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List of Life Insurance Companies

Investing in the ideal life insurance policy scheme is among the most important financial decision that a person would be required to make in their lifetime. A comprehensive life insurance policy option from any of the top life insurance companies in India shall make sure that the ability of a family to manage the household expenses, pay debts, and maintain a standard of living does not get affected in the scenario of the unfortunate demise of the insured person.

There are multiple life Insurance companies across the country that offers an expansive range of life insurance option plans. People must compare the policy online of the products offered by these companies, as well as weigh their overall financial strength and customer service. Any online life insurance policy calculator for insurance products can help people to find the perfect insurer to engage with, from the list of life insurance company in India. 

List of Life Insurance Companies in India

Here is a tabular representation of the Life Insurance Companies in India along with their Claim Settlement Ratio (CSR):

List of Life Insurance Companies in India Claim Settlement Ratio Founded
Aditya Birla Sun Life Insurance 96.45% 2000
AEGON Life Insurance 96.06% 2008
Aviva Life Insurance 95.01% 2002
Bajaj Allianz Life Insurance 97.28% 2001
Bharti AXA Life Insurance 97.15% 2008
Canara HSBC OBC Life Insurance 94.04% 2008
DHFL Pramerica Life Insurance 96.80% 2008
Edelweiss Tokio Life Insurance 95.82% 2011
Exide Life Insurance 97.03% 2001
Future Generali India Life Insurance 95.16% 2007
HDFC Standard Life Insurance 99.04% 2000
ICICI Prudential Life Insurance 98.58% 2000
IDBI Federal Life Insurance 95.79% 2008
IndiaFirst Life Insurance Company Ltd - India First 92.82% 2009
Kotak Life Insurance 97.40% 2001
Life Insurance Corporation of India 97.79% 1956
Max New york Life Insurance 98.74% 2000
PNB MetLife Insurance 96.21% 2001
Reliance Life Insurance 97.71% 2001
Sahara Life Insurance 90.16% 2004
SBI Life Insurance 95.03% 2001
Shriram Life Insurance 85.30% 2005
Star Union Dai-ichi Life Insurance 96.74% 2008
Tata AIA Life Insurance 99.07% 2001

Disclaimer: Paisawiki does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

  • Aegon Life Insurance Company:

    A joint venture between one of the top financial service organizations of the world, Dutch Aegon N.V., and The Times Group, gave rise to the AEGON Life Insurance Company. Founded in 2008, this company offers a wide range of insurance policy options, and is known for its customer-centric business approach.   They are in fact, one among the most *awarded insurance firms of the nation, and have a claim settlement ratio of 95.67% (17-18). This company provides people with a range of easy-to-purchase life insurance solutions to effectively meet their risk requirements.

    Aegon essentially is among the *leading financial services companies of the country, while the Coleman & Company is a key media conglomerate of India. Both of them have put in their expertise and experience to develop this company. This venture is majorly focused in developing a customer-centric business and offering products that are characterized by excellence and innovation. This insurance firm majorly adopts a local approach, while being powered by global expertise.

    Aegon Life launched its pan-India operations in July, 2008 following a multi-channel distribution strategy with a vision to help people plan their life better. The fulfilment of this vision is based on having a complete product suite, providing customized advice and enhancing the overall customer experience.

    Being among the leading* life insurance companies of the country, the AEGON Life Insurance Company focuses on offering insurance scheme policies that are perfectly suited to meet financial goals of its patrons.

  • Aditya Birla Sun Life Insurance Company

    Having a consumer base of more than 2 million, this is among the most *renowned life Insurance Companies in India. Aditya Birla Sun Life Insurance was established as a joint venture between Sun Life Financial Inc. and Aditya Birla Group, and is famed to be the pioneer of Unit Linked Life Insurance scheme options in the country.  

    Over the years, this company has significantly contributed to the development and growth of the life insurance industry of the nation, and have established themselves as among the leading* life insurance firms of India. The Aditya Birla Sun Life Insurance Company currently has a customer base of more than 2 million policyholders. They additionally maintain a distribution network across more than 500 cities of India, and in over 560 branches.  

