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 InsuranceCorporate 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 InsuranceCorporate 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 InsuranceCorporate 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 InsuranceCorporate 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 InsuranceCorporate 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 InsuranceCorporate 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 InsuranceCorporate Office- Pune

Established in the Year- 2001

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 InsuranceCorporate 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 InsuranceCorporate 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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