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Insurance

Term life, health, motor and travel insurance compared on claim settlement ratio, waiting periods and exclusions.

Credsir Editorial Team · MBA · 14 years in fintech
Updated 9 Sep 2026

Term life, health, motor and travel insurance compared on claim settlement ratio, waiting periods and exclusions — the three things that decide whether a policy pays.

Cover is bought on price and claimed on wording, and those are not the same document. Two decisions carry most of the money: how much term insurance your dependants would actually need, and whether a health insurance policy’s room-rent cap and waiting periods leave anything for you to claim. Cover for a shop, a fleet or a professional practice sits with the rest of the small business section. Every ranking below is computed rather than curated, and the weights are published in our rating methodology.

Rankings and comparisons

Best Car Insurance

Choosing the best car insurance involves more than just the lowest premium

Best Critical Illness Plans

Rider or standalone: which critical illness route wins, why the condition count misleads, and the IRDAI rules that decide your claim.

Best Family Floater Plans

One sum insured across the family — when the structure works, when it fails, and what IRDAI guarantees you either way.

Best Health Insurance Plans

Finding the best health insurance involves more than just comparing premiums

Best Home Insurance

Structure versus contents, and why Bharat Griha Raksha changed the comparison.

Best Maternity Insurance

Maternity cover carries a waiting period of two years or more, and a sub-limit that is often smaller than the hospital bill. Buy it before you plan, or use the employer policy.

Best Senior Citizen Health Insurance

Entry age, co-pay and room rent sub-limits decide what a senior citizen policy pays — not the sum insured on the brochure.

Best Term Insurance

Claim settlement ratios for 4 life insurers, from IRDAI data — the number that decides whether a term policy pays, and the two things that matter more than which insurer you pick.

Best Top-Up & Super Top-Up Plans

Super top-up beats plain top-up in almost every case — how the deductible works, and the waiting periods a top-up does not remove.

Best Travel Insurance Plans in India

Choosing the best travel insurance requires looking beyond the advertised daily premium

Cashless vs Reimbursement Claims

IRDAI's one-hour and three-hour clock on cashless claims, the paperwork each route needs, and the 60-month moratorium.

Term vs Endowment vs ULIP

Buy term and invest the difference — why an endowment policy structurally cannot beat PPF, and where a ULIP genuinely fits.

Third-Party vs Comprehensive Insurance

Third-party is the legal minimum and pays nothing towards your own vehicle. What the extra premium on comprehensive actually buys.

How to

How Much Term Cover Do You Need?

Two methods for sizing a term plan, what each one assumes, and why the income multiple you were told is a starting point rather than an answer.

How to File a Motor Claim

The claim sequence step by step — intimation, the 72-hour surveyor rule, cashless versus reimbursement, and when you actually need an FIR.

Why Life Insurance Claims Get Rejected

Non-disclosure is the main reason a life insurance claim fails, and Section 45 sets the three-year clock that decides whether the insurer can still contest it.

Guides and explainers

Ayushman Bharat PM-JAY

Who qualifies for the ₹5 lakh cover, what it pays for, and how to find an empanelled hospital.

Bike Insurance — Cover, Premium and Exclusions

Finding the best bike insurance involves more than just the lowest premium.

Business & Professional Insurance

How a business claim is actually settled, and the sum insured mistake that cuts most payouts.

Claim Settlement Ratio of Life Insurers

IRDAI individual death claim data insurer by insurer, how to read it, and the misreading that makes people buy the wrong term plan.

Cyber Insurance for Individuals in India: Read the Exclusions First

RBI already caps your liability on an unauthorised bank transaction. Know that rule before you pay for a cyber policy.

Electric Vehicle Insurance

What an EV policy must cover that a petrol one need not: battery, charger and the third-party discount.

Health Insurance Claim Ratio — What the ICR Tells You

How much premium an insurer pays out in claims, what a good ratio looks like, and how it differs from the settlement ratio.

Health Insurance Portability

Switch health insurer at renewal and keep the waiting periods you have already served.

IDV: Insured Declared Value

What IDV is, the depreciation schedule that fixes it, and why a low IDV makes a write-off more likely.

Insurer Reviews

IRDAI claim settlement data by insurer, why a 96% ratio can beat a 99% one, and why this page carries no star ratings.

IRDAI Rules & Grievance Redressal

The 30-day free-look period, nomination rules, and how to win at the Insurance Ombudsman.

No Claim Bonus (NCB)

The 20% to 50% NCB scale, why it is yours and not your car's, and how to carry it to a new vehicle.

Personal Accident Insurance

The routes to accident cover, ranked — starting with the government's ₹20-a-year scheme, and why there is no product leaderboard.

Pet Insurance in India

What an IRDAI-filed pet policy actually pays, why the caps are small, and when self-insuring your dog is the better answer.

Pre-Existing Disease Waiting Periods

The statutory 36-month cap on PED waiting periods, the 60-month moratorium, and where to find your own number.

Room Rent Limits & Sub-Limits

How proportionate deduction shrinks a health claim, and the three expense heads it is not allowed to touch.

Term Insurance for NRIs

Buying an Indian term policy from abroad, and why the premium account decides whether the payout can leave India.

Term Insurance Premium Comparison

Your term insurance premium calculator helps estimate costs for financial security

Term Insurance Riders: Which Are Worth Buying

Buy a bigger base cover before you buy any rider. Waiver of premium is the one that usually earns its cost.

Zero Depreciation Add-On

What the standard policy deducts from a replaced part, and why the add-on stops paying after about five years.

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