List of Best Life Insurance Companies in India .pdf
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List of Best Life
There are a slew of insurance companies in India, of which
Life Insurance Corporation (LIC) is a public sector company.
Rest of the companies is private insurance companies, while
many among them are joint ventures between national or
international banks and private or public sector banks. There
are several private players that have bonded with
international insurance companies to make progress in the
AEGON Life Insurance Company- The claim settlement ratio is
95.30%. Being a joint venture between Bennett, Coleman and
Company, AEGON aims at working based upon multiple channel
distribution strategy. The company started its operations in the year
2008 and since then it has launched a range of products that aim
towards improving the financial life of customers. These include
endowment plan, term plan, ULIP plan, Group plan, saving plan,
protection plan, ruler plan and child plan.
Bharti AXA Life Insurance Company- This is one of the sought-after life insurance
companies in India. Having its headquarters in Mumbai, the company is joint
venture between AXA Group and Bharti Enterprises. The company boasts a network
of 123 offices and the maximum claim settlement ratio is marked at 80.00%.
According to plan eligibility criteria, the minimum years of candidates is 18 years
and the maximum years is 65.
Aviva Life Insurance Company- The claim settlement ratio is 82.00%. A joint
company of Aviva Group and Dabur Group, the company has 121 networked center
and also comes with a large customer base. The plans offered are available at a very
economical price and they include ruler plan, protection plan, health plan, saving
plan, group insurance plan, etc.
Birla Sun Life Insurance Company- Boasting millions of customers, the company is one
of the leading insurance companies in India. The company is the outcome of Sun Life
Financial Inc. merging with Aditya Birla Group. Also, the company is hailed as the
pioneer in ULIP or Unit Linked Plan. The services offered by the company include
child plan, retirement solution plan and health plan. The company has a claim
settlement ratio of 88.45%.
HDFC Standard Life Insurance Company- This is a joint venture between Standard Life
Plus and Housing Development Financial Corporation Ltd. Incepted in 2000, the
company is today one of the leading life insurance companies in India. Right now, the
company holds 8 products in its portfolio. These include group insurance solutions
such as health and saving plan, pension plan, and other individual plans like women
plan, child plan, etc. The claim settlement ratio is 95.02%.
Exide Life Insurance Company- The claim settlement ratio is 83.13%. The company
strated its operations in 2001 and was previously known as ING Vysya Life Insurance
Company and kis rankled among top 10 trusted life insurance companies in India.
Available at feasible rates, this insurance plan offers you one-stop solution to its
ICICI Prudential Life Insurance Company- The company is a joint venture between
Prudential Plus and a pioneering private sector bank. The company also provides an
array of products such as Child Plan, ULIP Plan, Investment Plan and term plan. The
claim settlement ratio is 96.20%.
Edelweiss Tokio Life Insurance Company- The claim settlement ratio is 85.10%.
The company was established in 2011 and is a joint venture of Tokyo Marine
Holding and Edelweiss Group of India. The insurance products offered are child
plans, savings plans, retirement plans, protection plans, etc.
Other than the above mentioned insurance companies, there are other companies
in India that are among the best life insurance companies in India. Make your
choice and pick a company that offers services to your best likings.