New India Assurance Company vs SBI Life Insurance
On CSR alone: SBI 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.
New India Assurance — Strengths
- +Oldest and largest public sector general insurer — government-backed
- +Mediclaim policy — one of India's most widely held health plans
- +Accepted at virtually all government and major private hospitals
- +Lower premiums compared to private sector equivalents
- +Floater policies available for families at competitive rates
SBI Life — Strengths
- +Accessible through SBI's massive branch network
- +95.74% claim settlement ratio (2023-24)
- +eShield Next term plan is competitively priced