ICICI Prudential Life Insurance vs Max Life Insurance
On CSR alone: Max 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.
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
Max Life — Strengths
- +99.51% claim settlement ratio (2023-24) — highest in the industry
- +Terminal illness benefit included by default
- +Strong bancassurance via Axis Bank