Term Insurance Plan Ratings — Independent Analysis
A term plan’s real value only shows up when a claim is filed, not before.
Use MyRupia’s term insurance ratings tool below to see how any plan you’re considering rates on claim experience, product features, and premium value. All independently assessed, not insurer-marketed.
Calculator / Tool
Factors Used to Rate Term Insurance Plans
These are the parameters evaluated for every plan under our independent analysis.
Claim Settlement Ratio (CSR)
Percentage of claims settled against total claims received in a financial year, typically assessed as a three-year average to smooth out year-to-year swings.
Amount Settlement Ratio (ASR)
Share of the total claimed amount actually paid out, rather than just the number of claims approved. A higher ASR indicates that the insurer pays a larger proportion of the amounts claimed, while a lower ASR may suggest more deductions, partial settlements, or claim reductions
Solvency Ratio
A measure of an insurer’s ability to meet long-term claim obligations. IRDAI requires every insurer to hold a minimum solvency ratio of 1.5, and the margin above that floor signals financial stability.
Complaint Volume per 10,000 Claims
Complaint volume is an indicator of friction in the claims process. It shows how many policyholders had cause to formally escalate a concern relative to the number of claims handled.
Claim Experience & Turnaround Time
Covers how documentation is handled, how quickly straightforward claims move, and how delays or disputes on complex cases are typically resolved.
Product Features
Riders such as critical illness cover, accidental death benefit, and waiver of premium, along with payout flexibility and policy term options. The parts of a plan that determine how much real protection it adds beyond the base sum assured.
Premium Value
Premiums are benchmarked against comparable cover at standard ages and sums assured, so affordability is judged relative to similar plans rather than in isolation.
Benefits of Using MyRupia's Term Insurance Ratings
See Ratings at a Glance
Compare how plans score before going into
the details.
A Starting Point, Not a Final Answer
Use the rating as a reference before a deeper
conversation.
Independent of Insurer Influence
Ratings carry no commission-linked
bias toward any insurer.
Updated as Plans Change
Scores are revisited when insurers update
policy terms.
Review Your Term InsuranceWith a MyRupia Advisor
After checking a plan’s rating, a conversation with an independent insurance advisor on MyRupia can take it further. Advisors can help review:
- The rated plan against your specific needs
- Your existing term insurance policy, if you already have one
- Riders, and whether your current sum assured is still adequate
- Policy exclusions and what they mean for the nominee
- Questions around an ongoing or upcoming claim
Advisors on MyRupia are independent of any single insurer and are not paid to push a particular plan. Their role is to help you understand what a rating means for your situation, not to close a sale.
Not Sure If a Well-Rated Plan Fits Your Needs?
A rating tells you the plan is solid, not whether it suits your income, dependents, or existing cover. Take a free 15-minute consultation with an independent insurance expert from MyRupia to clear your doubts.
Find the Right Plan | Review Your Riders | Identify Coverage Gaps
Frequently Asked Questions
How often are term insurance ratings updated?
Ratings are revisited periodically and whenever an insurer makes a material change to a plan’s terms, so the score reflects the most recent version of the policy.
Does a high rating mean I don't need to look at anything else myself?
Not entirely. A rating indicates the performance of a plan on claim experience, features, and value, but you should still consider your income, dependents, and coverage before your final decision. Use the rating as a filter, then check the fit with an advisor.
Is MyRupia paid by any insurer to rate their term plans?
No. MyRupia does not earn commissions tied to specific plans, and the same rating parameters apply to every insurer evaluated.
Should I rely on Claim Settlement Ratio alone when picking a plan?
No. CSR is one useful indicator, but Amount Settlement Ratio, complaint volumes, solvency, and product features all affect the real outcome at claim time, which is why each is rated separately here.