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:

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 the 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F. Withdrawn Plan: 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 & the company’s assets are estimated at $250.50 billion.

2 | SBI Life Insurance Company Limited: 

SBI Life Insurance is in 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 is available.

3| Birla Sun Life Insurance Company Limited (BSLI): 

BSLI is the next position on 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 the present value is 21062 Crores. Website address:

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.

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 a wide range of Insurance Products including Health, Wealth, Life Insurance & Medical Insurance etc. Website address:

6| Tata AIG Life Insurance: 

List of Top 10 Life Insurance Companies in India, Tata AIG is the 6th place on 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 holds 26%. Founded in the year 2001and Headquarter in Mumbai, India. The company has provided employment to more than 2000 qualified professionals across the country in more than 160 locations. Tata AIG offers Motor, Travel, Health & Accidental Insurance.

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 policyholders in India with 7500 employees. ING Vysya is an insurance company that offers insurance policies and retiral plans.

8| Bajaj Allianz Life Insurance: 

Bajaj Allianz Life Insurance is the next position (8th) in the list of 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. 

9| Max Life Insurance: 

Top 10 Life Insurance Companies in India, Max Life Insurance is the 9th place on 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 the MS & AD Insurance Group. Founded in 2000 by Analjit Singh and Headquarters in New Delhi, India. Max Life Insurance offers different types of Insurance Policies i.e. Individual Insurance and Group Insurance. 

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 offers Protection, Pension, Savings, Investment, Health along with Children and Women's plans products. 

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.”

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