Top 10 Best Life Insurance Companies in India :- Life Insurance is one of the most important thing to do in our life. Life has no guarantees. No one wants his loved ones to be suffered after his untimely death. In this situation life insurance providers offer an amount to the nominee of a policy holder.
There are many life insurance companies in India. Here I am going to share you the Top 10 Life Insurance Companies in India which are very popular and trusted. So let’s read this article and choose the best for yourself.
Top 10 Best Life Insurance Companies in India
- 1 Top 10 Best Life Insurance Companies in India
- 1.0.1 1. LIC – Life Insurance Corporation of India
- 1.0.2 2. SBI Life Insurance
- 1.0.3 3. Reliance Life Insurance
- 1.0.4 4. ICICI Prudential Life Insurance
- 1.0.5 5. Bajaj Allianz Life Insurance Company
- 1.0.6 6. TATA AIA Life Insurance
- 1.0.7 7. Kodak Life Insurance
- 1.0.8 8. Birla Sun Life Insurance Company
- 1.0.9 9. HDFC Life Insurance
- 1.0.10 10. Max Life Insurance
1. LIC – Life Insurance Corporation of India
LIC is one of the most popular life insurance company in India. More than 250 millions people connected to LIC. This company is working since 59 years from now for which it very trusted. LIC provides life insurance across the country and even in the rural areas of socially and economically background classes at a reasonable cost.
The mission of this life insurance company is to ensure and enhance the life of people through financial security. The corporate office of LIC is located in Mumbai. LIC has Zonal Offices, 113 Divisional Offices, 2048 Branch Offices and more than 12 million agents.
There are different types of insurance plans from which you can choose the best for yourself. You can pay LIC premium through both offline and online mode. This is one of the best insurance companies in India.
2. SBI Life Insurance
SBI life is one of the ruling life insurance companies in India. SBI life is a combination of State Bank of India (India’s largest bank) and BNP Paribas (leading global insurance company).
State Bank group has 23000 branches across the country with 198 foreign offices in 37 countries. BNP Paribas is providing services in more than 70 countries.
SBI life provides many services like quick SMS services, online premium payment, policy payouts, policy alterations, claims and maturity, policy e documents, missed call services and many more.
3. Reliance Life Insurance
Reliance Life Insurance company is one of the leading private sector life insurance company in India. The company is one of the largest non-bank life insurance provider. It has more than 10 million policy holders.
This company has a strong distribution network of more than 700 branches and over 75000 policy advisors. Reliance Life Insurance Company is a part of Reliance capital which is one of India’s leading financial services companies.
4. ICICI Prudential Life Insurance
ICICI Prudential Life Insurance Company is a joint venture of ICICI Bank (One of India’s largest private sector bank) and Prudential Corporation Holdings Limited. ICICI Prudential Life started its services in the year 2001.
This company provides long term savings and protection services which is suitable for customers of different life stage. ICICI Prudential Life Insurance is the first Indian insurance company to be listed on NSE and BSE.
5. Bajaj Allianz Life Insurance Company
Bajaj Allianz Life Insurance Company is a joint venture between Bajaj Finserv Limited and Allianz SE.
This company was awarded in the ” Claims Service Company of the year” category at the Indian insurance awards 2014 and 2017. It provides faster claim deposits via electronic transfer. The company was started in 2001 and now it has more than 722 branches across the country.
6. TATA AIA Life Insurance
Tata AIA Life insurance is a joint venture company of Tata Sons limited and AIA Group limited. Tata AIA Life wins the Golden Peacock Award for risk management 2016.
The company provides complete protection for your family. You can select the best policy for your family using the catch up calculator from Tata AIA Life. This company has been awarded the AON Best Employer’s Award for 2 years in a row.
7. Kodak Life Insurance
Kodak Life insurance is one of the fastest growing life insurance companies in India. The company covers more than 19 million lives across the country. It delivers the customers outstanding value. Kodak Life insurance helps you understand the policies in a simple way. You can secure your family’s future with Kodak Life insurance.
8. Birla Sun Life Insurance Company
BSLI – Birla Sun Life Insurance Company is a joint venture between Aditya Birla Group and Sun Life Financial Inc. This Life Insurance Company has more than 2.5 million policy holders.
The company was founded in 2000. The company in based in Mumbai. The Aditya Birla Group operates in 40 countries with more than 120000 employees worldwide. Sun Life Financial Inc. is one of the largest life insurance companies in the world, based in Canada.
9. HDFC Life Insurance
HDFC Standard Life Insurance Company is a joint venture between Housing Development Finance Corporation Limited and Standard Life Aberdeen plc. HDFC life was established in 2000.
The company operates over 12000 branches across India. It offers 31 individual and 10 group products along with 8 optional rider benefits for customers during their different stage of life.
10. Max Life Insurance
Max Life Insurance Company was founded in 2000 and started its operations in 2001. The headquarter of this company is located in New Delhi. This is one the largest non-bank private insurance company in India.
It a joint venture between Max financial services and Mitsui Sumitomo Insurance Company. Max life offers different types of life insurance plans like protection plan, child plan, saving plans and more.
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