Top 10 Best life insurance companies in india 2021

There are various types of life insurance policies available today to protect your loved ones and the things you love. In a life insurance policy, Insurance indemnifies to pay the insured person’s family a certain sum of money in the event of the insured’s demise. When it comes to choosing the right insurance plan, you are spoiled with choices as there are various insurance players in the market offering plenty of unique plans. In this post you can find the top 10 best life insurance companies in india.

Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder). Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; common examples are claims relating to suicide, fraud, war, riot, and civil commotion. Difficulties may arise where an event is not clearly defined, for example: the insured knowingly incurred a risk by consenting to an experimental medical procedure or medication resulting in injury or death (according to Wikipedia)

Table of Contents-

• Top 10 Best life insurance companies in india 2021
• Life Insurance Corporation of India
• HDFC Life Insurance Company
• ICICI Prudential Life Insurance
• Max Life Insurance Company
• Bajaj Allianz Life Insurance Company
• Tata AIA Life Insurance Company
• Kotak Life Insurance Company
• Bharti AXA Life Insurance Company
• Aditya Birla Sun Life Insurance Company
• Aviva Life Insurance Company

Top 10 best life insurance companies in India 2021:

Following list is for top 10 best life insurance companies.

1. Life Insurance Corporation of India

Life Insurance Corporation of India popularly known as LIC is the largest life insurance company in India owned by the Government of India. LIC, one of the top 10 insurance companies in India, came into existence in the year 1956. LIC being the dominant insurance player has a huge customer base of over 29 crores policyholders. LIC is a trusted insurance brand that offers great convenience to its customers through its excellent customer services on the digital platform and also through branch offices and various other tie-ups. LIC offers numerous life insurance products that can meet the unique needs of a variety of customer segments. For all the milestones it has achieved, LIC has been consistently recognised and awards.

2. HDFC Life Insurance Company

HDFC Life Insurance Company, one of the top insurance companies in India is a joint venture between HDFC Ltd, leading housing finance institution in India and Standard Life Aberdeen, a global investment company. Founded in the year 2000, HDFC Life offers a wide array of insurance and investment solutions to various customer segments. HDFC Life serves its customers across the country through 412 branches. HDFC Life has received many accolades and awards for its continuous contribution to the Indian Insurance Industry.

3. ICICI Prudential Life Insurance

ICICI Prudential Life Insurance Company is promoted by ICICI Bank Limited and Prudential Corporation Holdings Limited. Founded in the year 2000, ICICI Prudential Life is one of the best insurance company in India having its presence all over the country today with its strong bancassurance channel and multiple distribution channels. Total assets under management of the company are INR 1,604.10 billion. With the customer-centric approach, ICICI Prudential Life offers various long-term protection and savings plans for a diverse customer segment.

4. Max Life Insurance Company

Max Life Insurance Company founded in the year 2000 is the largest non-bank private sector insurance company in India. Max Life Insurance Company is a joint venture between Indian Max India Ltd, a multi-business Indian corporate and Mitsui Sumitomo Insurance Company, a Japanese Insurance Company. It is one of the fastest-growing insurance companies in India and Max Life’s asset under management has now touched the mark of INR 50,000 crores. Max Life has been receiving awards and recognitions consistently. Max Life has a customer base of more than 30 lakhs. With strong online presence, wide portfolio of products, multi-distribution channel and 1090 offices across the country, Max Life Insurance Company provides high-quality customer services.

5. Bajaj Allianz Life Insurance Company

Bajaj Allianz Life Insurance Company founded in the year 2001 is a joint venture between Bajaj Finserv Limited of Bajaj Group. Bajaj Allianz Life has 759 branches across the country to offer innovative insurance solutions to various customer segments. The company has won various awards and recognition for its contribution to the insurance industry. Bajaj Allianz Life Insurance is known for its strong innovative products and timely customer service. Ranked amongst the Top 75 Most Valuable Indian Brands 2019, Bajaj Allianz is one of the leading Indian insurance providers.

6. Tata AIA Life Insurance Company

Tata AIA Life Insurance Company is a joint venture between Tata Sons Private Limited, one of the largest business groups and AIA Group Limited, Asia’s largest insurance group. Tata AIA Life Insurance Company’s asset under management in 2019 is INR 28,430 crores. Being one of the trusted insurance brands in India, Tata AIA Life offers numerous insurance solutions starting from protection to wealth creation. The policies provide simple solutions for unique insurance needs along with excellent customer service.

7. Kotak Life Insurance Company

Kotak Life Insurance Company is one of the fastest-growing and top insurance companies in India with a base of 20 million + policyholders. Kotak Mahindra Bank is the parent company for Kotak Life Insurance. Kotak Life Insurance Company offers a diverse range of insurance products to every section of society with unique features. Currently, the company has 32+ products, 18 riders, 10 Unit Linked Investment Plans and 9 group products to offer. The company’s assets under management stands at INR 25,936 crore. Kotak Group has achieved many milestones in the financial services field and has been awarded and recognised consistently for its achievements.

8. Bharti AXA Life Insurance Company

Bharti AXA Life Insurance was founded in the year 2006. It is a joint venture between AXA Group and Bharti Enterprises. Strong financial expertise and domestic business excellence of these companies have laid a strong background for the company. Bharti AXA Life has introduced various innovative insurance products to cater to the unique needs of customers. Bharti AXA Life’s distribution network is spread across 123 cities in the country.

9. Birla Sun Life Insurance Company

Aditya Birla Sun Life Insurance Company, founded in the year 2000 is a subsidiary of Aditya Birla Capital Limited. Aditya Birla Sun Life Insurance Company was formed by coming together of Aditya Birla Group and Sun Life Financial, leading international financial services organisation in Canada. Birla Sun Life is one of the best insurance companies in India that offers a diverse range of insurance solutions starting from protection plan to pension plan, savings plan and many new-age products. Total assets under management of the company is INR 4, 10,110 million.

10. Aviva Life Insurance Company

Aviva Life Insurance Company is a joint venture between Aviva plc, a British Assurance Company and Dabur Group, an Indian conglomerate. With more than 121 branches and 9000+ employees, Aviva Life has been offering a wide array of insurance products starting from protection plan to savings and retirement plans. Online products, customer service and many more areas make the company one of the top insurance companies in India. Aviva Life Insurance Company was declared to be the Most Trusted Private Life Insurance Brand for the years 2018 and 2019 by TRA, Brand Trust Report – India Study.

(Please note: Sample premium for the term plans of the insurance company are calculated for INR 1 Cr sum assured taken for 30 years tenure by 30-year-old healthy man)

We provide you top 10 best life insurance companies market offers the freedom of choice to the customers and they can select the plans which suit them best. Select a plan from one of the 10 best companies in India today and gift yourself a safe future.

More Lightroom Presets

Crella presets free download

yellow tone preset download

Nsb pictures moody orange presets

Conclusion

Did you find these Top 10 Best life insurance companies in india 2021 to help you and did you like it? Which type of Lightroom presets you want?

Feel free to share your thoughts in the comment box we are here to solve your queries. Remember sharing is caring, we are providing you always new articles, tips and knowleadge, so please appreciate our work and show your love. Please share the post with friends and follower though social media.