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Sunday 22 December 2019

List of Life Insurance Companies in India

List of Life Insurance Companies in India

Claim Settlement Ratio

AEGON Life Insurance

 95.67%

Aviva Life Insurance

 94.45%

Bajaj Allianz Life Insurance

 92.04%

Bharti AXA Life Insurance

 96.85%

Birla Sun Life Insurance

 94.69%

Canara HSBC OBC Life Insurance

 95.22%

DHFL Pramerica Life Insurance

 96.62%

Edelweiss Tokio Life Insurance

95.24%

Exide Life Insurance

96.81%

Future Generali India Life Insurance

93.11%

HDFC Standard Life Insurance

97.80%

ICICI Prudential Life Insurance   

97.88%

IDBI Federal Life Insurance

91.99%

IndiaFirst Life Insurance Company Ltd - India First

89.83%

Kotak Life Insurance

93.72%

Life Insurance Corporation of India

98.04%

Max Newyork Life Insurance

98.26%

PNB MetLife Insurance

91.12%

Reliance Life Insurance

95.17%

Sahara Life Insurance

82.74%

SBI Life Insurance

96.76%

Shriram Life Insurance

80.23%

Star Union Dai-ichi Life Insurance

92.26%

Tata AIA Life Insurance

98%
Life insurance Companies Brief Details 


There are right now, an aggregate of 24 extra security organizations in India. Of these, Life Insurance Corporation of India (LIC) is the main open part insurance agency. All others are private insurance agencies. A large number of these are joint endeavors between open/private area banks and national/global protection money related organizations. 

Private extra security organizations in India gain admittance to the disaster protection segment in the year 2000. Most private players have tied up with global protection goliaths for their disaster protection raid. 

AEGON Life Insurance Company 

AEGON Life Insurance Is a joint endeavor between one of the world's driving budgetary assistance association and Bennett, Coleman and Company. The organization is engaged to furnish a client driven business alongside an amazing and imaginative working experts. Begun its activity in year 2008 the organization works with a numerous channel conveyance system with an intend to help individuals to design their life in a greatly improved manner. The organization has propelled a variety of items that spotlights on offering most appropriate designs to the clients to meet their money related objective. The plans offered by the organization are term plan, enrichment plan, Group plan, ULIP plan, annuity plan, security plan, sparing arrangement, youngster plan and ruler plan. 


Aviva Life Insurance Company 

Aviva Life Insurance is the biggest and the most well known protection supplier on the planet. The organizations is a joint endeavor between the Dabur Group and Aviva Group. With 121 arranged focus the nation over Aviva Life Insurance serves countless client base nation savvy. Among the other insurance agencies in India the organization is known to initially present Unit Link and Unitized With-Profit Plan in the market. The Aviva Life Insurance Company offers a wide assortment of plans to the clients. These plans satisfies every one of the requirements and necessities of the purchasers at a prudent cost. Probably the most widely recognized arrangement offered by the organization are security plan, ruler plan, youngster plan, retirement plan, sparing arrangement, wellbeing plan, term plan and gathering protection plan. 

Bajaj Allianz Life Insurance Company 

Bajaj Allianz Life Insurance is a joint endeavor between the European money related administrations organization Allianz SE and Bajaj Finserv Limited. The organization has picked up name as one of the top most disaster protection brand in India. Among the other extra security organizations in India Bajaj Allianz Life Insurance Company meet its clients need by giving them an enormous scope of items directly from ULIP and Child Plan to Group and Health Insurance. The organization give a colossal cluster of redid items that cook the each and every interest of the client and give them a straightforward advantage. Propelled in year 2001 this extra security organization gives a one stop answer for the clients and help them in accomplishing their monetary objectives. 

