Best Life Insurance Companies in India

Life is unpredictable and uncertain. One can only have a proactive measure in place to deal with unpleasant situations. The idea of 'insurance' was thus implemented for the purpose of reducing risk and offering protection. The main form of controlling life risk is insurance.

To cover your loved ones and the things you love, there are all kinds of insurance plans available today. A life insurance company is an institution which creates life insurance policies for its customers. When it comes to choosing the right insurance plan, there are a myriad of options as there are many insurance players in the market offering plenty of unique plans.

Top 10 Life Insurance Companies in India

Given below are some of the best life insurance companies in India:

Source: IRDA Site 2018-2019

1. TATA AIA Life Insurance

They operate with a customer-focused approach and provide individuals/corporate/associations with a wide range of insurance products. They offer group plans, wealth plans, child plans, saving plans, protection plans, and micro-insurance plans.

2. HDFC Life Insurance

To meet the various requirements, they offer individual and group insurance solutions such as pension plans, child plans, saving and health plans, women plans, and protection plans.

3. MaxLife Insurance

They offer long-term coverage, saving & retirement schemes with multi-channel distribution partners & high-service providing agencies, and a clear customer-centred strategy.

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4. ICICI Prudential Life Insurance

The company has held its top position among the country's private life insurers for over a decade. They offer a variety of policies that satisfy the customer's various life stage needs, enabling customers to accomplish long-term goals. 

5. Life Insurance Corporation (LIC) of India

The products that they offer are life insurance plans, child insurance plans, pension plans, special plans, unit-linked plans, and group schemes. It is one of the oldest life insurance company in India having a network of 2048 branches across India

6. Bharti AXA Life Insurance

Customers can select from the company's wide variety of plans, ranging from pension plans to life insurance plans to traditional plans to child plans.  

7. Aditya Birla SunLife Insurance

They are known as a pioneer of ULIPs and have a complete range of insurance services such as protection plan, health & retirement solution, child plan, customised group product, ULIP plan, and   life stage product

8. PNB Metlife Insurance

The company is famous for its retirement and protection products, saving plans, child plans, monthly income plans, ULIP plans, and money-back plans 

9. Aviva Life Insurance

The company is known to first introduce unit link and unitised with‐profit plans in the market. The other plans offered are protection plans, retirement plans, child plans, health plans, term plans, saving plans, and group insurance plans.

10. Bajaj Allianz Life Insurance

They also offer a huge array of customised products that cater to every single requirement of the customer and provide a one-stop solution to the customers offering products such as ULIPs, child plans, group, and health plans

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