Insurance in the recent days has started growing as it has been the best way to protect the future of the family or to help the family in the difficult times. But not only the people who are looking to have insurance have grown, but also the number of companies giving life insurance, car insurance, health insurance, and all other such insurances has grown. Life Insurance actually helps your family to live their life further by getting a lump sum amount to live their life further in the case of the person’s demise.
Out of all why one should choose one from the top insurance company only? It is in order to make the overall process much easier and faster for the people who are claiming the insurance. If you are looking the best company to get your life insurance then there are a total of 24 life insurance companies who are registered by IRDAI out of which we are going to talk about the best 12 life insurance companies who will be helping you or your family in the time of need.
1. Canara HSBC Oriental Bank of Commerce Life Insurance Co. LTD
India has a large number of public banks, and when it comes to the top of the banks HDFC, HSBC, Canara, Oriental, and other such banks have been on the top lists. With the joint venture of HSBC, Canara, and Oriental bank this Life Insurance Company was laid back in June 2008, most of the people who are having an account in any of the bank accounts get a majority of benefits and hence most of them like to use this insurance company to get themselves insured. The company has served over 60 million customers all over India, do have a look at their service if you are interested in getting a Life Insurance from a trusted brand.
2. AEGON Life Insurance Co. Ltd
They laid their stones back in July 2018 and now are having more than 10 years of experience. They have an aim to assist the people to plan their future in a much more stable way. This company is a joint venture between AEGON which have been the best international life insurance provider and Bennett Coleman & Company which have been India’s largest media conglomerate. AEGON Life insurance Co. Ltd has been serving over 4.5 lakhs customer all over India, and a much larger number all over the world. They have their headquarters in Mumbai, Maharashtra.
3. Kotak Mahindra Old Mutual Life Insurance Ltd.
Kotak Mahindra Bank Ltd, and Old Mutual which is their own partner for international long-term saving investment protection group, they have the best in class wide range of life insurance policies on offer and they have been dealing with the wide range of policies and life insurances between the people. Being it the best for the security of the family they have it for the hard times. With the firm offering the best in class life insurance protection schemes, and the fastest claim process in the market, it is most preferred to hand over the money to them for protection.
4. Bajaj Allianz Life insurance Company Limited
They have been one of the most trusted life insurance company in India. Bajaj Allianz Life Insurance Company is a joint venture between Bajaj Finserv Limited and Allianz SE. Bajaj has been a financial company and has got the best of the reputation in its industry, and the same goes with Allianz as they have been the best of the life insurance company worldwide. With their integrity, professionalism, and vision they have got the Indian Citizen to trust them for the rest of their life so that their family members can live a better life after their demise also. This just works as a support system for the main person to live their life in a better way without any tension.
5. DHFL Pramerica Life Insurance
If you have heard about Dewan Housing Finance Corporation Ltd or Prudential Intentional Insurance Holdings Ltd, then for sure you must have also heard about DHFL Pramerica Life Insurance Company as it is a joint venture between the two. The company has laid its grounds in Gurgaon India. It has been claimed to be the fastest growing Life Insurance Company in India. Although they have the largest customer base, at times the company tends to slow down the claim process as they also have the toughest of the claim process from other companies, but it is the most reliable one too.
6. IndiaFirst Life Insurance Co. Ltd
The largest Life insurance company which got its stone laid by Pranab Mukherjee the president of India. They have their headquarters in Mumbai. The company got established after the joint venture between Bank of Baroda, Andhra Bank, and UK’s investment brand Legal & General group. As it is the largest venture between the government banks, and being officially from the Government from India they have over 8000 plus branches pan India. This makes the company the best in class for the services they offer.
7. Bharti AXA Life
Established back in 2006 Bharti AXA has been serving the people for over 12 years. They have been aiming to provide the customers with a different and innovative product that will go with the needs of the people who are looking for insurance and wealth management. This company is again a joint venture between Bharti Enterprises which is the leading business group of India, and the AXA Group who have their headquarters in Paris. This venture will help the customers to get motivated to live their lives in a much better way. Their motive has been to provide focus to the customers to get the future of their kids and other dependents better and secured.
8. PNB MetLife India Insurance Co. Ltd
Another best in class Insurance Company made in the venture with Punjab National Bank Limited, Jammu and Kashmir Bank Limited, M. Pallonji and Company Private Limited, and other private Investors. As it is mostly a private company they offer the best in the class rate of interests and the best in class services to its people. They have their headquarters laid in Bengaluru and corporate office in Gurgaon. The company is quite old it was established back in 2001.
9. Reliance Life Insurance Co. Ltd
This company is a part of Reliance Capital and as we know they have quite a lot of diversified business in all different kinds of insurance, asset management, mutual funds and other services. The company has tailored its plan for the wide verity of customers and their requirements. They even have a great number of customers trusting them with their money and their family’s future.
10. Max Life Insurance Co. Ltd
Another popular insurance company is known to many citizens of India. It is a joint venture between Max India Ltd and Mitsui Sumitomo Insurance Co. Ltd. They have been providing various forms of insurance products and all other needs of the customers, all of which is offered at an affordable price. Company from the day one have been aiming to become the most esteemed life insurance company of India.
11. Exide Life Insurance Co. LTD
They begin their operations in India back in 2001 – 2002, since then they have been getting more and more customers and increasing their database. They have their headquarters laid in Bengaluru. It is the most established and the profitable Life Insurance Company when compared to the other companies in the market. If you are guessing the firm to be owned by Exide Industries Ltd then you are right as they are the same. They have been selling their insurance policies through the direct medium and different agencies too such as Bancassurance, Corporate Agency & Broking, etc.
12. HDFC Standard Life Insurance Co. Ltd
HDFC Life was established back in 2000 and now have become the best leading life insurance company in India. With over 18 years of an excellent company, they have been ensuring the life of the citizens of India with pride. The company has been a joint venture between HDFC Ltd. and Standard Life Company, they have been offering customized life insurance product as per the customer’s requirement. With over 40 million trusted customers they have one of the largest customer bases in India, and also promise the customer to offer the claim within 7 days of demise.
These are the best in class Life Insurance companies aiming to get the best in class in their business. If you are planning to get a life insurance then these are the top 12 companies listed and you must trust them for your money and your family’s future.