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TOP INSURANCE COMPANIES IN INDIA

Life Insurance is a contract where the insurers have


to pay a designated beneficiary amount of money
in the event of a death of the insured person. The
other insurance plans promise pension/return on
retirement. Below is the list of 10 Best Insurance
companies in India:

1.Life Insurance Corporation tops the chart.


Corporate Office- Mumbai
Established in the Year- 1956
Website URL- www.licindia.in
LIC Life Insurance - It has been there for ages and was said to
dominate the Indian Insurance Market. However, slowly people
have started looking at other options.

2.

SBI Life Insurance

Corporate Office- Mumbai


Established in the Year- 2001
Website URL- www.sbilife.co.in
It is a joint venture between BNP Paribas and the State Bank of
India. It has a good hold in the Indian market as far as Finance
and banking sector come into the picture. It is also the most
renowned Insurance company after LIC.

3.Birla Sun Life Insurance


Corporate Office- Kerala
Established in the Year- 2000
Website URL- www.birlasunlife.com
It is both a financial and an insurance company and is a joint venture
between Aditya Birla and Sun Life Insurance. The company has seen
exceptional growth recently and earned a reputation for itself.

4.

Reliance Life Insurance

Corporate Office- Mumbai


Established in the Year- 2000
Website URL- www.reliancelife.com
It is a group company of Reliance and is among the top insurance
companies in India today. In the Year 2011, Reliance sold 26% of its
share to Nippon Life Insurance, Japan. It is one of the bigger and
reliable names in the Industry.

5.

ICICI Prudential Life Insurance

Corporate Office- United Kingdom


Established in the Year- 2000
Website URL- www.iciciprulife.com
A joint venture between ICICI and Prudential Plc, United Kingdom. It
offers a range of insurance products catering to the Indian customers
and their needs. Products include wealth, health, life insurance,
medical insurance and retirement solutions.

6.

Tata AIG Life Insurance

Corporate Office- Mumbai


Established in the Year- 2001
Website URL- www.tataaiginsurance.in
Tata AIG is a joint venture between Tata and AIG. It is flagship
company of TATA. It started Insurance business in the year 2001.
The company also launched many insurance products such as the
motor, health, and accidental insurance.

7.

ING Vysya Life Insurance

Corporate Office- Banglore(Karnataka)


Established in the Year- 2001
Website URL- www.inglife.co.in
ING Vysya as a life Insurance company offers insurance and retiral
plans. It has been in operations in more than 200 cities in India and
has a huge customer base of over 10 lakh customers.

8.

Bajaj Allianz Life Insurance

Corporate Office- Pune


Established in the Year2001
Website URL- www.bajajallianz.com
A joint venture between Bajaj and Allianz. It is a private insurance
company and offers many insurance plans and policies, including
ULIP, term insurance, and pension plans.

9. Max Life Insurance


Corporate Office- New Delhi
Established in the Year- 2000
Website URL- www.maxlifeinsurance.com
This is another private company offering insurance plans to customers. It
is a joint venture between Max India Ltd and Mitsui Sumitomo Insurance
Co. Ltd. While Max India is a leading Indian multi-business. It was founded
by Analjit Singh; the company offers group insurance and individual
insurance.

10.

HDFC Standard Life Insurance

Corporate Office- Mumbai


Established in the Year- 2000
Website URL- www.hdfclife.com
HDFC Life Insurance is a group company of Housing development
finance corporation and Standard Life Insurance. Founded by
Hasmukh Bhai Parekh in the year 2000, HDFC Standard Life
Insurance has about 500 branches in India. It offers pension,
savings, health with children and women plans and much more.
Apart from the above ten companies, this company needs a special
mention. Oriental life Insurance company is a pioneer in India
offering Life Insurance Coverage; it was established in Calcutta in
the year 1818 by Bipin Behari Dasgupta.

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