Top 5 Life Insurance Companies in India 2022
Life Insurance is one of the important for all the people for registering them as secure and if incase any happens to us then that insurance will help the family members.
Top Five Life Insurance Companies in India in 2021:
1. Life Insurance Corporation of India
2. Max Life Insurance Company
3. HDFC Life Insurance Company
4. ICICI Prudential Life Insurance
5. Tata AIA Life Insurance Company
1. Life Insurance Corporation of India
⇒ LIC (Life Insurance corporation of India) is one of the popular and largest life insurance company in India and it is owned by Indian Government and it is also listed one of the top insurance companies in India.
⇒ This was established in the year 1956 and this makes insurance for every person in any part of the country and Life Insurance Corporation of India (LIC) have approximately 2048 Branches across India and 114 Divisional offices, 8 Zonal offices and also have 1381 satellite offices.
⇒ At present Life Insurance Corporation company (LIC) have ₹ 3,111,847 Crores or USD 450 Billion.
⇒ As this company is very popular in India, that's why nearly 29 crores of people are taken policies from LIC and become policy holders in LIC.
⇒ This Life Insurance Corporation company is trusted insurance company and it offers a great customer service from both digitally i.e. online platform and through branch offices.
⇒ LIC provides different types of schemes to the people with a low pavement schemes and every year nearly 45 lakhs of people joins LIC.
⇒ LIC has got "Best life insurance company of the year" and according to the brand trust report, LIC has been given a most trusted brand in BFSI category.
⇒ This will also provide insurance for the minor people and provide insurance loans to the people who have policy in LIC.
2. Max Life Insurance Company
⇒ Max life insurance company which was founded in 2000, is one of the largest private insurance company in India, and this max life insurance is a joint ventured between Indian max India ltd, which is a multi business Indian corporate and Mitsue sumitomo insurance company, which is a Japanese insurance company.
⇒ As per the new survey report this is in the fastest increasing insurance companies in India and this max life assets has recently raised up to 50,000 crores.
⇒ This Insurance companies has more than 30+ lakh customer base, and has best online customer service and it has expanded its offices to 1090 across the country,
⇒ This insurance company provides best customer service in both online on through office and this company provides different types of policies and gives different types of benefits to the customers, and also it have high claim settlement ratio.
3. HDFC Life Insurance Company
⇒ This company is also one of the top insurance company in India and it is a by product of HDFC Ltd., one of the leading finance institution in India.
⇒ This company was founded in the year 2000 and this HDFC Life offers different types of insurances and investments solutions to various customers who will but policy from this company.
⇒ This company have nearly 412 branches and in that there are sub divisions and have some bank assurance partners, and it have string digital platform service, which are easily to the customers of HDFC life.
⇒ This HDFC Life has ranked as most valuable private insurance company in India.
⇒ It has received Creative Excellence Award at India awards on 2018.
⇒ It also received Best Life Insurance Company.
4. ICICI Prudential Life Insurance
⇒ ICICI Prudential Life insurance company will be organized by ICICI Bank Limited and Prudential corporation holdings limited.
⇒ It was founded in the year 2000 by ICICI Bank Ltd,.
⇒ This is one of the best insurance company in India, not only in insurance it have a strong bank assurance channel and multiple distribution channel.
⇒ This total assets of this company is ₹ 1604.1 Billion, and this company also have high customer service and branch service.
⇒ This Company has achieved different types of awards like
> Best Life Insurance Company of the year in 2019.
> Best Life Insurance provider of the year in 2018.
> Best term insurance provider of the year in 2017-2018.
> Best growth in life insurance in 2018
5. Tata AIA Life Insurance Company
⇒ TATA AIA Life Insurance Company is a subsidiary of Tata Sons Private Limited, one of the largest group in AIAI Group Limited.
⇒ This is one of the largest insurance company in Asia, and Tata AIAI life insurance company have assets size of ₹ 28430 crores as up to 2020.
⇒ This is one of the best insurance company in India, not only in insurance it have a strong bank assurance channel and multiple distribution channel.
⇒ Being one of the trusted company in India, this Tata company will offer different types of benefits to the customers who have taken poly from their company.
⇒ Different types of policies will be provided for the company at low cot and also provide best customer service to the customers.
⇒ This company has achieved different types of awards from national and international.
