Care Health Insurance vs Life Insurance Corporation of India
On CSR alone: LIC 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.
Care Health — Strengths
- +90.32% claim settlement ratio (2023-24)
- +Covers AYUSH and mental health treatment
- +No co-payment for policyholders under age 61
- +Global cover available as add-on
LIC — Strengths
- +Sovereign government backing
- +Largest branch network in India
- +98.62% claim settlement ratio (2023-24)
- +Pays claims on schedule without delays