    They have approximately 85,000 empanelled advisors in their staff and have built more than 140 partnerships with discerning banks, brokers and corporate agents. Aditya Birla Sun Life Insurance Company has a claim settlement ratio of 88.45 %.

  • Aviva Life Insurance Company

    Aviva Life Insurance is regarded to be one of the most *popular life insurance companies in the world, and has more than 120 network centres across India. This company operates as a joint venture between the Dabur Group and Aviva Group, and famed for being the first one to introduce Unit Link and Unitized With-Profit Plan in the market. Through them people can invest in a wide range of life insurance scheme options that have quite an economical pricing, and cater to their distinguished financial concerns. 

    The Aviva Life insurance caters to 16 countries across the world, and provides insurance solutions that are designed as per the requirements and concerns of distinguished individuals. This company has 118 branches across India, and maintains a network of 11000 financial advisors. 

    *PaisaWiki does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer

  • Bajaj Allianz Life Insurance Company

    This is among the most *renowned life Insurance Companies in India.  Bajaj Allianz Life Insurance is a joint venture between Allianz SE and Bajaj Finserv Limited. Bajaj Finserv is one of the top financial service providers* in the nation and provides services in the domain of finance, as well as life and general insurance, at the moment.  Allianz SE is a life insurance provider that caters to customers in more than 70 countries. This joint venture Company perfectly blends global expertise with local experience.

    The Bajaj Allianz Life Insurance Company was launched in 2001, and offers a wide range of insurance policy schemes, ranging from Health insurance, group insurance to ULIP and child policy scheme option.

    The Bajaj Allianz Life Insurance Company now caters to millions of customers across the nation, and has spread its reach to whole of the country in just two decades. As of December of 2019, this company had 582 branches and 80,000+ agents throughout India. In addition to this, this company also has a comprehensive set of trusted partners, and offers plans through their online sales channel as well. 

    The brand promise of the Bajaj Allianz Life Insurance Company is to launch a number of innovative insurance products in the country, including the revolutionary RoMC (Return of Mortality Charges). This feature is present in some of their new-age ULIPs, and they are the very first company to introduce this feature. With the Bajaj Allianz Life Plankathon 2018, this company has even secured a place in the Guinness Book of World Records. 

    *PaisaWiki does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer

  • Bharti AXA Life Insurance Company

    This is a renowned life and general insurance provider company that is headquartered in Mumbai. Bharti AXA Life Insurance is a joint venture between Bharti Enterprises and AXA Group.  While Bharti Enterprises is an Indian conglomerate, the AXA Group is a Paris based. In this Joint Venture, 74% of the stake is owned by Bharti Enterprises, and the remaining 26% is owned by AXA. 

    The Bharti Enterprises is considered to be the pioneer of the country in the telecom domain under the name of the Bharti Airtel Limited. AXA was among the *10 largest companies in the world on revenues in the year of 2010, and over the years they have diversified their operations across the planet. 

    Bharti AXA Life Insurance Company Ltd uses the local customer base, infrastructure and knowledge of the Bharti Enterprises, by opting to adapt to the best practice blueprints of AXA. The Bharti AXA Life Insurance Company provides their clients with an expansive range of policies, right from life insurance and child plans to even investment policy options. 

    This company has 120+ offices across the nation, and has a claim settlement ratio of 80.00%. Through this company people can invest in an expansive range of insurance policies, belonging to distinguished pricing range. This firm lays emphasis on understanding the requirements and concerns of each and every customer while delivering products that are tailored to fulfil their diverse concerns. Available, reliable and attentive is the operating motto of the Bharti AXA Life Insurance Company. They offer diverse digitally-enabled services to aid customers to transact with ease and in a hassle-free manner.

    *PaisaWiki does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer

  • Canara HSBC OBC Life Insurance Company

    Founded as a joint venture between HSBC Insurance Holding Ltd, Canara Bank and Oriental Bank, this company came into existence in 2008. It is one of the most* trusted life Insurance companies in the nation, and has a pan India network. While the HSBC Insurance and OBC own 26% and 23% hold equity respectively in this joint venture, a major chunk of 51% shares are owned by the Canara Bank.

    The Oriental Bank of Commerce and the Canara Bank are considered to be two of the largest public sector banks of India. While, on the other hand, HSBC Insurance (Asia Pacific) Holdings Limited is basically the Asian insurance arm of HSBC which is among the banking and financial services groups of the planet. 

