Life Insurance is more meaningful for your family. A yearly contribution helps the family in case of family tragedy. Choosing a right insurance company is a must. How dependable are the companies, No one can say for those which are new but the ones which are older than 20 years should be trusted as they have committed the promise by paying the maturity proceeds to those policies which have matured.
As only one company in INDIA had been functioning since years I would request everyone to have trust in it any not the new comers. The new companies are formed with a contribution of 100 to 500 Crores which Life Insurance Corporation probably collects as a premium amount from one regional branch. With a wide area network & government backing I recommend the people who are surfing to buy insurance as an investment and buy from Life Insurance Corporation of India Only.
Example ICICI Prudential Life Insurance Policy Document clearly reflects that the premium is uncertain during the term of the policy.