Max Life Insurance vs United India 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.
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
United India — Strengths
- +Government of India ownership — maximum financial security
- +Lowest premium options — PSU pricing is heavily subsidised
- +14,000+ network hospitals nationwide including in rural areas
- +Serves government employees and scheme beneficiaries
- +No profit motive — policyholder interests prioritised over shareholders