Although it is not true but you may find buying insurance a little overwhelming especially when looking to buy for the first time. While there are many things you must understand before finalizing your insurance, the two concepts related to claim settlement we will talk about maybe deal breakers for you.
Claim settlement ratio (CSR) and incurred claim ratio (ICR) are the two terms frequently used in insurance industry. Both may sound similar, but they serve different purposes.
While CSR reflects how many claims an insurer actually honours, ICR tells you how much claim is paid against premium received from customers by the insurance company. Clarity on both helps you make informed decisions.

Tobacco use including smoking has been linked to various health problems and an elevated risk of life threatening diseases including cardiovascular disease, lung cancer, throat cancer, etc. This higher risk of life-threatening diseases is the primary reasons why tobacco users including smokers are charged a higher premium for life insurance plans compared to non-smokers with a similar profile.

In spite of such higher premiums, smokers are eligible to purchase term insurance policy in order to protect their family’s financial future. Let’s take a closer look at how term insurance for smokers and other tobacco users work.

The ring, the pearls, the latest perfume or tickets for a great vacation, you too would have tried out various things. But what if we tell you of an expression of love that would remain untouched by the ravages of time? We don’t know if diamonds are forever or not, but a suitable term insurance plan will definitely be there to financially aid your spouse, in case you’re not around.

If you want to know more, read on.

Life is unpredictable, and while we can't control the future, we can protect our family from the unexpected. One way to do this is to purchase a term insurance plan that suits the protection needs of your loved ones as well as your own. One such plan is the Axis Max Life Smart Term Plan Plus (UIN: 104N127V04 | A Non Linked Non Participating Individual Pure Risk Life Insurance Plan), which is designed in a way to offer flexible life cover along with other key benefits that you can customize as per your preference and convenience.

In this blog, we shall walk you through some of the key features and benefits of Axis Max Life Smart Term Plan Plus.

For purchasing term plan, one of the important factors considered by the insurance providers is your health. If you’re someone dealing with Diabetes, Type I or Type II, you might assume that you are ineligible for a pure protection term plan. However, currently you do have the option to get life cover under specially designed term plan for diabetics. So, if you have diabetes but you keep it well-managed and your blood sugar levels are regularly monitored, the chances of getting protected with a term plan for diabetics are pretty good. In this blog, we will guide you about the eligibility for term insurance for diabetics along with the benefits and features of this type of term insurance plan.