I feel HDFC life is really good with the claims based on their claims ratio numbers from last 5 years. Don't buy Term policy till 75-80yrs buy only till the age, where your family is dependent on your income.
Honestly you can choose any health insurance whoever have rejection ratio less than 1%. Just go for this criteria and choose whichever is cheaper. Don't go brand wise because even if term insurance company will be closed in future , they're always backed by another term insurance companies as per IRDAI. So choose cheaper one in stead of choosing branded one.