Aum Of Life Insurance Companies In India 2020

During the year 2017 18 the total individual death claims or claim settlement ratio of icici prudential life insurance company was 97 88.

Aum of life insurance companies in india 2020. These are the different types of policies offered by life insurance companies. Sbi life insurance sbi is the renowned government backed insurance company that offers you a range of life insurance plans which give extensive coverage to your family. On the other hand private life insurers managed over rs 7 lakh crore. With acknowledgeable presence in most part of the country the company serves almost all the sections of the society right from ruler to middle class and urban based.

In today s date icici prudential life insurance is undoubtedly one of the most extensively recognized insurance companies in india. Established in 2004 sahara life insurance is india s first wholly owned private life insurance company. Lic india aum grew 9 24 last fiscal. Please do not consider it as top 10 or top 20 life insurance companies in india.

Indiastat com provide the latest data information of progress about group insurance scheme for power loom workers selected state wise amount released number of insurance policies renewed and premium received by life insurers in india growth statistics details figures. Aum of ulips increased to rs 4 11 lakh crore in fy 2018 19 from rs 3 77 lakh crore in fy 2017 18 marking a growth of over 9. Among the life insurers life insurance corporation lic is the sole public sector company. There are six public sector insurers in the non life insurance segment.

Hdfc standard life insurance company is a joint venture between hdfc ltd india s biggest financial institution and standard life aberdeen a global investment company. 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. If you are looking to buy life insurance policy from one of the top life insurance companies in india 2020 you can choose this company. The insurance industry of india has 57 insurance companies 24 are in the life insurance business while 33 are non life insurers.

Among the different companies choosing the best life insurance companies can be a difficult task. Lic india accounts for 78 of the total aum of life insurance industry with assets of rs 27 61 lakh crore. Best life insurance companies in india. It is a list of life insurance companies in india in a random order in 2020.

The company was founded in the year 2000 and went on to become one of the most reputed life insurance providers in the country.