Surprised to see the LIC Life insurance premiums are way too high compared to any others. Going through Offline agents is passe – still there are umpteen agents around. Offline premiums are about a half to a third higher than the online Tech Term premium by LIC itself and definitely twice or more than the other private players. I guess we are all paying for the added risks of all NPAs that LIC gets loaded with. Past only-play-in -town like LIC has to learn from competition now. Most of the time their premium calculators do not work in their website. Too many products in life insurance space to confuse customers and most of the agents are unaware of all of them, and sell only a handful. SBI and IndiaFirst (promoted by Bank of Baroda and UBI) are both having dismal to bad settlement rations of claims. MaxLife seems to be the winner on both accounts – both lower premium and claim settlement ratios but one needs to understand the riders better. #licofindia #MaxLife #SBI #Indiafirst