Which online term plan should I purchase ? SBI or Kotak

[samkapoor77]

I have a LIC policy for 15 lakhs. I further want to purchase an online term insurance plan for Rs. 50 lakhs so as to financially secure my family in case anything unfortunate happens to me. I have reduced my number of options of two viz. SBI eshield and Kotak. SBI has a better claim settlement ratio as compared to Kotak but carries a high premium. Please suggest me which out of these two I should convert.

[samkapoor77]

I will recommend you to pick SBI eshield. Don’t be too concerned for premium. It is more reliable as compared to other players.

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