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Best Term Insurance Plans India 2026 — by Claim Settlement Ratio
InvestingPro comparison of term life insurance plans ranked by IRDAI claim settlement ratio — the single metric that decides whether your nominee actually gets paid.
Last updated: 6/30/2026, 4:13:42 AM
Data Points
| Item | Value | Change |
|---|---|---|
| Max Life Smart Secure Plus | 99.3% CSR | |
| HDFC Life Click 2 Protect Super | 98.6% CSR | |
| ICICI Prudential iProtect Smart | 97.8% CSR |
Key Insights
- 1Highest claim settlement ratio in our set: 99.30%
- 2Average CSR across compared plans: 98.6%
- 3A CSR above 98% is excellent — it matters more than a slightly lower premium
- 4Online term plans are 30-40% cheaper than offline for the same cover
Methodology
Plans from InvestingPro's insurance database; claim settlement ratios per the latest IRDAI annual report. Premiums vary by age, cover, and smoker status.