Compare Term Insurance
SBI Life eShield Next vs Bajaj Allianz Life Diabetic Term Plan
View detail comparison
SBI Life eShield Next with similar Term Insurances
Bajaj Allianz Life Diabetic Term Plan with similar Term Insurances
Compare SBI Life eShield Next and Bajaj Allianz Life Diabetic Term Plan
Claims Track Record:
SBI Life eShield Next
SBI Life Insurance Company has a record of very good performance in both the purchase and claim settlement processes. They have settled 86.16% claims within 30 days and have received fewer claim complaints. Their claim settlement ratio stands at an impressive 93.09%, with a claim amount settlement ratio of 86.22%. They offer a dedicated toll-free claims service. However, they do not provide a personal manager for the customers and there is no opportunity to track your claim online. Home pickup claim services are also not available.
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.
Service Experience:
SBI Life eShield Next
SBI Life Insurance Company provides customer service through toll-free and Twitter. But, according to our research, their toll-free service is average and their response time on Twitter is slow, compared to other insurers. This might create difficulties for you and your loved ones in times of need.
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.
Product Benefits:
SBI Life eShield Next
SBI Life eShield Plan provides flexibility and customization to meet your specific needs. There are several benefits of SBI Life eShield Next Plan, one of them is to increase your coverage by 10% from 6th policy year until the base cover gets doubled. Your coverage increases at the end of every 5th year. The SBI Life eShield Plan offers a life cover up to the age of 85 years (99 years if entry age is more than 45) with Limited Pay options like 5, 7, 10, 12, 15, 20, and (PT - 5) years. It also offers claim payout options, like one-time lump sum and monthly instalments. SBI Life eShield Plan comes with an Accidental Death Benefit Rider to help your family cope financially with unfortunate situations.
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.