    There are more than 7000 branches of the Canara HSBC OBC Life Insurance across India, and this insurance provider is especially known to offer customized risk-management solutions to their discerning clients. The insurance scheme options offered by this company have a maximum tenure of 40 years. Maintaining a pan-Indian network, currently this company caters to approximately 60 million customers across the nation.  

    In addition to their typical branches, the Canara HSBC OBC Life Insurance also has 26 centres around the country that offers the required coaching and training support to the discerning bank staff. This bank was additionally the first one to launch 'Immediate Payouts on Death Claim’. Under this claim, the family of the deceased policyholder tends to acquire the fund value instantly on registration of death claim under ULIP policies. 

    *PaisaWiki does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer

  • Edelweiss Tokio Life Insurance Company

    This is one of *top private sector life Insurance Companies in India, and was formed as a joint venture between the Edelweiss Group of India and Tokyo Marine Holding of Japan joined. The Edelweiss Group is an India based financial service company, while Tokio Marine is among the most rapidly growing * life insurance firms in Japan. 

    Edelweiss Group was founded in India and maintains quite a diversified portfolio. Its business spans through the domains of insurance housing finance, asset management and capital market. This group caters to more than 4 lakh clients, and has its presence in around 170 Indian cities.  Tokio Marine, on the other hand, is one among the leading insurance firms in Japan*.  

    This company has vested its interest in the spheres of non-life, life and re-insurance, and enjoys a presence across 39 countries and 400+ cities. The stake of the company is divided into a ratio of 74:26 between Edelweiss and Tokio Marine respectively.

    Being founded in 2011, the Edelweiss Tokio Life Insurance Company Ltd is among the newer life Insurance Companies in India.  In the year of 2013, this insurance firm had been recognized as a* ‘Rising Star Insurer’ of the country owing to their technology innovation, business strategy and financial strength.

    *PaisaWiki does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer

  • Exide Life Insurance Company

    Operating since the year of 2001, Exide Life Insurance Company has more than 200 offices across the nation and has even been ranked in the list of *top 10 Trusted Life Insurance Brands in India by a recent survey by Economic Times - Brand Equity and Nielsen. 

    This company has emerged as one of the most prominent life Insurance companies in the nation by providing their customers with customized plans at an affordable pricing, while also maintaining a customer centric approach. Through them people can easily invest in savings, retirement, protection and investment policy schemes.

    The Exide Life Insurance Company was formerly referred to as the ING Vysya Life Insurance Company Limited. This insurance firm is wholly owned by the Exide Industries Limited, and is known to be among the top* life insurance firms in the Southern part of India. They have more than 10 lakh customers across the country, and are equipped with the ISO 9001:2008 quality certification for all of its customer service processes.

    With the help of Banc assurance, agencies and alliances, the Exide Life Insurance Company maintains a strong network of agency channels, which includes more than 35000 advisors. These advisors are attached to more than 200 customer care centres and company offices across the nation. The Exide Life Insurance Company is known to offer both premium savings and long-term protection solution, while also having a robust traditional product portfolio. They maintain quite a consistent bonus track record.

    *PaisaWiki does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer

  • Future Generali India Life Insurance Company

    Founded in the year of 2007, this is a joint venture between Future Group, Generali Group, and Industrial Investment Trust Limited.  This insurance firm provides an amalgamation of the local knowledge and global insurance expertise brought by its founding brands. While the Future Group is an Indian retail company, Generali is an Italy based insurance brand. 

    The Future Group is essentially one of the leading * Indian private conglomerates that manages a host of renowned retail formats like Food Bazaar, Big Bazaar and Pantaloons. The Generali Group, on the other hand, is one of the *leading players when it comes to the global insurance and financial markets. 

    This brand has its presence in more than 60 nations and caters to more than 65 million clients. Future Generali India Insurance Company is known to be supported by a group of seasoned professionals to specialize in the spheres of risk management, accounting, insurance and finance. 

    The Future Generali India Life Insurance Company has branches across India, and is regarded to be a one-stop destination for various types of financial products, especially unit linked, protection and savings policy options. Plans having a maximum tenure up to 75 can be invested in through this company.  

