Because no other payment will be made to the policyholder in a term plan . So as far as insurance companies are concerned term plans are bit risky for them because for a very low premium they offer very high sum Assured. … Only 4 to 5 private insurers have this ratio more than 90%. Lic has 99.38% claims settlement ratio. Mar 25, 2017
Why LIC term plan is so costly?
Mar 07, 2020