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Top 10 Life Insurance Companies list in India

Top 10 Life Insurance Companies list in India

Top 10 Life Insurance Companies list in India

life insurance This is most important everybody and every family.This is also support your family.When a person suddenly death provider support to the family.But this very  essential to get a life insurance policy from a reputed and trustworthy insurance company to get full benefit of your investment.Below we  discuss top 10 life  insurance companies list  in India. This life insurance industry is this  India is the very big in the world and is predicted to grow at a Compound Annual Growth Rate of 12-15 percent.We discuss  few  insurance companies in this India; these are the also best companies offering Insurance.

Top 10 Life Insurance India

Few types of life insurance policies offered by companies in India are:

  • Term Life Insurance Policy – This policy, beneficiaries of the insured person receive money in case of his/her death.
  • Money Back Policy –  This policy, the insured person receives money during the period of the policy and in case of death, his/her beneficiaries get the insured amount.
  • Endowment Policy –This policy, the insured person gets money during the period of the policy in intervals and in case of death of the insured person or on the maturity of the policy, a lump sum amount is given to the beneficiaries.
  • Unit Linked Investment Policy (ULIP) – This policy,Unit Linked Investment Policies offers the dual benefits of investment and insurance as in this policy one part of the premium goes as an investment in the fund and the second part is for the insurance cover.
  • Whole Life Policy – This policy.Whole Life Policies offers insurance cover for the entire life, i.e. there is no fixed duration. In case of death of the insured person, the insured amount is paid to his/her beneficiaries.

We discuss the leading insurance Companies list in India

Following are the  Insurance Companies list in india:

1.Life Insurance Corporation of India
2.Tata AIG General Insurance
3.Bajaj Allianz General Insurance
4.New India Assurance
5.ICICI Prudential Life Insurance
6.IFFCO TOKIO General Insurance
7.ICICI Lombard General Insurance
8.Oriental Insurance
9.Birla Sun Life Insurance
10.HDFC Standard Life Insurance

You Should Clarify About Top 10 Life Insurance India

1. Life Insurance Corporation of India (LIC): In this topic Top 10 Insurance Companies in India the LIC of India is the 1st position. LIC of India is the largest Insurance Company in India founded in 1956 and it is an Indian state-owned insurance group Headquartered in Mumbai, India. LIC offers to its customers such as insurance plans, pension plans, special plans and group schemes. You can choose below from following services which only LIC can offer:

A. Endowment Plan:
i) Single Premium Endowment Plan
ii) New Endowment Plan
iii) New Jeevan Anand
iv) Jeevan Rakshak
v) Limited Premium Endowment Plan
vi) Jeevan Lakshya
B. Money Back Plan:
i) New Money Back Plan – 20 Years
ii) New Money Back Plan – 25 Years
iii) New Bima Bachat
iv) New Children’s Money Back Plan
v) Jeevan Tarun
C. Term Assurance Plan:
i) Anmol Jeevan II
ii) Amulya Jeevan II
iii) e-Term
iv) New Term Assurance Rider
D. Pension Plans:
i) Jeevan Akshay-VI
ii) New Jeevan Nidhi
iii) Varishtha Pension Bema Yojana
E. Micro Insurance Plan.
F. Withdrawn Plan:
i) Jeevan Nischay ii) Market Plus I iii) Wealth Plus iv) Profit Plus v) Jeevan Aastha vi)Money Plus-I vii) Jeevan Varsha viii) Child Fortune Plus ix) Fortune Plus x) Jeevan Saathi Plus xi) Health Plus xii) Samridhi Plus xiii) Pension Plus xiv) Jeevan Nidhi xv) New Jeevan Dhara-I xvi) New Jeevan Suraksha-I xvii) Jeevan Vriddhi xviii) Jeevan Vaibhav (Single Premium Endowment Assurance Plan) xix) Jeevan Sugam xx) Two Year Temporary Assurance Policy xxi) Mortgage Redemption xxii) Flexi Plus xxiii) CDA Endowment Vesting At 21 xxiv) CDA Endowment Vesting At 18 xxv) The Whole Life Policy- Limited Payment xxvi) Health Protection Plus xxvii) Jeevan Arogya Bima Account 1 xxviii) The Whole Life Policy Bima Account 2 xxix) Jeevan Pramukh Jeevan Mitra (Double Cover Endowment Plan) xxx) Anmol Jeevan-I xxxi) New Jeevan Nidhi xxxii) Jeevan Amrit Jeevan Surabhi-25 Years xxxiii) Jeevan Bharthi-I xxxiv) Jeevan Surabhi-20 Years xxxv) The Money Back Policy- 25 Years xxxvi) Jeevan Mitra(Triple Cover Endowment Plan) xxxvii) Jeevan Surabhi-15 Years xxxviii) The Whole Life Policy- Single Premium xxxix) Jeevan Anurag xxxx) Komal Jeevan xxxxi) Child Career Plan xxxxii) Child Future Plan xxxxiii) Jeevan Kishore xxxxiv) Jeevan Chhaya xxxxv) Marriage Endowment xxxxvi) Educational Annuity Plan xxxxvii) Jeevan Saathi xxxxviii) Jeevan Shree-I xxxxix) Jeevan Ankur xxxxx) The Endowment Assurance Policy – Limited Payment xxxxxi) New Janaraksha Plan xxxxxii) The Money Back Policy – 20 Years xxxxxiii) Jeevan Tarang xxxxxiv) The Endowment Assurance Policy xxxxxv) Jeevan Anand xxxxxvi) Bima Bachat xxxxxv) Jeevan Aadhar xxxxxvi) Jeevan Vishwas xxxxxvii) Endowment Plus xxxxxviii) New Bima Gold xxxxxix) Bima Nivesh 2005 xxxxxx) Jeevan Saral xxxxxxi) Jeevan Deep xxxxxxii) Jeevan Mangal xxxxxxiii) Jeevan Madhur xxxxxxiv) Jeevan Mangal xxxxxxv) Amulya Jeevan-I xxxxxxvi) LIC’s Jeevan Shagun etc.
G. Unit Plan

H. Special Plan.
This company has approximately 1,20,000 agents & company’s assets are estimated at $250.50 billion. Website address: www.licindia.in

 Top 10 Life Insurance list in India

2.SBI Life Insurance Company Limited: SBI Life Insurance is the 2nd position in indian Insurance Companies list. This is a joint hazard life insurance company among State Bank of India (SBI) & BNP Paribas Assurance. SBI recognize 74% & BNP Paribas Assurance recognize 26% of the Capital. It appeared  in March’2001 & head office in Mumbai, India. SBI Life Insurance award Life Insurance & Pension Plan. Employee capacity with over 7,500 on-roll employees & 96,000 agents are obtainable.Website address: www.sbilife.co.in

 

3.Birla Sun Life Insurance Company Limited (BSLI): In this Top 10 Life Insurance Companies List BSLI is the next position in indian Insurance Companies list .  This is a joint hazard among Aditya Birla Group & Sun Life Financial Inc.It  appeared   in 2000 and has approx.It has  1,33,000 active employees.  This company is the  ten years old and current value is 21062 Crores. This Company Website address: www.birlasunlife.com

 

4.Reliance Life Insurance Company (RLIC): In this Top 10 Life Insurance Companies List this the 4th place for Reliance Life Insurance (RLIC) in indian Insurance Companies list .This is also  part of Reliance Group,This is the  India’s biggest private sector and this is a financial services company. It appeared  in 2001 & Head office in Navi Mumbai, India. Reliance Life Insurance Company also offers Individual and also Group Insurance Plans. This company Total Assets approx. 15000 Crores. This Company Website address: www.reliancelife.com

 

5.ICICI Prudential Life Insurance: In this Top 10 Life Insurance Companies List ICICI Prudential the 5th position in indian Insurance Companies list. This is  hazard venture between ICICI Bank and Prudential Plc, This is a leading international financial services group of company .Company  Head office in the United Kingdom. ICICI Prudential appeared in the year of 2000. This  company has. 15000 employees and over all the branches. This ICICI Prudential offers wide range of Insurance Products including Health, Wealth, Life Insurance & Medical Insurance etc.