    This company claims to settle around 2.1 Lakh claims each and every year, and has beyond 15 Lakh satisfied customers. The host of insurance products offered by Future Generali India Life Insurance Company tends to be related to the aspect of personal, social, commercial or even rural insurance so as to cater to their diverse segments of customer base. 

    This insurance firm operates in 125+ locations across the country, and has over 2,000 active corporate clients. People can also avail value-added features like the Future Xpress and the Future Xpress++ through them. 

    *PaisaWiki does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer

  • HDFC Standard Life Insurance Company

    This is a joint venture between Housing Development Financial Corporation Ltd. and Standard Life Plus. Founded in year 2000 HDFC Standard Life insurance is one of the *leading insurance firm in India. The Mauritius based Standard Life owns 26 % stake of this company, while the HDFC has the major 74.60%. 

    The remaining stake is held by others.  The high level of expertise of the HDFC and Standard Life has enabled this company to become a *market leader in the sector of insurance. This company aims to cater to a vase range of insurance needs of the people through their diversified policies. 

    Being among the major life insurance companies in India, HDFC Standard Life Insurance Company boasts of having a robust sales force that aids it to enhance the market share of the brand in the insurance sector. The company currently has 27 retail and 8 group products in portfolio. In order to meet various needs of customers, the company provides an array of group and individual insurance solutions such as pension plan, protection plan, saving and health plan, women plan, and child plan.

    With over 414 branches spread in 900 cities and towns in India, the company has a claim settlement ratio of 95.02%. HDFC Life Insurance Company offers plans in a much customized way to fulfil customer requirements. They provide them with the benefit of tailoring their insurance policies by adding riders and other optional benefits at relatively cost-effective pricing. 

    For the financial year 2016-17, this company had honoured 99.67% claims under group policies, as well as 97.62% claims under individual life insurance plans.  Over the years, this insurance company has received multiple recognitions and awards for their wide range of innovative products and customer service initiatives.

    *PaisaWiki does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer

  • ICICI Prudential Life Insurance Company

    This company was founded as a joint venture between ICICI Bank Ltd. and Prudential Plus. The ICICI Prudential Life Insurance Corporation began its operations from 2000, and over the years has emerged as one of the *leading life insurance companies in India. 

    ICICI Bank is one of the *most successful and largest financial service company in India, and holds 74% of the stake of this insurance firm. The UK based international financial services group, Prudential Plus, has 26% of the stake of the joint venture. 

    The ICICI Prudential Life Insurance Company is known to be the first private insurance firm who has received a National Insurer Financial Strength AAA rating from the Fitch ratings. It was also voted as the *India's Most Trusted Private Life Insurer for 3 years consecutively, and have even won the 1st prize for its project on digitalization at the Qimpro Awards held in the year of 2014.  

    They were also awarded with the ‘Company of the Year Award 2011 - Life Insurance’ and ‘Insurance Company of the Year Award 2011’ by the well-known ‘Insurance Review’ journal. 

    *PaisaWiki does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer

  • IDBI Federal Life Insurance Company

    Established in 2008, this company came into being as a joint venture between Federal Bank, IDBI Bank, and Ageas. The IDBI Bank is among the *premier industrial development banks of the nation, while Ageas is a Europe based multinational insurance brand. The Federal Bank essentially is a *major Indian commercial bank. The major 48% of the stakes are owned by the IDBI bank in this venture, while 26% each is owned by the others. 

    While it is one of the recently established life insurance companies in India, the IDBI Federal Life Insurance Company managed to expand its reach quite a bit within just a span of 5 years. This could majorly happen due to its nationwide network of more than 2100+ partners. At the Lokmat Banking, Financial Services & Insurance Awards of 2013 -2014, this company was recognized at the * Best Insurance Company in the Private Sector’.

    The IDBI Federal Life Insurance Company has more than 2000 branches across the nation that caters to both individual and corporate clients. This insurance company is especially renowned for the retirement, protection and capital policy options provided by them, and also have quite a commendable claim settlement ratio. 

