I hold a HDFC Click2Protect term life of 1 CR. Yesterday I was informed by them pertaining to the merger of HDFC Life with Max Life. Though I see that in your Best term Insurance Plan -2016 post, the claim settlement of Max Life looks impressive (96%), but I understand due to other associated factors, Max life didn’t feature in your recommended top 5 plans, but HDFC Life was there. So my question to you is: What’s your thought pertaining to this merger? Are you foreseeing any risk associated with this ?
Due to this announcement only i chose to go with Max life instead of HDFC as it was cheaper and came with some additional benefits such as guaranteed claim settlement in 2 weeks and higher claim settlement ratio after LIC. Hope that was a good decision.