List of Top 10 Life Insurance Companies in India



List of Top 10 Life Insurance Companies in India:

Hi Visitor!! Please find the List of Top 10 Life Insurance Companies in India with some short description to select the Insurance Plan from Top 10 best Insurance Companies as stated below:


top 10 life insurance companies

1 | Life Insurance Corporation of India (LIC):
In my article 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F. Withdrawn Plan: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  and  H. Special Plan.
Hope from the above, you can find lots of suitable plans to invest money for your secure feature.The company has approximately 1,20,000 agents & company’s assets are estimated at $250.50 billion.
Website address: www.licindia.in


2 | SBI Life Insurance Company Limited:
SBI Life Insurance is the 2nd position in the List of Top 10 Life Insurance Companies in India. It is a joint venture life insurance company between State Bank of India (SBI) & BNP Paribas Assurance. SBI owns 74% & BNP Paribas Assurance owns 26% of the Capital. Founded in March’2001 & Headquarter in Mumbai, India. SBI Life Insurance offers Life Insurance & Pension Plan. Employee strength with over 7,500 on-roll employees & 96,000 agents are available.
Website address: www.sbilife.co.in



3|Birla Sun Life Insurance Company Limited (BSLI):
BSLI is the next position of my Top 10 Life Insurance Companies List.  It is a joint venture between the Aditya Birla Group & Sun Life Financial Inc. Established in 2000 and has approx. 1,33,000 active employees.  The company is more than ten years old and present value is 21062 Crores.
Website address: www.birlasunlife.com



4| Reliance Life Insurance Company (RLIC):
The 4th place for Reliance Life Insurance (RLIC) in my list. It is a part of Reliance Group, India’s largest private sector financial services company. Founded in 2001 & Headquarter in Navi Mumbai, India. RLIC offers Individual and Group Insurance Plans. Total Assets approx. 15000 Crores with 1,24,000 active agents, 1230 branches & 7 Million Policy Holders. 
Website address: www.reliancelife.com



5| ICICI Prudential Life Insurance: 
In my List of Top 10 Life Insurance Companies in India, ICICI Prudential the 5th position. It is a joint venture between ICICI Bank and Prudential Plc, a leading international financial services group headquartered in the United Kingdom. ICICI Prudential established in the year of 2000. The company has approx. 15000 employees and over 950 branches. ICICI Prudential offers wide range of Insurance Products including Health, Wealth, Life Insurance & Medical Insurance etc.
Website address: www.iciciprulife.com




6| Tata AIG Life Insurance: 
List of Top 10 Life Insurance Companies in India, Tata AIG is the 6th place of this list. It is a joint venture between the Tata Group and American International Group (AIG). The partnership ratio is Tata Groups hold 74 % and AIG hold 26%. Founded in the year of 2001and Headquarter in Mumbai, India. The company has provided the employment to more than 2000 qualified professionals across the country in more than 160 locations. Tata AIG offer Motor, Travel, Health & Accidental Insurance.
Website address: www.tataaiginsurance.in



7| ING Vysya Life Insurance:
ING Vysya is the 7th position of best Life Insurance Company in India. Established in 2001 and Headquarter in Bangalore, India. The company is a joint venture between Exide Industries and ING Insurance International B.V. ING Life Insurance India is present in over 200 cities and serves over 1 million policy holders in India with 7500 employees. ING Vysya is an insurance company offers insurance policies and retiral plans.
Website address: www.inglife.co.in


8| Bajaj Allianz Life Insurance:
Bajaj Allianz Life Insurance is the next position (8th) in the list about Top 10 Life Insurance Companies in India. It is a joint venture between Bajaj Auto Limited and Allianz. Founded in 2001 and Headquarter 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:
Top 10 Life Insurance Companies in India, Max Life Insurance is the 9th place in this list. It is a Joint 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. Founded in 2000 by Analjit Singh and Headquarters in New Delhi, India. Max Life Insurance offers different type of Insurance Policies i.e. Individual Insurance and Group Insurance. 
Website address:www.maxlifeinsurance.com

10| HDFC Standard Life Insurance:
In the List of Top 10 Life Insurance Companies in India, HDFC Standard Life Insurance is the 10th & the last position in the list. It is a joint venture between Housing Development Finance Corporation Ltd (HDFC) and Standard Life PLC. Founded in 2000 by Hasmukhbhai Parekh and Headquarters 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. 
Website address: www.hdfclife.com

The above is the List of Top 10 Life Insurance Companies in India
In addition to the above, please note that “The Oriental Life Insurance Company, the first company in India offering Life Insurance coverage, was established in Calcutta in 1818 by Bipin Behari Dasgupta and others.”

If the post is helpful so please comment me. Any Suggestion, advice & comments from my visitors are always welcome.

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45 comments

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Anonymous
AUTHOR
2 Sep 2014, 01:16:00 delete

best is LIC

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Anonymous
AUTHOR
22 Sep 2014, 10:17:00 delete

Bajaj Allianz is the best.

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Anonymous
AUTHOR
24 Dec 2014, 03:31:00 delete

I have very bad experience with Bajaj. Dont go for it..

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ARUN KUMAR
AUTHOR
31 Dec 2014, 21:59:00 delete

SBI LIFE is a best in India...