    *PaisaWiki does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer

  • IndiaFirst Life Insurance Company

    This company was a joint venture established between Bank of Baroda, Andhra Bank, as well as the UK based Legal and General Group.  It is one of the youngest life insurance companies of India, and is promoted by two major public sector banks. 44% of the stakes of this company is held by the Bank of Baroda, while the Andhra Bank has 30% and the Legal & General have 26%. 

    The IndiaFirst Life Insurance Company has more than 4000 branches across the nation, and provides the customers with a wide range of investment and insurance policy options.  This company currently caters to more than 1000 cities across the nation, and has insured beyond 2.7 million individuals. It is among the very first life insurance companies in India that works on the bank insurance or Bancassurance model, and therefore makes use of an existing base of promoter banks.

    Through The IndiaFirst Life Insurance Company, one can also invest in policy options that involve employee liability and credit life. They offer a vast number of easy to comprehend insurance solutions that can be tailored to meet the needs of people at diverse stages of life. 

  • Kotak Mahindra Life Insurance Company

    A wholly owned subsidiary of the Kotak Mahindra Group, this is one of the *fastest growing life insurance companies in India.  The Kotak Mahindra Group is among the most prominent*banking and financial services organization of the nation, and offers an expansive range of financial services that are designed to cater to both the investment and corporate needs of people. 

    Banking and financial services organization had covered more than 27 million individuals as of the June of 2019.  It has beyond 4 million policyholders across the nation.  The insurance solutions offered by this insurance company have been designed to cater to the evolving financial requirements of people. Their expansive portfolio makes it simple to find almost any insurance product, which one may require. Not just individuals, but this company also offers a host of group solutions. 

    Their policies can significantly help people to meet their long-term goals. This company also has one of the *best claim settlement ratios in the industry, which largely underlines its commendable business practices.

    *PaisaWiki does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer

  • Life Insurance Corporation (LIC) India Company

    In addition to being the oldest insurance firm in India, this also is one of the *largest life insurance companies of the nation. LIC has more than 2000 network branches across the nation, and boasts of having quite a high claim settlement ratio as well.  This company has its headquarters in Mumbai, with 110+ divisional offices and 8 zonal offices across India. More than 14 lakh agents work for the LIC all around the country. 

    LIC maintains a commendable presence in both rural and urban parts of India. The key motto of this firm is "Yogakshemam Vahamyaham", which implies that the welfare of the people is their responsibility. This insurance company was ranked as the 6th *most trusted service brand of India by the Economic Times Brand Equity Survey 2012. Since the year of 2006, this company has additionally winning the *Readers' Digest Trusted brand award consistently. 

    *PaisaWiki does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer

  • Max Life Insurance Company

    The Mitsui Sumitomo Insurance Co. and Max Financial Service Ltd. came together to form this company.  The Mitsui Sumitomo Insurance Co. Ltd is a general insurance firm and a member of MS&AD Insurance Group, while the Max India Ltd is a multi-business corporate of India. 

    The Max Life Insurance has emerged as a* leading life insurance companies in India over the years through its multi-channel distribution partners, and has a claim settlement ratio of over 90%. The insurance policy options offered by this company includes long term protection, saving and retirement schemes.

    The Max Life Insurance Company was founded in 2000 and began its operations in 2001. In the year of 2013-14, this company was ranked 4th among the list of private life insurance companies in India, and had a market share of 10.3%.  Having a Gross Written Premium of Rs 7,279 Crore, this firm is additionally known to be among the *fastest life insurance companies in India. Their asset under management (AUM) has touched the mark of Rs.50, 000 Crore. In the Asia Banking, Financial Services & Insurance Excellence Awards, this company had even received the award of “Best Underwriting Initiative of the Year”.  Having a claim settlement ratio of 98.74, this insurance firm aids at providing adequate risk management solutions for the diverse stages of life of a person. 

    *PaisaWiki does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer

  • PNB MetLife Insurance Company

    Considered to be one of the *fastest growing life insurance companies in India; the PNB MetLife Insurance has its presence in more than 150 locations across the nation.  This company has been established as a joint venture between the MetLife International Holdings Inc. (MIHI), Jammu & Kashmir Bank Limited (JKB) and the Punjab National Bank Limited (PNB).

