Top 5 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.

Top 5 life insurance companies in india 2020. 1 3 icici prudential life insurance company. 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. And mitsui sumitomo insurance co. 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 top life insurance companies mentioned below are based on the claim settlement ratio of the respective companies. Top 10 life insurance companies in 2020. 1 4 sbi life insurance company. Lic is the oldest and most trusted brand amongst the best life insurance companies in india.

Details company is group company of reliance among of top insurance company in india. 1 5 max life insurance company. In this article we discuss about the 5 best. Max life insurance company is a joint venture between indian max india ltd a multi business indian corporate and mitsui sumitomo insurance company a japanese insurance company.

Please do not consider it as top 10 or top 20 life insurance companies in india. It is a list of life insurance companies in india in a random order in 2020. Best life insurance companies in india. Max life insurance is a joint venture of max financial services ltd.

There are a plethora of life insurance companies in india offering a wide range of insurance policies and plans to individuals groups companies and families to choose from and benefit from. Term life insurance widely known as the term life insurance scheme which is the basic form of life insurance plans that are available in the country. 1 best life insurance companies in india 2020. Many of the best life insurance companies in india have a strong hold on the market with lic leading.

1 1 life insurance corporation of india lic 1 2 hdfc life insurance. In today s date icici prudential life insurance is undoubtedly one of the most extensively recognized insurance companies in india. These days life insurance plans are considered as one of the major pillars of financial planning. Top life insurance plans in india to invest.

A life insurance policy not only provides financial protection to the family in case of an eventuality but also works as a long term investment option to achieve the financial objectives of life. Top 10 insurance companies in india insurance sector. Reliance is bigger name in the industry and rather say a reliable name in the insurance industry. In year 2011 nippon life insurance japan acquired 26 share in this company.