In today’s article, we’ll learn about the best insurance companies in India. India has numerous government and private companies that provide insurance to citizens. Everyone has heard the name of the government sector company LIC (Life Insurance Corporation of India), which is the largest and most trusted insurance company.
Insurance companies offer various insurance coverage options to citizens, allowing them to save money by purchasing different plans. Currently, LIC has the largest customer base, and other companies are also performing well.
Best Life Insurance Companies
| S.No. | Name of the Life Insurance Company |
| 1. | Max Life Insurance Company |
| 2. | AEGON Life Insurance Company |
| 3. | Bharti AXA Life Insurance Company |
| 4. | Bajaj Allianz Life Insurance Company |
| 5. | HDFC Life Insurance Company |
| 6. | Life Insurance Company (LIC) |
| 7. | Pramerica Life Insurance Company |
| 8. | Exide Life Insurance Company |
| 9. | Kotak Mahindra Life Insurance Company |
| 10. | Reliance Nippon Life Insurance Company |
Life Insurance Companies In India
We are telling you about the top insurance companies operating in India, their revenue growth, and when the company was started.
LIC (Life Insurance Corporation of India)
The Life Insurance Corporation of India is India’s largest insurance company. Established in 1956, LIC is headquartered in Mumbai and has been in operation since 1964.
Everyone in India knows this company’s name, and we’ve all heard it. LIC operates largely on behalf of the Government of India, meaning it holds ownership rights. LIC offers life insurance, pension plans, individual and group insurance.
LIC employs over 900,000 agents who sell insurance policies to customers. It has over 12 million policyholders, and the company has sold over 120 million policies to date.
Bajaj Insurance (Bajaj Allianz General Insurance)
The next name in the list of Insurance Companies In India is Bajaj Allianz General Insurance Policy, which is operated by Bajaj Company.
Bajaj is a leading name in the motorcycle sector, and has also branched out into insurance policies. The company has over 200 offices across India and has been operating since 2001. Bajaj Allianz General Insurance Company operates in many sectors.
- Auto Sector
- Property Sector
- Health Sector
- Home Owners
- Travel Sector
- Commercial Sector
ICICI Prudential Life Insurance
ICICI Prudential is a well-known name in the life insurance sector. It has won the Private Life Insurance Company of the Year award for three consecutive years. The company has over 2,000 branches across India, employing over 200,000 people. It offers life insurance and vehicle insurance policies.
HDFC Life Insurance
You’ve all heard of HDFC, a company that works in the financial field and also offers life insurance. HDFC is a bank that provides financial services. HDFC Life Insurance provides its customers with facilities like Term Plans, Saving Plan, Pension Plan and Life Insurance.
HDFC Life Insurance Company operates in over 700 cities across India and has over 200,000 financial advisors. If you’re looking for a truly quality insurance policy, this is the best option.
Birla Sun Life Insurance
Birla Sun Life Insurance is a joint venture between an Indian and Canadian company. The company was established in 2001 and operates in several countries.
This company provides life insurance, savings plans, retirement plans, and other insurance services to its customers. Currently, this company is listed among the top 5 insurance companies in India.
Conclusion
Today’s article will detail the top insurance companies in India. India has numerous health, life, term, and vehicle insurance companies. Choose a good life insurance company for yourself and your family. Currently, LIC is the largest insurance company in India.
FAQs
How many companies are there for life insurance in India?
In India, there are approximately 24 life insurance companies, offer competitive premium rates and tax benefits.