Bharti AXA Life Insurance Company 


Headquartered in Mumbai Bharti AXA Life Insurance is an actual existence and general protection supplier organization. The company/organization is a joint endeavor between Bharti Enterprises and AXA Group. The clients can look over the wide scope of arrangements offered by the organization going from venture plans to conventional arrangement or extra security plan to youngster plan. The organization is thriving hugely and has a system of 123 workplaces in various urban communities crosswise over India. The clients has seen a most extreme complaints settled by the organization in a year and had encountered a case settlement proportion of 80.00%. The strategies offered by the organization has a greatest residency of 65 years and the age criteria for the plans begins from least 18 years to most extreme 65 years.

Birla Sun Life Insurance Company 

With a 2.5 million of client base the Birla Sun Life Insurance is one of the main insurance agency in India. Birla Sun Life Insurance came in to presence with the joint endeavor between Aditya Birla Group and Sun Life Financial Inc. The organization is known as a pioneer of Unit Linked Life Insurance designs and has more than 600 branches spread more than 500 urban areas the nation over. A total scope of protection administrations is offered by Birla Sun Life Insurance like security plan, kid plan, wellbeing and retirement arrangement, ULIP plan, redid bunch item and life organize item to gives contend fulfillment to the clients. With a case settlement proportion of 88.45 % the organization offers the best plans for the clients. 

Canara HSBC OBC Life Insurance Company 

Propelled on year 2008 Canara HSBC OBC Life Insurance is a joint endeavor between HSBC Insurance Holding Ltd, Canara Bank and Oriental Bank. The organization functions as a skillet India connect with around 7000 parts of the three investor banks the nation over. Also, the organization gives vital preparing and training to the bank staff over the 28 focuses in nation. With a tremendous client base the organization gives most  items to address the issues of the purchasers. The strategies offered by the organization has a most extreme residency of 40 years and the qualification criteria ranges from least 18 years – greatest 70 years. 

DHFL Pramerica Life Insurance Company 

Arranged in Gurgaon DHFL Pramerica Life Insurance is viewed as India's chief Life Insurance Providers. The organization presents with 67 branches and 2000 representatives spread the nation over. In spite of the fact that regardless of being another organization the firm is developing by piles and limits and had made a wonderful spot in the market. The organization offers an assortment of plans to the clients inside a most extreme residency of 30 years. The organization has a case settlement proportion of 84.00 % from year 2015-2016 and is positioned for most extreme complaints settled throughout the year. DHFL Pramerica Life Insurance have an enormous client base and give one stop answer for all protection needs. 

Edelweiss Tokio Life Insurance Company 

Edelweiss Tokio Life Insurance established in 2011 is a recently framed private division protection supplier in India. Edelweiss Group of India and Tokyo Marine Holding of Japan consolidated hand and has shaped Edelweiss Tokio Life Insurance Company. The organization offers a large group of extra security items to the client with significant yields and ensured intrigue installment. Probably the most well-known plans offered by the organization are sparing plans, blessing plans, kid plans, insurance plans and retirement plans. Over this to satisfy the prerequisites of the client the organization likewise give add-on inclusions like unplanned demise advantage rider, unintentional aggregate and changeless incapacity rider and basic disease rider. 

Exide Life Insurance Company 

Found in year 2000 the Exide Life Insurance Company began its activity in 2001. The organization was in the past known as ING Vysya Life Insurance Company Ltd. furthermore, is 100% claimed by Exide businesses Ltd. Exide Life Insurance has a system of 200 workplaces the nation over and is upheld by more than 35,000 counsels. The organization is positioned as top 10 Trusted Life Insurance Brand in India. When contrasted with the other insurance agencies in India the arrangement offered by the organization is redone in a manner to satisfy the prerequisites of the client and is accessible at truly moderate rates. With a client driven methodology the plans are arranged into security, sparing, venture and retirement plan. For all your protection needs the Exide Life Insurance offers a one stop answer for the clients. 

Future Generali India Life Insurance Company 

Built up in year 2007, Future Generali Life Insurance India is a joint endeavor between Generali Group, Future Group and Industrial Investment Trust Limited. The organization has a system of 98 branches over India and since its commencement it has sourced more than 11 Lakh arrangements. The organization offers one stop answer for a wide range of monetary security to the client and serves their items on various zones like sparing assurance, strategies and Unit Linked Policies. The strategies are offered with a most extreme residency as long as 75 years and the qualification criteria ranges from least 18 years to greatest 56 years. The organization has a record of greatest complaints settled and give a case proportion of 90.61%. 

