Following is the list of top insurance companies in India
- Life Insurance Corporation of India
Life Insurance Corporation of
India popularly known as LIC is the largest life insurance company in
India owned by the Government of India. LIC, one of the top 10 insurance
companies in India, came into existence in the year 1956. LIC makes
insurance accessible for every person in any corner of the country with
2048 branch offices, 113 divisional offices, 8 zonal offices and 1408
satellite offices.Currently, LIC’s total assets under management are
INR 3,111,847 crores (USD 450 billion). LIC being the dominant insurance
player has a huge customer base of over 29 crores policyholders. LIC is
a trusted insurance brand that offers great convenience to its
customers through its excellent customer services on the digital
platform and also through branch offices and various other tie-ups. LIC
offers numerous life insurance products that can meet the unique needs
of a variety of customer segments. For all the milestones it has
achieved, LIC has been consistently recognised and awarded. Following
are some of the awards received by LIC:- LIC has been consistently winning the Reader’s Digest Trusted Brand Award
- According to the Brand Trust Report, LIC has been consistently voted as ‘India’s Most Trusted Brand’ in the BFSI category
- LIC has won ‘Best Life Insurance Company of the Year’ and ‘Most Preferred Life Insurance Company of the Year’ award
In fact, the flexibility
offered with the LIC plans is so diverse that choosing a LIC policy
itself can be quite a dilemma. To make things easier for you, we have
compared the top policies offered by LIC along with their features and
benefits in the post linked below. - Max Life Insurance Company
Max Life Insurance Company
founded in the year 2000 is the largest non-bank private sector
insurance company in India. Max Life Insurance Company is a joint
venture between Indian Max India Ltd, a multi-business Indian
corporation and Mitsui Sumitomo Insurance Company, a Japanese Insurance
Company. Max life insurance company is one of the fastest-growing
insurance companies in India with assets under management of INR 90, 407
crores.The company has a customer base of more than 32 lakhs. With a
strong online presence, a wide portfolio of products, multi-distribution
channels and offices across the country, Max Life Insurance Company
provides high-quality customer services. Max Life has been receiving
awards and recognitions consistently. With a high claim settlement
ratio, Max Life has been awarded as ‘Claims Service Leader’ and
‘Excellence in Claims Service’ by CMO Asia Awards.Max Life Insurance allows you
to select from multiple types of products being offered by them in the
market. You can read more about Max Life Insurance and check their
insurance plans below. HDFC Life Insurance Company HDFC Life Insurance Company,
one of the top insurance companies in India is a joint venture between
HDFC Ltd, a leading housing finance institution in India and Standard
Life Aberdeen, a global investment company. Founded in the year 2000,
HDFC Life offers a wide array of insurance and investment solutions to
various customer segments. HDFC Life serves its customers across the
country through 390 branches and additional distribution touchpoints and
bancassurance partners. With a strong digital platform, services are
accessible easily to the customers. HDFC Life has received many
accolades and awards for its continuous contribution to the Indian
Insurance Industry. Following are some of the details:
- HDFC Life is ranked as ‘Most Valuable Private Life Insurance Indian Brand’
- HDFC Life has received ‘Creative Excellence Award’ at INDIAA awards 2018
- HDFC Life has received ‘Best Life
Insurance Company’, ‘Best Analytic Initiative of the Year’ and ‘Best
Underwriting Initiative of the Year’ at BFSI awards. - HDFC Life is recognised as the Best 50 PCI Companies for 2019
- HDFC Life has received the YUVA Unstoppable Changemaker award in 2021
- HDFC Life is recognised as Superbrand 2021
HDFC life insurance offers
considerable flexibility with their insurance policies, at 99.07%, their
claim settlement ratio is quite impressive as well. Click the link
below to know more about the life insurance plans offered by HDFC.
ICICI Prudential Life
Insurance Company is promoted by ICICI Bank Limited and Prudential
Corporation Holdings Limited. Founded in the year 2000, ICICI Prudential
Life is one of the best insurance companies in India having its
presence all over the country today with its strong bancassurance
channel and multiple distribution channels. ICICI Prudential Life’s
assets under management as of 30th June 2021 is INR 2,231.71 billion.
With the customer-centric approach, ICICI Prudential Life offers various
long-term protection and savings plans for a diverse customer segment.
For its excellence in the field of insurance, ICICI Prudential Life
Insurance Company has been receiving many accolades and awards. Let’s
take a look at a few of such recognitions.