    This company is best known for the wide range of protection and retirement policy schemes offered by them, and was even provides plans for people between 18-65 years of age. The policy options offered by the PNB MetLife Insurance include child plan, saving plan, ULIP plan, and so on. 

    The PNB MetLife Insurance Company had been developed as a joint venture between the Jammu & Kashmir Bank Limited (JKB), Punjab National Bank Limited (PNB) and the MetLife International Holdings Inc. (MIHI). This company has been operating since 2001, and boasts of providing an amalgamation of the credibility of PNB, which is among the oldest nationalized banks of India, along with the financial strength of MetLife. The expansive distribution of this insurance company, along with its global life insurance expertise and product range, makes is among the most *trusted life insurance companies of India. 

    At the moment, this insurance company caters to people across 7000 locations all over India, while having partnerships with the JKB, PNB and Karnataka Bank Limited. The PNB MetLife is known to offer an expansive array of retirement and protection plans, and has more than 15000 bank partners and financial advisors. The headquarter of this company is in Bangalore, while its corporate office is present in the city of Gurgaon.

    *PaisaWiki does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer

  • Pramerica Life Insurance Company

    Pramerica Life Insurance is considered to be one of the *premier life insurance companies in India and has branches across India. This company has its head office in Gurgaon, and offers a host of insurance plans to their discerning clients within a maximum tenure of 30 years. Pramerica Life Insurance Company was established as a joint venture between Dewan Housing Finance Corporation Ltd and Prudential International Insurance Holdings, Ltd, and 90.87% claim-settlement ratio for 2016-2017. 

    Dewan Housing Finance Corporation Ltd. (PLIL) is the *2nd largest private sector housing finance firm of India, while Prudential International Insurance Holdings, Ltd. (PIIH) is a wholly owned subsidiary of Prudential Financial, Inc. This is a financial service leader headquartered in the United States. 

    PLIL Pramerica Life Insurance Company is one of the most* rapidly growing and flourishing life insurance companies in India. The discerning insurance products offered by this companies are designed to fit the requirements of both individuals and corporate. These plans assist them to effectively build a corpus amount to adequately meet both their long term and short term financial goals. 

    The PLIL Pramerica Life Insurance Company maintains an expansive distribution network that enables them to adequately cater to customers both from rural and urban India.  With the help of their multiple channels of distribution, which includes agencies, channel partnerships, as well as other innovative channels, this insurance company caters to the specific financial requirements of the customers across the nation. 

    The Pramerica Life Insurance Company was the 1st insurance firm in the country to have two distribution channels to especially cater to the increasing needs of school going children and the armed forces.

  • Reliance Life Insurance Company

    This is one of the *largest life insurance companies in India, and has more than 1200 branches across the nation. The Reliance Life Insurance Company has quite a high claim settlement ratio as well, and tends to offer a number of comprehensive policy options.   This company has a claim settlement ratio of 94.53%, and offers a vast range of risk management solutions to its clients.  The Reliance Life Insurance Company has more than 10 million policyholders, over 1 lakh advisors, as well as quite a commendable distribution network featuring more than 800 branches. It is one of *key private insurance firms of India that is not supported by any banks.

    The Reliance Life Insurance Company is a part of the Reliance Capital, which is a * top non-banking and financial services firms of India. 49% of the stakes of the Reliance Nippon Life Insurance Company is held by the Nippon Life Insurance, which is a * leading Japanese private sector insurance company. 

    *PaisaWiki does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer

  • Sahara Life Insurance Company

    Founded in 2004, this is among the oldest wholly owned private life insurance companies in India.  Having quite a prominent presence in various parts of the nation, and caters to insurance needs of almost every segment of the society. 

    Being one of very 1st fully owned private life insurance provider of the nation, this company has gained a lot of trust among the society. Their claim settlement ratio and grievances resolved especially underlines their prominence as the * best go-to options for life insurance in the nation.  The Sahara Life Insurance Company had almost a 90% claim settlement ratio in the year of 2014-2015, while ensuring to settle 100% grievances of their customers. 

    Sahara Life Insurance enjoys a good presence across the nation, right from rural centres to the major urban hubs. They additionally have a high claim settlement ration as well.

