Top 10 Insurance companies list India

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A company or business which provides coverages for loss, damages, injury,treatments etc.It decreases or transfers the risk of the customer by compensating the loss occurred(uncertained loss ). The insured or customer receives or enters into a contract called Insurance Policy which is created under agreement between insurer and insured party.
The first company to offer life insurance was the Amicable Society for a Perpetual Assurance Office, founded in London in 1706.

Top best 10 Insurance companies in India

Top 10  Best Insurance companies in India

Company Name:

Life Insurance Corporation of India (LIC)

Address: Mumbai, Maharashtra
Employees: 115900+
Business: Financial services
Establishment: 1956
About Life Insurance Corporation of India (LIC) www.licindia.in
Desc
:
Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group and it is the largest insurance company in India with an asset value of 1560481.84 crore ( estimated value ).It hold maximum Indian market in Insuranc coverage.LIC has 8 zonal offices, around 109 divisional offices, 2,048 branches and 992 satellite offices and corporate offices.The number of active agents was 12,14,111 ( approx. ).
Company Name:

SBI Life Insurance

Address: Mumbai, Maharashtra
Employees: 7300+
Business: Insurance
Establishment: 2001
About SBI Life Insurance www.sbilife.co.in
Desc
:
SBI Life Insurance is one of the top Life Insurance Companies in India.SBI Life Insurance is a joint venture among State Bank of India (SBI) and BNP Paribas Assurance.SBI owns 74% of the total capital and BNP Paribas Assurance owns the balance 26% of the capital.After LIC , SBI Life Insurance holds more Indian Market in insurane coverage. CRISIL Ltd, a rating agency gave the company a AAA/Stable/P1+ rating.This insurance company has 96000+ agents.
Company Name:

Birla Sunlife Insurance

Address: Mumbai, Maharashtra
Employees: 133000+
Business: Financial services
Establishment: 2000
About Birla Sunlife Insurance www.birlasunlife.com
Desc
:
Birla Sun Life Insurance Company Limited (BSLI) is one of the leading life insurance companies in India.BSLI is a joint venture between Aditya Birla Group and Sun Life Financial Inc.BSLI has contributed to the growth and development of the life insurance industry in India.BSLI offers protection plans, children’s future plans, wealth with protection, health and wellness as well as retirement plans.
Company Name:

Reliance Life Insurance (RLIC)

Address: Navi Mumbai,Maharashtra
Employees: 1000+
Business: Insurance
Establishment: 2001
About Reliance Life Insurance (RLIC) www.reliancelife.com
Desc
:
Reliance Life Insurance Company (RLIC) is one of the leading private sector life insurance companies in India.The company has more than 7 million policy holders and a network of 1,230 branches with 124,000 agents ( approx. ).RLIC offers mainly three distinct plans i.e., protection, retirement and investment plans.Nippon life insurance ( Japan ) acquired 26% share in this company in 2011.
Company Name:

ICICI Prudential Life Insurance

Address: United Kingdom
Employees: 15000+
Business: Life Insurance
Establishment: 2000
About ICICI Prudential Life Insurance www.iciciprulife.com
Desc
:
ICICI Prudential Life Insurance Company is one of the popular insurance companies in India.It is a joint venture between ICICI Bank and Prudential plc.ICICI Bank and Prudential plc holding 74% and 26% respectively.It offers life insurance, pensions, health insurance and retirement plans to individuals and groups in India.
Company Name:

Tata AIG Life Insurance

Address: Mumbai, Maharashtra
Business: Insurance
Establishment: 2001
About Tata AIG Life Insurance www.tataaiginsurance.in
Desc
:
Tata AIG General Insurance Company Limited is one of the leading insurance provider to people in India.It is a joint venture between the Tata Group and American International Group (AIG).Tata Sons holds a majority stake of 74 percent in the insurance venture and AIG holds the balance 26 per cent.It offers general insurance products including Motor Insurance, Health Insurance, Home Insurance, Travel Insurance, Lifestyle Insurance.It offers Travel, Health & Car Insurance services online also.
Company Name:

ING Vysya Life Insurance

Address: Bangalore, Karnataka
Employees: 7800+
Business: Insurance
Establishment: 2001
About ING Vysya Life Insurance www.inglife.co.in
Desc
:
Exide Life Insurance is one of the leading life insurance companies in South India.Exide Life Insurance Company Limited formerly called as ING Vysya Life Insurance Company Limited.It was serving more than 10 lakh customers in 200 cities in India.It offers Life, Health and Accident Protection ; Savings & Investments ; Retirement and Pension plans.
Company Name:

Bajaj Allianz Life Insurance

Address: Pune
Employees: 1000+
Business: Insurance
Establishment: 2001
About Bajaj Allianz Life Insurance www.bajajallianz.com
Desc
:
Bajaj Allianz Life Insurance Company is India’s leading private life insurance company and serves worldwide.Bajaj Allianz is a joint venture between Bajaj Finserv Limited and Allianz SE.It offers ,ULIPs,Traditional plans,Life and health insurance plans,Pension Plans,Women insurance plans and Additional rider benefits.
Company Name:

Max Life Insurance

Address: New Delhi
Employees: 8000+
Business: Financial Services
Establishment: 2000
About Max Life Insurance www.maxlifeinsurance.com
Desc
:
Max Life Insurance ranked fourth among private life insurers with a market share of 10.3%. Max Life Insurance is a joint venture between Max India Ltd. and Mitsui Sumitomo Insurance Co. Ltd. It offers Online Term Plan,Protection Plans,Child Plans ,Growth Plans ,Retirement Plans ,Savings Plans and Group Plans .
Company Name:

HDFC Standard Life Insurance

Address: Mumbai, Maharashtra
Employees: 15500+
Business: Insurance
Establishment: 2000
About HDFC Standard Life Insurance www.hdfclife.com
Desc
:
HDFC Life is one of the India’s leading long-term life insurance provider.HDFC Life is a joint venture between Housing Development Finance Corporation Ltd (HDFC),India’s leading housinf finance institution and Standard Life plc ( UK ).HDFC Ltd. holds 72.37% and Standard Life Ltd.( UK ) holds 26.00% of equity and the rest is held by others.Key online insurance plans of HDFC Life are HDFC Life Health Assure,HDFC Life Super Income Plan,HDFC Life Sanchay,HDFC Life Super Savings and HDFC Life ProGrowth Plus.

 

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