Life insurance is undeniably mandatory for all those who care for their families. Every reliable insurance company is meant to ensure the financial security of your family after your expiry because of any unfortunate event that may take place at any point of time. Life is uncertain and unpredictable and we have no idea what is going to happen tomorrow. This is why life insurance can be considered as an appropriate way to make sure that your family doesn’t suffer much during that disastrous point of life when you can no longer be a support for them.
As per the insurance policies, your chosen nominee will receive a money amount or any other included benefit after you expire and cope up with the hard times. These days, Every person who has a family keeps a certain amount of money aside from their monthly income for life insurance premiums. However, it is also necessary to choose a life insurance company carefully to make sure your family gets maximum benefits. In this article, we will talk about some of the top life insurance companies of India.
Top 10 life insurance companies in India
- Max Life Insurance Company: This insurance company was established in the year 2000 and has already ensured the financial stability of hundreds of subscribers. It offers a wide range of plans such as saving plans, child plans, retirement fund, protection plan etc.
- Bharti Axa Life Insurance Company: This company is a collaboration between an Indian company named Bharati enterprises and the AXA Group, who have their headquarter in Paris. This insurance company has also been known for offering a diverse range of insurance policies such as savings plans, children’s education plans etc.
- Bajaj Allianz Life Insurance Company: Bajaj is one of the most well known brands of India. However, this company is a collaboration between Bajaj Finserv Limited and an European company named Allianz SE. They provide cost-effective life insurance solutions and they also offer a diverse range of insurance plans.
- HDFC Life Insurance Company: This insurance company started operating in the year 2000 and they offer different types of insurance plans like women’s plans, child plans, protection plans, health plans etc. Knowingly, this company is headquartered in Mumbai, Maharashtra.
- Pramerica life insurance company: This company started in the year and currently they have 138 offices all over the country. They offer flexible insurance plans for both individuals and groups. This company is known for having a customer base of 15 lakhs.
- Kotak Mahindra Life Insurance company: This company is actually a collaboration between Kotak Mahindra Bank Limited and Old Mutual Limited. Kotak Mahindra has always ensured beneficial returns of the investments of their subscribers.
- Exide Life Insurance company: This private life insurance company is known for offering saving solutions, long-term protection and other beneficial insurance plans. They are reliable enough and they are also known for having a customer base of 15 lakhs.
- Reliance Nippon Life Insurance Company: This life insurance company started operating in the year 2001 and has always been known as one of the most reliable life insurance companies. This company is mainly a collaboration of Reliance Capital and Nippon Life. They offer a wide range of insurance plans like health plans, child plans, protection plans etc.
- LIC life insurance company: This company is owned by the Indian Government and this is why it seems to be a very reliable option for so many. This is the oldest life insurance company of the country and this company also offers a diverse range of beneficial life insurance plans.
- Aegon Life Insurance Company: This insurance company was established in the year 2008 and they are also known for offering a wide range of insurance plans, child plans, protection plans, savings plans as well as retirement funds.
If you have a family and you are still not involved in any life insurance plan then you must start planning for an insurance plan as soon as possible. You may get in touch with any of the above mentioned companies to have a better understanding of modern insurance plans.