 

6.Tata AIG Life Insurance: In this Top 10 Life Insurance Companies List Tata AIG is the 6th place in indian Insurance Companies list. This is a hazard  venture between Tata Group and American International Group (AIG). This partnership ratio Tata Groups hold 74 % and also AIG hold 26%. It appeared  in the year of 2001and Head office in Mumbai, India. This  company has give the employment to more than 2000 suitable professionals across all over the country it also has in more than 160 locations. Tata AIG offer Motor, Travel, Health & Accidental Insurance. This Company Website address: www.tataaiginsurance.in

 

7.ING Vysya Life Insurance:In this Top 10 Life Insurance Companies List  ING Vysya is the 7th position in indian Insurance Companies list. It appeared in 2001 and Head office in Bangalore, India. This  company is a hazard venture between Exide Industries and ING Insurance International B.V. ING Life Insurance India is current in all over 200 cities and also have serves over 1 million policy holders in this India with also have 7500 employees.
This Company  Website address: www.inglife.co.in

 

8.Bajaj Allianz Life Insurance: In this Top 10 Life Insurance Companies List Bajaj Allianz Life Insurance is the next position (8th) in indian Insurance Companies list. It is a hazard venture between Bajaj Auto Limited and Allianz. It appeared in 2001 and Head office in Pune, India. Bajaj Allianz offers a wide range of life insurance plans i.e. Term Plans, ULIPs, Traditional Plans, Life & Health Insurance Plans, Pension Plans & Women Insurance Plans etc. Website address: www.bajajallianz.com

 

9.Max Life Insurance: In this Top 10 Life Insurance Companies List Max Life Insurance is the 9th place in indian Insurance Companies list.This is  hazard venture between Max India Ltd. and Mitsui Sumitomo Insurance Co. Ltd. Max India is a leading Indian multi-business corporation while Mitsui Sumitomo Insurance is a member of MS & AD Insurance Group. It appeared in 2000 by Analjit Singh and Head office in New Delhi, India. Max Life Insurance offers different type of Insurance Policies i.e. Individual Insurance and Group Insurance.
This is Website address:www.maxlifeinsurance.com

 

10.HDFC Standard Life Insurance: In this Top 10 Life Insurance Companies List  HDFC Standard Life Insurance is the 10th  position in indian Insurance Companies list. This is  a hazard  venture between Housing Development Finance Corporation Ltd (HDFC) and Standard Life PLC. It appeared in 2000 by Hasmukhbhai Parekh and Head office in Mumbai, India. HDFC Life has about 15500 and 500 branches in India. HDFC Life’s offers Protection, Pension, Savings, Investment, Health along with Children and Women plans products.
This Company Website address: www.hdfclife.com

List of Life Insurance Companies In 2016 and also included claim settlement ratio details below

List of Life Insurance Companies INDIA

No Name Claim Settlement Ratio
1 AEGON Life Insurance 95.30%
2 Aviva Life Insurance 82.00 %
3 Bajaj Allianz Life Insurance 91.30 %
4 Bharti AXA Life Insurance 80.00 %
5 Birla Sun Life Insurance 88.45 %
6 Canara HSBC OBC Life Insurance 92.99 %  
7 DHFL Pramerica Life Insurance 22.14%
8 Edelweiss Tokio Life Insurance 85.10 %
9 Exide Life Insurance 83.16%
10 Future Generali India Life Insurance 90.61 %
11 HDFC Standard Life Insurance 95.02  %
12 ICICI Prudential Life Insurance 96.20 %
13 IDBI Federal Life Insurance 84.79 %
14 IndiaFirst Life Insurance Company Ltd – India First 73.13 %
15 Tata AIA Life Insurance 89.86 %
16 Star Union Dai-ichi Life Insurance 92.86 %
17 Shriram Life Insurance 67.69 %
18 SBI Life Insurance 95.70  %
19 Sahara Life Insurance 90.19 %
20 Reliance Life Insurance 95.01 %
21 PNB MetLife Insurance 92.90  %
22 Max Newyork Life Insurance 96.23  %
23 Kotak Life Insurance 90.69 %
24 Life Insurance Corporation of India 98.14  %

10 Best Insurance Companies in India


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