Top Life Insurance Companies In India

The government entity came into existence in the year 1956 is also one of the oldest insurance companies in india.

Top life insurance companies in india. It is one of the fastest growing top life insurance companies in india. The company began its operations in 2001 and is based in navi mumbai and the japanese company nippon took over 26 of its share in 2011. Tata aia life insurance company is considered as one of the most reliable life insurance companies in india. It is a list of life insurance companies in india in a random order in 2020.

Lic is the largest life insurance company in india is the only public company out of the 24 life insurers present in the indian market. Insurance policies offered by reliance nippon are very effective and premiums are very affordable. The claim ratio of this life insurance company as high as 95 17. Reliance nippon life insurance is one of the most renowned life insurance companies presently operating in india.

The company came into existence by coming together of the two largest public sector banks in india canara bank and bank of commerce along with hsbc insurance holdings limited. Max life insurance company was founded in 200 as it is the oldest and largest insurance company in india. Best life insurance companies in india. It is a joint venture between tata sons private limited and aia group limited and is asia s biggest insurance group.

These are the different types of policies offered by life insurance companies. 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. Please do not consider it as top 10 or top 20 life insurance companies in india. Reliance nippon life insurance is one of the top life insurance companies in india.

Among the different companies choosing the best life insurance companies can be a difficult task. Moreover it is a non bank private sector insurance company in india. Reliance nippon life insurance. Apart from this the assets of max life have touched the mark of rs 50 000 crores.

Here are the top ten life insurance companies of india. Life insurance corporation of india lic lic is the oldest and most trusted brand amongst the best life insurance companies in india. It has an employee base of 1000 people at present. There are more than 20 life insurance companies which offer the above mentioned types of life insurance plans.

The company is famous for its slogan zindagi ke saath bhi zindagi ke baad bhi. For the year 2017 18 the total individual death claims or claim settlement ratio of reliance nippon life insurance was 95 17.