Just like in any other countries, India is not just all about progress and amazing lives of the people. There may come a time that your life may be put at risk due to a number of reasons. This is actually the main reason why there are lots of life insurance service providers that you can find within the entire country. Well, here are the top 10 best life insurance companies in India that you should know:
10. Tata AIA Life Insurance
Tata AIA Life Insurance Co. Ltd. is well-known for transparency everytime their staffs are working with something. What made this company really the best is the wide coverage of insurance offers it has for the public. The company is known in offering wealth solutions, savings solutions, child solutions and a lot more.
9. Birla Sun Life Insurance
This excellent and renowned life insurance company was established way back in the year 2000. Birla Sun Life Insurance offers a lot of options when it comes to insurance like retirement, wealth with protection, health & wellness, and children’s future.
8. Kotak Life Insurance
Kotak Mahindra Old Mutual Life Insurance Limited is actually two companies that decided to merge. These companies are the India’s Kotak Mahindra Group and the South Africa’s Old Mutual. This private life insurance service provider is exactly located in the city of Mumbai.
7. Bajaj Allianz Life Insurance
This life insurance company is not only serving the people in India, but in the entire world as well. Such firm was formed in the year 2001 due to the merging of two renowned companies namely the Bajaj Auto Limited from India and the Allianz SE from Europe. Its main headquarters can be found in the city of Pune in the Indian state of Maharashtra.
6. SBI Life Insurance Company
This is an excellent life insurance company in India that was formed because of the merging of two big-time companies namely the BNP Paridas Cardiff and the State Bank of India. It was on March 2001 when the company was established in the city of Mumbai.
5. Max Life Insurance
It was founded by a well-known business tycoon in India named Analjit Singh way back in the year 2000. This company is offering different insurance plans to the public such as growth plans, savings plans, retirement plans, child plans, group plans, and protection plans.
4. Reliance Life Insurance
RLIC or Reliance Life Insurance Company is a private limited company that has Reliance Group as its owner. Its main headquarters can be found in the city of New Delhi, but it has a number of branches all over India. It is offering both individual and group plans for insurance. Currently, it has over 7 million insurance holders being served.
3. ICICI Prudential Life Insurance Company Limited
The main headquarters of this life insurance company can be found in the city of Mumbai. It was founded on December 12, 2000. It was formed through the merging of Prudential Life Insurance Company and the ICICI Bank. It has a lot of insurance plans to offer such as wealth plans, group plans, and retirement plans.
2. HDFC Life Insurance
It’s a private insurance company that offers individual and group insurance plans in the entire India. Its main headquarters can be found in Mumbai. It was founded in the year 2000 through the great effort of Hasmukhbhai Parekh. It’s actually a joint business of the Standard Life plc and the Housing Development Finance Corporation Ltd.
1. LIC Insurance Corporation of India
This excellent life insurance company in India is serving more than 250 million people who have varied insurance plans. More than 5 decades now, LIC Insurance Corporation of India is definitely a worth-trusting company. Some of the insurance plans the company is offering are JeevanLakshya, BimaBachat, and JeevanRakhsa.
These are the top 10 best life insurance companies in India. You can never go wrong with these companies.