HDFC Standard Life Insurance Company 

HDFC Standard Life Insurance Corporation India is a joint endeavor between Housing Development Financial Corporation Ltd. what's more, Standard Life Plus. Established in year 2000 HDFC Standard Life protection is one of the main protection firm in India. The organization has as of now 27 retail and 8 gathering items in portfolio. So as to meet the different needs of the client the organization gives a variety of individual and gathering protection arrangements like annuity plan, sparing and wellbeing plan, insurance plan, youngster plan and ladies plan. With more than 414 branches spread in 900 urban areas and towns in India the organization has a case settlement proportion of 95.02%. HDFC Life Insurance Company offers designs in a much redone approach to satisfy the necessities of the client. 

ICICI Prudential Life Insurance Company 

ICICI Prudential Life Insurance Corporation of India is a joint endeavor between ICICI Bank Ltd.; one of the India's driving private part bank and Prudential Plus; one of the biggest global budgetary help gathering. The organization started its activity in December 2000 as the first private division Life protection in Quite a while. For over 10 years the organization has kept up its top most position among the private life back up plan in nation. To satisfy the diverse life arrange prerequisites of the client, ICICI Prudential Life Insurance gives a variety of items that empowers the purchasers to accomplish the long haul objective. ICICI Prudential extra security offers items like term plan, ULIP plan, Pension Plan, Child Plan and Investment Plan.

IDBI Federal Life Insurance Company 

Framed in 2008 IDBI Federal Life Insurance is a joint endeavor between IDBI Bank, Federal Bank and Ageas an European Insurance Company. With a cooperated system of 2137 branches over the nation the organization offers a wide scope of capital administration solution,protection and retirement to the corporate clients just as person. The bank likewise offers bright mechanical answer for its clients. To be qualified for IDBI Federal Life Insurance one ought to have a base age cutoff of 18 years to greatest age point of confinement of 55 years. The organization has a record of most extreme complaints over a brief timeframe and give a case settlement proportion of 84.79% for a year. 

IndiaFirst Life Insurance Company 

The two Indian open division bank, Bank of Baroda and Andhra Bank went into a joint endeavor with U.K based venture firm Legal and General and has propelled India First Life Insurance Company. Headquartered in Mumbai the organization offers venture reserves, protection plans and different approaches. The organization offers a wide scope of plans to cook the need of each individual like sparing plans, insurance plans, annuity plans, term plans and youngster plans. With a system parts of 4,800 the nation over the organization serves more than 1000 urban areas in India and offers a case settlement apportion of 72.21% over a year. India First Life Insurance Company Ltd not just satisfies every one of the requirements of the client furthermore the plans offered to the client is likewise practical. 

Kotak Mahindra Life Insurance Company 

Headquarter in Mumbai the J.V between Kotak Mahindra Group and Old Mutual Fund is Kotak Mahindra Life Insurance. It is one of the quickest developing insurance agency in India that has a 4 million confided in policyholder across the nation. Keeping their clients in high need the organization gives a much moderate scope of term plan, ULIP plan, kid plan, sparing arrangement, venture plan, security plan and retirement plan. The organization has much picked up name in the market for conveying exceptional incentive to its client through tweaked items and incredible help. The Kotak Mahindra Life Insurance furnish plans with a greatest residency of 30 years and qualification criteria with least 18 years to most extreme 65 years. 

Life insurance Corporation (LIC) India Company 

Extra security Corporation of India is the most established protection area of our nation. Set up in 1956, one of the biggest insurance agency of India is a state claimed protection gathering and venture firm that offers a scope of protection items to its clients. A portion of the normal items that is offered by the organization are life coverage plans, benefits plans, kid protection plans, unit connected plans, extraordinary plans and gathering plan. With a network of 2,048 branches the organization has a colossal number of workers working in various urban areas and town everywhere throughout the nation. LIC has a case settlement proportion of 98.19% with most extreme complaints settled over year. 

