ICICI Prudential Life 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.
ICICI Pru Life — Strengths
- +97.90% claim settlement ratio (2023-24)
- +iProtect Smart is one of the most-bought term plans online
- +Same-day policy issuance for healthy profiles
LIC — Strengths
- +Sovereign government backing
- +Largest branch network in India
- +98.62% claim settlement ratio (2023-24)
- +Pays claims on schedule without delays