- ICICI Prudential Life is ranked as one of
the ‘BrandZ Top 75 Most Valuable Indian Brands 2020’ and also awarded as
‘’Best Contact Centre’’ by the Customer Fest Leadership Awards 2021. - ICICI Prudential Life has received the ‘Life Insurance Company of the Year’ award at the India Summit and Awards 2019
- ICICI Prudential Life has received ‘Life Insurance Provider of the Year’ by Outlook Money Awards 2018
- ICICI Prudential Life has received the ‘Best Term Insurance Provider of the Year’ award by Money Today Financial Awards 2017-18
- ICICI Prudential Life is awarded as ‘Best Customer Orientation in Life Insurance’ award by Emerging Asia Awards 2018
- ICICI Prudential Life is awarded as ‘Best Growth in Life Insurance’ category by Emerging Asia Awards 2018
Tata AIA Life Insurance
Company is a joint venture between Tata Sons Private Limited, one of the
largest business groups and AIA Group Limited, Asia’s largest insurance
group. Tata AIA Life Insurance Company’s assets under management in
2021 is INR 46,281 crores. Being one of the trusted insurance brands in
India, Tata AIA Life offers numerous insurance solutions starting from
protection to wealth creation. The policies provide simple solutions for
unique insurance needs along with excellent customer service.
Read more about Tata AIA Life Insurance and get information on their insurance plans to secure your future today.
Bharti AXA Life Insurance was
founded in the year 2006. It is a joint venture between AXA Group and
Bharti Enterprises. The strong financial expertise and domestic business
excellence of these companies have laid a strong background for the
company. Bharti AXA Life has introduced various innovative insurance
products to cater to the unique needs of customers. Bharti AXA Life’s
distribution network is spread across 123 cities in the country. The
company offers various plans starting from protection plans to save,
health and group plans and most of them are offered conveniently on an
online platform.
Bharti AXA won the ASSOCHAM
Award in March 2019 in recognition of excellence in the field of
insurance and also received the award for customer service excellence!
To browse through the various plans offered by them, click on the link
below.
Bajaj Allianz Life Insurance
Company founded in the year 2001 is a joint venture between Bajaj
Finserv Limited of Bajaj Group. Bajaj Allianz Life has 759 branches
across the country to offer innovative insurance solutions to various
customer segments. Bajaj Allianz Life Insurance is known for its strong
innovative products and timely customer service. The company has won
various awards and recognition for its contribution to the insurance
industry. Following are some of the awards received by Bajaj Allianz
Life Insurance:
- Bajaj Allianz Life has been recognised as the ‘Digital Marketer of the Year 2018’ in the insurance category
- Bajaj Allianz won the ‘Customer Service Excellence Award’ at the NASSCOM BPM Strategy Summit 2018.
- Bajaj Allianz Life ranked amongst the Top-75 Most Valuable Indian Brands
- Bajaj Allianz Life has received Digital Technology Senate Awards 2021.
- Bajaj Allianz Life has won the Red Hat APAC Innovations Award 2020.
Ranked amongst the Top 75 Most
Valuable Indian Brands 2019, Bajaj Allianz is one of the leading Indian
insurance providers. Read about Bajaj Allianz Life insurance plans and
check out their policies by clicking below.
SBI Life Insurance Company is a
joint venture between State Bank of India (SBI), India’s largest bank
and BNP Paribas Cardif, a French multinational bank and financial
services company. Currently, SBI Life Insurance has an authorized
capital of INR 20 billion (USD 290 million). SBI Life was first started
as a bancassurance business which is now extended to the
multi-distribution channel. With customer service excellence and product
innovations, the company has been growing year on year. SBI Life has
received many awards and accolades for its work in the field. Following
are some of them:
- SBI Life has won the ‘Brand of the Year 2016-17’ award in the insurance category
- SBI Life has won the ‘Private Sector Life Insurance Company of the Year’ award at the Fintelekt Insurance Awards
- SBI Life has won ‘Bancassurance Leader, Life Insurance’ in the large companies category.
- SBI Life has won ‘Insurer of the Year’ in 2020 by FICCI
- SBI Life has won Best Covid Response-Towards Customers Towards Communities award at ASSOCHAM 13th Global E-Summit 2020.
SBI Life Insurance is one of
the market leaders for life insurance policies in India. It offers
different policies with several benefits for the policyholders.
Reliance Nippon Life Insurance
Company, founded in the year 2001 is one of the leading insurance
companies in India catering to various segments of people. Reliance has
more than 10 million policyholders. The company has made insurance
accessible for many through its strong distribution network of 713
branches. Reliance Life has a product for every possible need of the
individual. The company has received many awards.
