The conversation between human and AI assistant.
How do I select best term insurance plan?
Yes, I've heard about them. But can you give me some more information on how to compare these factors across different insurance providers?
Sure. You can compare the coverage amount by looking at the maximum amount offered by different providers. For premiums, you can compare the annual premium amounts or the total premium payable over the policy duration. Lastly, for claim settlement ratio, you can look at data published by the Insurance Regulatory and Development Authority of India (IRDAI), which provides a comparison of the claim settlement ratio of different providers.