Top 7 Term Insurance Plans with Highest Claim Settlement Ratio (CSR) in India

When you buy a term insurance policy, you are not buying an investment product—you are buying a solemn promise that if you do not wake up tomorrow, your spouse and children will receive ₹1 Crore or ₹2 Crores promptly without harassment or litigation.

1. Max Life Smart Secure Plus (CSR: 99.65%)

Max Life consistently leads the private life insurance sector with an exceptional 99.65% Claim Settlement Ratio and an industry-leading 3-year claims repudiation rate of just 0.28%.

• Standout Feature: Terminal Illness Benefit automatically pays 100% of sum assured (up to ₹1 Crore) immediately upon diagnosis of a terminal illness.
• Special Discount: Up to 15% discount for salaried professionals booking online via code `MAXONLINE15`.

2. Tata AIA Sampoorna Raksha Supreme (CSR: 99.30%)

Backed by the trusted Tata brand and AIA Group, this plan is renowned for its flexible payout formats (lump sum, monthly income, or escalating monthly income).

• Standout Feature: Whole-life coverage option up to age 100 with comprehensive multi-stage critical illness riders covering 40 conditions.

3. ICICI Prudential iProtect Smart (CSR: 99.17%)

One of India's most popular digital term products, having protected over 5 million lives. Claim settlement processing average is under 2.5 business days for non-investigative claims.

• Standout Feature: Smart Exit Benefit allows you to exit the policy at retirement age (e.g. 60 or 65) and get 100% of your paid premiums back without paying higher TROP rates!

4. HDFC Life Click 2 Protect Super (CSR: 99.39%)

A powerhouse from HDFC Life offering custom tailored benefits where the sum assured automatically escalates by 10% each year to counter inflation.

5. Bajaj Allianz eTouch (CSR: 99.04%)

Competitive pricing for younger age brackets (22–32 years) with built-in waiver of premium on diagnosis of critical illness.

6. SBI Life eShield Next (CSR: 98.75%)

Backed by India's largest lender, State Bank of India. Exceptional reach in Tier-2 and Tier-3 cities with seamless documentation requirements.

7. Kotak e-Term (CSR: 98.82%)

Kotak Mahindra Life provides very sharp pricing for non-smokers and female policyholders, alongside special occupational categories.

Comparison Table: Key Metrics