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Nitin Deora
AUTHOR
10 Jan 2015, 19:43:00 delete

east or west LIC is best

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Sobhan
AUTHOR
15 Mar 2015, 20:03:00 delete

Icici prudential is the best............

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saini Boy
AUTHOR
21 Mar 2015, 18:28:00 delete

Kotak life insurance is best

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13 Apr 2015, 14:36:00 delete

This is good wesite.Thanks for you post a comment. Life insurance is an interesting thing for me to think about

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Anonymous
AUTHOR
2 May 2015, 00:49:00 delete

Any suggestions on kotaklife insurance ?

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Amith Warrier
AUTHOR
2 May 2015, 14:18:00 delete

Reliance life insurance is a good option to choose

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Anonymous
AUTHOR
13 May 2015, 17:29:00 delete

ONLY LIC.....

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prasad biswajit
AUTHOR
9 Jun 2015, 12:20:00 delete

Birlasunlife is the top insurance company

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Anonymous
AUTHOR
17 Jul 2015, 16:17:00 delete

LIC agents are becoming frauds and i do not know how this company is becoming first in the list. In Chennai lot of agents in Poonamallee, Villivakkam, AnnaNagar, Mount road, Peters road, Saidapet, Chinnamalai and so ......... agents are looting the money of the public. After giving repeated complaint nobody has taken steps.

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4 Aug 2015, 11:03:00 delete

Sbi life is best because in short time take second position.

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Unknown
AUTHOR
12 Oct 2015, 20:35:00 delete

Bajaj Allianz is the best .. I like their service .. policies .. everything.. the main thing is that they are fast dn others.

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3 Nov 2015, 22:35:00 delete

Top 10 list here is not appropriate. In insurance sector, very difficult to give opinion regarding the service or insurance product. All of us have different experience regarding these companies. I dont say these are bad companies. If I say my opinion, I will favor Kotak Life. It has some remarkable insurance products also. Must check this. Why this out 10 list... it is out of mind. List is full of prejudice.

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Plus Ten
AUTHOR
5 Nov 2015, 10:22:00 delete

Ok DKC... I will checked...

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Anonymous
AUTHOR
4 Jan 2016, 21:51:00 delete

Lic is the best for investment

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13 Jan 2016, 20:00:00 delete

exide life is the best

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Priya Sharma
AUTHOR
19 Jan 2016, 12:25:00 delete

Lic and Sbi is the best

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Nitin Byas
AUTHOR
20 Jan 2016, 09:16:00 delete

Edelweiss Tokio Life Insurance company is best in modern era. Policy as per today's requirements

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Unknown
AUTHOR
1 Feb 2016, 00:14:00 delete

Bajaj Allianz is best

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Anonymous
AUTHOR
7 Feb 2016, 23:26:00 delete

Lic gives you wide range of products. Different agents may tell you different opinions but just try to read all the terms and conditions of the products and then buy it. Lic never hide anything from you.

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Unknown
AUTHOR
13 Feb 2016, 22:05:00 delete

There are so Many life insurance company which is best in service except lic , but on a days LIC fail to give appropriate services to the customer. If somebody ask my poi too my one and only choice is KOTAK only.

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Anonymous
AUTHOR
17 Feb 2016, 14:41:00 delete

Hi actually we are recruiting the people for Life insurance companies but now MAx Life and Birla and Kotak also very gud to make a policy...

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Unknown
AUTHOR
1 Mar 2016, 16:49:00 delete

No doubt LIC is Best

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raman
AUTHOR
1 Mar 2016, 22:58:00 delete

Maxlife is the best

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Avinash Goel
AUTHOR
24 Jun 2016, 18:33:00 delete

Why the name of Kotak Mahindra Old Mutual Life Insurance Ltd.is not added to the above list which at No: 2 as on date in Customer loyalty...Pl.add.

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Srp
AUTHOR
26 Jun 2016, 09:33:00 delete

Lic is the best nothing can beat it.

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Alok Kumar
AUTHOR
21 Jul 2016, 13:09:00 delete

edelweiss tokio life is customer eccentric life insurance company, you should include in your list.

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Unknown
AUTHOR
3 Aug 2016, 21:40:00 delete

Max life insurance is the best in life insurance sector and i think all should go for it. the settlement is really fast claims just done in 10 days time.

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Avinash Goel
AUTHOR
11 Aug 2016, 23:07:00 delete

If MAX is such a Good company then why it is in loss & decided to merge in HDFC Standard Life Insurance.

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umaforever85
AUTHOR
29 Nov 2016, 19:18:00 delete

aviva life insurance be best product in market. 09958512794

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16 Feb 2017, 17:33:00 delete

I want to work as a agent in life insurance sector Could u suggest me best company?

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Avinash Goel
AUTHOR
22 Feb 2017, 23:02:00 delete

Kotak Mahindra Old Mutual Life Insurance Ltd.is the best Company to work as Life Advisor cum Financial Planner (Agent).

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Uttam Kumar
AUTHOR
20 Mar 2017, 20:07:00 delete

Yes i strongly agree.

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27 Apr 2017, 15:22:00 delete

Lic is the boss of all insurance company...

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Unknown
AUTHOR
15 May 2017, 00:33:00 delete

Max life insurance company is Best company

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Unknown
AUTHOR
5 Jun 2017, 17:11:00 delete

LIC IS BEST FOR ALL

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