    *PaisaWiki does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer

  • SBI Life Insurance Company

    Started as a joint venture between BNP Paribas Cardif and State Bank of India, this company provides an exclusive range of pension and life insurance products at quite a cost-effective price range.   While SBI holds the major 74% of the total capital of this company, 26% of it is held by BNP Paribas Cardif.  The SBI Life Insurance is among the most trusted * life insurance companies of India, and provides quite a versatile range of products that have been designed to cater to the requirements of every Indian and is backed by the reliability of State Bank of India. 

    The SBI Life insurance currently has access to more than 100 million accounts across the nation. They are renowned for offering their high-end services and products in each and every geographic region and economic strata of the nation, so as to make sure that people living in any part of the country are able to avail their offerings. This company additionally maintains ties with more than 80,000 advisors and has quite a robust workforce of agents working for them.

    *PaisaWiki does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer

  • Shriram Life Insurance Company

    Started out as a joint venture between the Shriram Group and Sanlam Group, this company now has more than 600 local branches across the nation.  The Sanlam is a life insurance company that is majorly based in South Africa, while Shriram Group is an Indian conglomerate that has 25 companies under it. 

    The Shriram Life Insurance Company is characterized by their low operational costs and efficient use of capital, and they tend to largely serve the economically weaker section of the society. This company has more than 75,000 insurance agents across the country, who offers a commendable portfolio of insurance products. This company gets more than 40% of its business from the relatively weaker sections of the society. 

    Shriram Life Insurance is among the leading* insurance providers in the Indian rural market, and known to have made great profits within just 3 years of their inception. They aim to serve the mass public, and especially the ones with budget constraints. This company has its headquarters in Chennai. The Shriram group was involved in the chit fund business prior to starting their group business, and eventually coming to the lending sector through the Shriram City Union Finance and Shriram Transport Finance.

    The diverse insurance offerings of this company are designed to make sure that a family won’t be burdened with paying high premium amount, while also ensuring that they would be getting the financial support needed in the scenario of the untimely and unfortunate demise its breadwinner. 

    *PaisaWiki does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer

  • Star Union Dai-Ichi Life Insurance Company

    This company was founded as a joint venture between the Japan Dai-Ichi Life, as well as Union Bank of India and Bank of India.  While the Union Bank of India and Bank of India are two of the *leading public sector banks of India, the Dai-ichi Life is the 2nd largest* insurance company of Japan.  The Star Union Dai-Ichi Life Insurance Company has been formed with the experience, as well as the expertise of 3 key financial service providers. Their expansive range of insurance products is designed to effectively meet the requirements of the Indian populace.

    The Star Union Dai-Ichi Life Insurance Company has more than 1500 branches across the nation and caters to the risk management requirements of the rural customers as well. This company has in fact taken a pledge of having a long-term commitment towards their customers and stake holders. Over the years this company has acquired the trust of around 64 million customers, and are quite renowned for their robust operational expertise

    The Star Union Dai-Ichi Life Insurance Co Ltd offers a wide range of insurance policy schemes to people belonging to diverse social and economic backgrounds. 

    *PaisaWiki does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer

  • TATA AIA Life Insurance Company

    This company was established as a joint venture between the TATA Sons and the AIA Group, and is known for its customer centric approach. The Tata AIA Life Insurance Company brings the prominent leadership position of Tata in India, as well as the AIA’s reputation as the *largest independent listed pan-Asia life insurance group of the world, together.  The AIA has its presence in 17 markets across the Asia Pacific region.  The major 74% of the stakes of this company is owned by the Tata Sons, while 26% of it is owned by through an AIA Group company. The operations of this company began on 2001, and over the two decades, this company as emerged as one of the most *renowned life insurance firms in India. 

    Tata AIA Life Insurance Company is known to offer an expansive coverage for almost all eventualities that one may have to face through their diverse offerings.  They even offer a number of additional benefits and riders that ensure a comprehensive protection to people of all ages and walks of life. Most of their policies are quire customer friendly, so as to provide optimal benefits to the policyholders. The Tata AIA Life Insurance Company has quite an easy forming process, as well as an user-friendly interface, which makes it extremely hassle-free for all people to seek out information in regards to their offerings. 

    *PaisaWiki does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer 

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Term Insurance Benefits A person always wants to secure the future of the family in any circumsta...