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India First Life Guaranteed Protection Plus vs TATA AIA Maha Raksha Supreme
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India First Life Guaranteed Protection Plus with similar Term Insurances
TATA AIA Maha Raksha Supreme with similar Term Insurances
Compare India First Life Guaranteed Protection Plus and TATA AIA Maha Raksha Supreme
Claims Track Record:
India First Life Guaranteed Protection Plus
India First Life Insurance Company has settled 99.73% of their claims within 30 days but with a higher number of claim-related complaints, compared to other insurers. Their estimated claim settlement ratio is 97.04%, and their estimated claim amount settlement ratio is 91.10%. And, you can track your claim online. However, there are a few limitations. The company does not offer personal relationship managers for claims, home pickup of claims, or toll-free claim support. They also offer a very long form for claims.
TATA AIA Maha Raksha Supreme
TATA AIA Life Insurance Company has built a good reputation in both the purchase and claim settlement processes. They have achieved an impressive 99.80% claims settlement rate within 30 days, with fewer claim-related complaints. Their claim settlement ratio is 99.01% and claim amount settlement ratio is 94.65%. Furthermore, it offers online tracking of claims and a convenient home pick-up service for claim documents. However, it's important to note that they do not provide a personal relationship manager or a dedicated toll-free service for claims. And, their claim form is relatively lengthy.
Service Experience:
India First Life Guaranteed Protection Plus
India First Life Insurance Company can be reached via their toll-free number and Twitter. However, the response rate on the toll-free number is slow and Twitter is average, compared to other insurers. This means your family may not get prompt assistance for your queries.
TATA AIA Maha Raksha Supreme
TATA AIA Life Insurance Company provides customer service through both their toll-free number and Twitter. Based on our research, it appears that their toll-free service offers a prompt response, while their response rate on Twitter is slow, compared to other insurers. So, you can contact their toll-free number to receive timely assistance for issues, queries, etc.
Product Benefits:
India First Life Guaranteed Protection Plus
The India First Life Guaranteed Protection Plus Plan offers a wide range of customization options. However, the plan doesn’t have an increasing cover feature. India First Life Guaranteed Protection Plus Plan offers coverage for up to 99 years, with a variety of rolling limited payment options, ranging from 5 to 40 years. Premiums can be paid monthly or annually. You can choose from multiple claim payout options, including one-time lump sum and lump-sum with monthly income option. The India First Life Guaranteed Protection Plus Plan offers only a Waiver of Premium Rider for Critical Illness and Accidental Disability. A rider is an optional add-on that provides extra protection and peace of mind - so you can be fully prepared for anything life may bring.
TATA AIA Maha Raksha Supreme
The TATA AIA Maha Raksha Supreme policy offers a variety of customization options. However, it's important to note that this policy does not provide the choice to increase the cover amount over time. With the TATA AIA Maha Raksha Supreme policy, you can enjoy life coverage up to age 85, and it offers several rolling Limited Pay options that range from 5 to 40 years. The claim payout option for this policy is limited to a one-time lump sum payment. Additionally, TATA AIA Maha Raksha Supreme policy offers the option to add riders, such as a Critical Illness Rider and an Accidental Death Benefit Rider. These are optional add-ons that can provide additional protection in case of specific circumstances.