- Reliance Life has received Best Digital Customer Experience Award and TechCircle Business Transformation Awards 2021.
- Reliance Life has received ‘Innovative Insurance Provider of the Year’ at ET BFSI Excellence Awards 2019
- Reliance Life has received the ‘Best Risk Innovation of the Year’ award
- Reliance Life has won the ‘Best Life Insurance Company (innovative Products)’ title
Browse different insurance plans by Reliance Nippon by clicking below and get a life insurance cover today.
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AEGON Life Insurance Company,
founded in the year 2008 is one among the best to offer various life
insurance solutions to various customer segments. AEGON Life is a new
age company with a strong digital presence and a diverse product
portfolio. The company has received many awards and recognition
- AEGON Life has received the ‘’Digital Company of the Year – 2020’’ award and ET BFSI Award in 2019.
- AEGON Life has received the ‘E-business Leaders Award’ at Indian Insurance Awards
- AEGON Life has received the ‘Celent Model Insurer Asia Award’
- AEGON Life has won ‘Most recommended Life Insurance Brand 2013’
Aviva Life Insurance Company
is a joint venture between Aviva plc, a British Assurance Company and
Dabur Group, an Indian conglomerate. With more than 121 branches and
9000+ employees, Aviva Life has been offering a wide array of insurance
products starting from protection plans to savings and retirement plans.
Online products, customer service and many more areas make the company
one of the top insurance companies in India. Aviva Life has been awarded
as the ‘Best and Most Trusted Brand, 2019’
Aviva Life Insurance Company
was declared to be the Most Trusted Private Life Insurance Brand for the
years 2018 and 2019 by TRA, Brand Trust Report – India Study. You can
read more about the company to select a plan from Aviva Life Insurance
below.
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Aditya Birla Sun Life
Insurance Company, founded in the year 2000 is a subsidiary of Aditya
Birla Capital Limited. Aditya Birla Sun Life Insurance Company was
formed by the coming together of Aditya Birla Group and Sun Life
Financial, the leading international financial services organisation in
Canada. Birla Sun Life is one of the best insurance companies in India
that offers a diverse range of insurance solutions starting from
protection plans to pension plans, savings plans and many new-age
products. Total assets under management of the company are INR 5,26,151
million as of March 2021. The company has its presence across the
country with 386 branches, 7 bancassurance partners, 6 distribution
channels and 90,000+ direct selling agents. Birla Sun Life Insurance
Company has received many accolades and awards for its continued
contribution to the industry.
Birla Sun Life Insurance
Company had received ‘Successful Performance’ for 4 years Award in April
2005 by The Indo-Canadian Business Chamber. You can get complete
information about plans from Birla Sun Life on this page.
Kotak Life Insurance Company
is one of the fastest-growing and top insurance companies in India with a
base of 30 million + policyholders. Kotak Mahindra Bank is the parent
company for Kotak Life Insurance. Kotak Life Insurance Company offers a
diverse range of insurance products to every section of society with
unique features. Currently, the company has 32+ products, 18 riders, 10
Unit Linked Investment Plans and 9 group products to offer. Kotak Group
has achieved many milestones in the financial services field and has
been awarded and recognised consistently for its achievements.
Kotak Life Insurance offers
several benefits such as protection, wealth creation, tax benefits, and
more. The company offers several plans such as savings and investment
plans, child plans, savings plans, and retirement plans about which you
can read below.
PNB MetLife Insurance Company
is one of the best insurance companies in India founded in the year
2001. The company serves customers of over 7,000 locations through its
multi-distribution channels by offering numerous life insurance and
savings products. PNB MetLife has received many awards for its
excellence in the field of insurance.
- PNB MetLife has won an award for ‘Best in Diversity and Inclusion’ by People Matters Awards 2019
- PNB MetLife has received the ‘Best Product
Innovation’ award for Mera Heart and Cancer Care plans at National
Awards for Excellence in Insurance - PNB MetLife has been awarded as ‘Most Sustainable Company of India’
PNB MetLife helps its
customers to achieve their financial & security goals through its
flexible insurance options. It also offers excellent customer support
services for a smooth purchase and redressal. Read more about the Life
insurance plans offered by the company by clicking below.
Canara HSBC OBC Life Insurance
Company was founded in the year 2008 is one of the top insurance
companies 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. Canara HSBC OBC
Life has a customer base of around 60 million customers. With the huge
network of banks and distribution channels, the company is offering
insurance products accessible to everyone across the country.
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