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Top 10 Insurance Companies in India

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There are all 24 life insurance companies in India. only one company (LIC) is the public sector insurance company and All others are private insurance companies. to know more about all companies and companies claim settlement ratio visit: – PowerPoint PPT presentation

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Title: Top 10 Insurance Companies in India


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Top Insurance Companies in India
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  • Life Insurance is a contract where the insurers
    have to pay a designated beneficiary amount of
    money in the event of a death of the insured
    person. The other insurance plans promise
    pension/return on retirement. Below is the list
    of 10 Best Insurance companies in India

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  • Life Insurance Corporation tops the chart.
  • Corporate Office- Mumbai
  • Established in the Year- 1956
  • Website URL- www.licindia.in
  • LIC Life Insurance - It has been there for ages
    and was said to dominate the Indian Insurance
    Market. However, slowly people have started
    looking at other options.

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  • 2. SBI Life Insurance
  • Corporate Office- Mumbai
  • Established in the Year- 2001
  • Website URL- www.sbilife.co.in
  • It is a joint venture between BNP Paribas and the
    State Bank of India. It has a good hold in the
    Indian market as far as Finance and banking
    sector come into the picture. It is also the most
    renowned Insurance company after LIC.

5
  • Birla Sun Life Insurance
  • Corporate Office- Kerala
  • Established in the Year- 2000
  • Website URL- www.birlasunlife.com
  • It is both a financial and an insurance company
    and is a joint venture between Aditya Birla and
    Sun Life Insurance. The company has seen
    exceptional growth recently and earned a
    reputation for itself.

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  • 4. Reliance Life Insurance
  • Corporate Office- Mumbai
  • Established in the Year- 2000
  • Website URL- www.reliancelife.com
  • It is a group company of Reliance and is among
    the top insurance companies in India today. In
    the Year 2011, Reliance sold 26 of its share to
    Nippon Life Insurance, Japan. It is one of the
    bigger and reliable names in the Industry.

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  • 5. ICICI Prudential Life Insurance
  • Corporate Office- United Kingdom
  • Established in the Year- 2000
  • Website URL- www.iciciprulife.com
  • A joint venture between ICICI and Prudential Plc,
    United Kingdom. It offers a range of insurance
    products catering to the Indian customers and
    their needs. Products include wealth, health,
    life insurance, medical insurance and retirement
    solutions.

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  • 6. Tata AIG Life Insurance
  • Corporate Office- Mumbai
  • Established in the Year- 2001
  • Website URL- www.tataaiginsurance.in
  • Tata AIG is a joint venture between Tata and AIG.
    It is flagship company of TATA. It started
    Insurance business in the year 2001. The company
    also launched many insurance products such as the
    motor, health, and accidental insurance.

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  • 7. ING Vysya Life Insurance
  • Corporate Office- Banglore(Karnataka)
  • Established in the Year- 2001
  • Website URL- www.inglife.co.in
  • ING Vysya as a life Insurance company offers
    insurance and retiral plans. It has been in
    operations in more than 200 cities in India and
    has a huge customer base of over 10 lakh
    customers.

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  • 8. Bajaj Allianz Life Insurance
  • Corporate Office- Pune
  • Established in the Year- 2001
  • Website URL- www.bajajallianz.com
  • A joint venture between Bajaj and Allianz. It is
    a private insurance company and offers many
    insurance plans and policies, including ULIP,
    term insurance, and pension plans.

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  • 9. Max Life Insurance
  • Corporate Office- New Delhi
  • Established in the Year- 2000
  • Website URL- www.maxlifeinsurance.com
  • This is another private company offering
    insurance plans to customers. It is a joint
    venture between Max India Ltd and Mitsui Sumitomo
    Insurance Co. Ltd. While Max India is a leading
    Indian multi-business. It was founded by Analjit
    Singh the company offers group insurance and
    individual insurance.

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  • 10. HDFC Standard Life Insurance
  • Corporate Office- Mumbai
  • Established in the Year- 2000
  • Website URL- www.hdfclife.com
  • HDFC Life Insurance is a group company of Housing
    development finance corporation and Standard Life
    Insurance. Founded by Hasmukh Bhai Parekh in the
    year 2000, HDFC Standard Life Insurance has about
    500 branches in India. It offers pension,
    savings, health with children and women plans and
    much more.
  • Apart from the above ten companies, this company
    needs a special mention. Oriental life Insurance
    company is a pioneer in India offering Life
    Insurance Coverage it was established in
    Calcutta in the year 1818 by Bipin Behari
    Dasgupta.

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  • Thank You
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