Bajaj Allianz Life Insurance vs Life Insurance Corporation of India
On CSR alone: Bajaj Allianz Life leads with a higher claim settlement ratio in FY 2023-24. But CSR is one data point — also compare plans, premiums, and network before deciding.
Bajaj Allianz Life — Strengths
- +99.07% claim settlement ratio (2023-24)
- +Large rider menu for customising cover
- +Good value on monthly premium payment terms
LIC — Strengths
- +Sovereign government backing
- +Largest branch network in India
- +98.62% claim settlement ratio (2023-24)
- +Pays claims on schedule without delays