How is ET Money's top pick decided?

ET Money's top pick is determined by evaluating five critical factors, each assigned a weight according to its importance. The weighted factors are as follows:

1. Claim Settlement Ratio: 0.4
2. Consistency of Claim Settlement Ratio: 0.2
3. Time in the market: 0.1
4. Solvency Ratio: 0.1
5. Premium: 0.2

To identify the top recommendation, data for all insurance companies is collected and analyzed. A weighted average calculation is then performed, factoring in the importance of each criterion. The company with the highest weighted average emerges as ET Money's top recommended choice.