Max Life Insurance Company 

Max Financial Service Ltd. furthermore, Mitsui Sumitomo Insurance Co.Ltd held hands together and has propelled Max Life Insurance as one of the principal insurance agency in India. With multi-channel circulation accomplice and high assistance giving offices the organization offers the most far reaching long haul assurance, sparing and retirement plans. With a solid client driven methodology the organization offers one stop answer for a wide range of protection and venture needs. Max Life Insurance has a solid reputation of 15 years and offers amazing speculation ability. With a case settlement proportion of 96.23% the organization has a most extreme complaints settled over a year. 

PNB MetLife Insurance Company 

A relationship of Punjab National Bank PNB MetLife Insurance is one of the quickest developing life coverage organization in India. The organization has more than 1,800 corporate customers in India and is spread more than 150 diverse area in nation. The organization is outstanding for its insurance and retirement items. Aside from this there are different plans like youngster plan, sparing arrangement, ULIP plan, Monthly pay plan and cash back arrangement that is offered to the client. PNB MetLife Insurance Company in India came enthusiastically in year 2008 and was perceived as best private segment insurance agency for the year 2013-2014. For the protection items offered by the organization the qualification criteria begins from least 18 years – greatest 65 years of age. 

Dependence Life Insurance Company 


One of the India's biggest disaster protection firm Reliance Life Insurance is a piece of Reliance capital of the Reliance Group. The organization has more than 10 million policyholder nation savvy with a system near 1,230 branches the nation over. The organization is as of now the biggest non-bank bolstered private life back up plan in India. Dependence Life Insurance has guarantee settlement apportion of roughly 95.01% and have a record of most extreme complaints settled over a year. The organization chiefly target items to people alongside the gathering sand corporate elements. The organization offers the absolute most far reaching plans like retirement, youngsters, insurance, speculation and wellbeing plan. The most extreme residency of the arrangements are 35 years and the qualification criteria to profit the criteria begins from least 18 years – greatest 55 years.

Shriram Life Insurance Company 

Shriram Life Insurance was set up in year 2005, by a joint endeavor between Shriram Group and Sanlam Group. The organization has a system of 630 branches over the various nations in India and provides food the assorted needs of the clients from the various urban areas of the nation. The organization invest heavily for productive use of capital and low activity cost. The significant key highlights of the organization is that it centers around ruler market and serve the more financially more fragile segment of the general public. With an assortment of plans offered by the organization the greatest residency of the approach goes as long as 25 years and the qualification criteria ranges from least 18 years to most extreme 65 years. 

Star Union Dai-Ichi Life Insurance Company 

The Bank of India, Union Bank of India and the biggest extra security organization of Japan Dai-Ichi Life went into joint endeavor and has propelled Star Union Dai-Ichi Life Insurance Co.Ltd. As one of the fundamental protection arrangement supplier in nation the organization gives a wide scope of protection items to the clients. Star Union Dai-Ichi Life Insurance provide food an enormous number of clients and customers the nation over from various financial and social foundation. The organization promise a long haul duty towards their purchasers and have earned trust over long years. As a client driven organization this driving insurance agency India offers different items like sparing arrangement, riches plan, security plan, youngster plan, annuity plan, credit life plan and term plan. 

 TATA AIA Life Insurance Company 


TATA Sons and the AIA Group collaborated to frame a joint endeavor and has propelled TATA AIA extra security Company. In this endeavor most of stake for example 75% is held by TATA Sons and 26 % by AIA Group of organization. The organization works with a client driven methodology and offers a broad scope of Insurance Product to individuals, affiliation and corporate protection purchasers. Begun working in year 2001 the organization gives different arrangement in numerous fragments like gathering plan, kid plan, riches plan, security plan, sparing arrangement and miniaturized scale protection plan. Among the various insurance agencies in India, TATA AIA Life Insurance has made an amazing situation in the protection division of the nation.

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