Life Insurance Companies in India: As all of we know there is no shortage of Life Insurance Companies in India. At this point, we have to choose the best life insurance company. Therefore, we will give you the top most life insurance companies in India list in this article. There are also advantages and disadvantages of these enterprises. Furthermore, you can directly reach the business and get the complete information.
Moreover, Life insurance is nothing but, it an agreement between the company and the policyholder. Another important thing is, the company must be in a position to make its customers trust on them. As a result, you should wisely choose the best one among the life insurance companies in India.
Top Most Life Insurance Companies in India
Moreover, you should know the top most life insurance companies list in India to make your life secured. Ultimately, you will be benefited through out your life.
1. Life Insurance Corporation of India ( LIC)
It is one of the best largest life insurance companies in India and is a large investor. Apart from this, it is India’s most major insurance corporation. The government ultimately monitors LIC. It consists of 2048 branches in different parts of India employing 1 million agents.
2. ICICI Prudential Life Insurance
Our second best life insurance companies of India is ICICI Prudential Life Insurance. It has over ten lacs people registered the plan. It has over 1000 branches all over India. Moreover like LIC it also has a variety of programs.
It is one of the leading insurance companies in India and is spread over 70 countries. At the same time, Bajaj Allianz Life Insurance has branches are around 1200 across the country. Also, it is linked with traditional, child, pension policy. Its head office is in Pune.4.HDFC Standard Life Insurance
The best popular choice among life insurance companies in India is HDFC Standard Life Insurance Company. Recently, it has become the first life Insurance Compay in India to offer pension plans to the new customers.
5. Max Life Insurance
Max Life Insurance Company was established in the year 2000. The company started its operating during 2001. Presently, it is one of the leading names in the Indian insurance industry. Presently, it is the biggest life insurer among the privately held non-banking companies of India.
This SBI Life Insurance is a Joint venture between State Bank of India and BNP Paribas Cardif. The latest products of SBI Life are SBI smart performer and Unit plus super. Moreover, it offers variant plans like saving plans, unit link plan, child plan and pension plan to cater the needs.7. Kotak Life Insurance
It has become the most reputed and financial services organizations in India. Kotak Mahindra is a leading player in the domain of life insurance. It also offers a range of financial services ranging from commercial banking, broking to mutual funds and investment banking.
8. Birla Sun Life Insurance
Birla Sun Life Insurance has a huge customer base of over two million policyholders. Moreover, they have a reputation of catering to their clients with a very competitive interest rate.
9. Reliance Life Insurance
The good thing about Reliance Life Insurance is that it is overgrowing compared to other life insurance companies in India. This insurance company consists of four different category plan as Young & Single, Just married, Proud Parents and Pre-retirement.
10. ING Vysya Life Insurance Co
ING Vysya Life Insurance India is also one of the leading providers of life insurance products in India. It is providing its service to over million customers for at least a decade. The unique thing about ING Vysya is their inheritance plan for saving & investments.
11. AEGON Life Insurance
The goal of this company is to provide a customer centric business along with excellent and innovative working professionals. The plans offered by the corporation are Group Plan, Child plan, Endowment Plan, Saving Plan, etc.
12. Aviva Life Insurance
Aviva Life Insurance is among the first life insurance companies in India to introduce modern unit-linked and unitized with-profit policies. Apart from this, it is expanding its distribution through online products. Aviva Health Secure, an another online health insurance plan was launched to cater to the fast developing online insurance market.
13. IDBI Federal Life Insurance
Presently, IDBI Federal Life Insurance ranks as one of the best life insurance companies in India. Also, the bank offers an ingenious technological solution to the clients. Another important thing is the age limit of 18 to 55 years as the eligibility requirement.
14. PNB MetLife Insurance
PNB MetLife Insurance Company was established in the year 2008. It was recognized as a best private sector insurance company for the year 2013-2014. For the insurance products offered by the corporation, the eligibility criteria start from minimum 18 years –maximum 65 years old.