Top 10 Life Insurance Companies in India
List of top 10 life insurance companies in India are as follows-
Top 10 Life Insurance Companies in India
Aviva Life Insurance Company India Ltd
Aviva Life was founded in the year 2002. The life insurance company is a joint venture between Aviva Plc and Dabur Group. It is offering various products are fixed term protection plans, endowment plans, child policy, single premium plans, investment, savings, and retirement. Aviva has a balanced distribution network through Assurance, Direct SalesForce, and online products. With more than 121 branches Aviva Life has been offering a wide array of insurance products starting from protection plan to savings and retirement plans. It is one of the top 10 life insurance companies in India.
Aditya Birla Sun Life Insurance Company Ltd
The company was founded in the year 2000 by Aditya Vikram Birla. It is a joint venture between the Indian conglomerate Aditya Birla Group and Sun Life Financial Inc. The company is based out in Mumbai, India. Aditya Birla Sun Life offers a diverse range of insurance solutions starting from protection plan to pension plan, savings plan, and many new-age products. It is one of the top 10 life insurance companies in India.
Bajaj Allianz Life Insurance Co Ltd
Bajaj Allianz was founded in the year 2001. It is a joint venture between Bajaj Finserv Ltd and Allianz SE. It is one of the top 10 life insurance companies in India. The company is offering insurance products for financial planning and security. It is a leading private insurance company in India. It is offering a wide range of insurance services operating through participating, non-participating, and linked segments.
Bharti AXA Life Insurance Company Ltd
Bharti AXA Life Insurance was founded in the year 2006. It is a joint venture between AXA Group and Bharti Enterprises. 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. The company offers various plans starting from protection plan to save, health and group plans, and most of them are offered conveniently on an online platform. It is one of the top 10 life insurance companies in India.
HDFC Life Insurance Company Ltd
HDFC Life is one of the top 10 life insurance companies in India. It is offering a range of individual and group insurance solutions for meeting various customer needs such as Pension, Protection, Savings & Investment and Health, along with Children’s and Women’s Plan. It is a joint venture between HDFC Ltd and Standard Life Aberdeen. The company was founded in the year 2000. HDFC Life serves its customers across the country through 412 branches and additional distribution touchpoints and bancassurance partners.
ICICI Prudential Life Insurance Company Ltd
The company is founded in the year 2000. It is headquartered in Mumbai, India. ICICI Prudential is a joint venture between ICICI Bank and Prudential plc. It is offering health insurance plans, unit-linked insurance plans, savings, and retirement plans. ICICI provides superior quality services, cost-effective products, consistent fund performance, and a hassle-free claim settlement experience to our customers.
Life Insurance Corporation Of India
It is a financial service company, headquartered in Mumbai. LIC was founded in the year 1956. The company is offering Life Insurance, Health Insurance, Investment Management and Mutual Funds, etc. It is one of the top 10 life insurance companies in India. It is Various products of LIC are Aam Adami Bima Yojna, Special Plans, Pension, Unit, Micro Insurance, Withdrawn and Health Plans. Its various subsidiaries are
- LIC Housing Finance
- LIC Pension Fund Ltd
- LIC International
- LIC Card Services
- LIC Mutual Funds
Max Life Insurance Company Ltd
Max Life Insurance Company was founded in the year 2000. It is the largest non-bank private sector insurance company in India. Max Life Insurance Company is a joint venture between Indian Max India Ltd and Mitsui Sumitomo Insurance Company. It is one of the fastest-growing insurance companies in India. With a strong online presence, a wide portfolio of products, a multi-distribution channel, and 1090 offices across the country, Max Life Insurance Company provides high-quality customer services.
SBI Life Insurance Company Ltd
SBI Life Insurance was founded in the year 2001, headquartered in Mumbai, India. It is a joint venture life insurance company between State Bank of India (SBI), the largest state-owned banking and financial services company in India, and BNP Paribas. With customer service excellence and product innovations, the company has been growing year on year. SBI Life has received many awards and accolades for the work in the field.
Tata AIA Life Insurance Company Ltd
Tata AIG General Insurance is an Indian general insurance company and a joint venture between the Tata Group and American International Group (AIG). It is providing insurance to corporate and individuals. The company provides a wide range of general insurance products including personal accident, home, automobile, marine, casualty, property. Its products are available through various distribution channels including brokers, banks, agents and different direct channels like digital marketing, telemarketing, and worksite.
