Life Insurance Companies Ranking In India
Life insurance corporation of india.
Life insurance companies ranking in india. Icici prudential life insurance co. Please do not consider it as top 10 or top 20 life insurance companies in india. Ing vysya life insurance. Among the other life insurance companies in india bajaj allianz life insurance company meet its customers need by providing them a huge range of products right from ulip and child plan to group and health insurance.
It was formed after the parliament of india had passed a. Launched in year 2001 this life insurance company. The lic has its headquarters in mumbai and is a state owned insurance class. Kotak mahindra life insurance co.
In the list of best lifeinsurance companies in india max life insurance holds the fifth place in the year 2019. Established in 1956 this is a state owned enterprise which offers a huge and diverse variety of life insurance products such as endowment plans money back plans term assurance plans pension plans unit linked plans children plans group schemes special plans and many more. The company was built in 1956 and v k. The company is a favoured choice amongst millions of indians also for its best claim settlement ratio of over 98.
It caters to a huge customer base of over a million people in the country. Aditya birla sun life insurance co. Similarly it is also known as non life insurance casualty insurance and property insurance in various places. The company has gained name as one of the top most life insurance brand in india.
General insurance is a system of insurance service that doesn t include life insurance and consist of homeowners and automobile policies offer payments regarding loss from a specific financial incident. The top rated life insurance company in our ratings is haven life. Max life insurance co. The incurred claim ratios of the company are up to 85 66 and the grievances solved is as high as 99 94 for the year 2017 18.
Topping the list of best 10 life insurance companies in india is the life insurance corporation of india. 1 bajaj allianz 2 birla sun life 3 hdfc life 4 icici prudential 5 lic 6 max life 7 pnb metlife 8 kotak life 9 sbi life 10 tata aia 11 reliance life 12 aviva life. The main office is in gurgaon and presently the md and ceo of the company is mr. The company was established in 2001 and is based in bangalore.
Lic is the oldest and most trusted brand amongst the best life insurance companies in india. It started its journey of serving people in 2001 and since then it is serving us with its amazing insurance plans. This insurance company offers only term life insurance policies and utilizes an online application process without. The life insurance corporation is quite famous among the citizens of the country.
The company provides a huge array of customized products that cater the every single demand of the customer and provide them a transparent benefit. Take a look to the list of top 10 life insurance companies in india. Hdfc standard life insurance co. Sharma is the acting chairperson.
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