Life Insurance Companies in India

My son is has finished his master’s degree in the USA, and has finally settled down with a great job. He lives in San Diego, and has set up a nice house along the coast. He has been asking me and my wife to join him for a few months. Since the visa permits that we stay for 6 months, we have booked our trip in such a way. However, I am not in the best of health. If something unfortunate happens to me while I am in the US, will my life insurance still be valid? Can my beneficiaries still get the sum assured?
Asked Mar 30, 2015
Yes. The life insurance companies in India will cover a death in another country, if you are an Indian resident. So, your beneficiaries will be entitled to the sum assured, when they file for a claim.
Answered Mar 30, 2015
List of Life Insurance Companies in India Claim Settlement Ratio

AEGON Life Insurance 95.67%

Aviva Life Insurance 94.45%

Bajaj Allianz Life Insurance 92.04%

Bharti AXA Life Insurance 96.85%

Birla Sun Life Insurance 94.69%

Canara HSBC OBC Life Insurance 95.22%

DHFL Pramerica Life Insurance 96.62%

Edelweiss Tokio Life Insurance 95.24%

Exide Life Insurance 96.81%

Future Generali India Life Insurance 93.11%

HDFC Standard Life Insurance 97.80%

ICICI Prudential Life Insurance 97.88%

IDBI Federal Life Insurance 91.99%

IndiaFirst Life Insurance Company Ltd - India First 89.83%

Kotak Life Insurance 93.72%

Life Insurance Corporation of India 98.04%

Max Newyork Life Insurance 98.26%

PNB MetLife Insurance 91.12%
Answered Sep 25, 2019

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