid monthly, quarterly, half-yearly, or annually. It offers the claim payout as a one-time lump sum payment. You can extend the coverage of your policy by adding riders to your policy. However, Bajaj Allianz Life Diabetic Term Plan doesn’t offer riders.
LIC Jeevan Kiran
LIC Jeevan Kiran offers various customization options. It offers a life cover up to the duration of 70 years. The premiums are payable either monthly, quarterly, half-yearly, or annually. And, the payout options include a lump sum option and monthly instalment option. However, it doesn’t offer an increasing cover option or limited pay options. LIC Jeevan Kiran provides only 2 riders - Accidental Death Benefit Rider and Waiver of Premium Rider for Accidental Disability. You can include riders in your base policy to enhance its coverage.