I have 3 Jeevan Anand policies from LIC on my name. All the three policies have completed 5 years. I wish to surrender them and use the surrender value in paying premium towards term plan for a higher amount. I need your expert guidance in suggesting me a suitable and good term insurance plan with good claim settlement ratio, service, coverage and low premium.
There are many players in the market like Aviva, HDFC, LIC, etc. You can get their claim settlement ratio IRDA’s website. Whichever insurer you choose, don’t forget to give complete and honest details to the insurer.