In the present world, there could be calamity at each progression of life. It is dependent upon us to guarantee that our family remains secured dependably.

There are many different life insurance companies in India that provide best life insurance plans at very low premiums.

These best life insurance companies in India are very well known in the market.

Regardless of whether one is a procuring member of the family or not, life insurance is something everybody must have, that excessively from an established and popular life insurance organization.

At present, there are 24 life insurance representatives in India with just LIC of India being the government undertaking and other 23 are either exclusive or joint ventures between at least two privately owned businesses (national and additionally global) or between privately owned businesses and public sector undertakings.

These insurance companies offer one of the best insurance companies in India.

Top 10 Life Insurance Companies In India 2019 are as follows:

1) LIC Insurance Corporation Of India


Top 10 life insurance companies in India 2019

LIC Insurance Corporation Of India is one of the best life insurance companies in India.

LIC of India basically stands for ‘Life Insurance Corporation’.

LIC Insurance Corporation Of India is the oldest insurance company that provides a life insurance policy.

This company was basically founded in the year 1956. LIC Insurance Corporation Of India provides an offline life insurance policy. LIC Insurance Company

LIC Insurance Corporation sell many different products such as endowment plans, money back plans, term assurance plans, pension plans, children plans, group schemes, special plans, unit-linked plans, etc.

Claim settlement ratio of life insurance policy of this company is 98.31%. That is 7,42,243 claims have been paid by this life insurance company till present.

Also read: Life Insurance For Children

2) ICICI Prudential Life Insurance


Top 10 life insurance companies in India 2019

ICICI company is basically promoted by ICICI bank Prudential Corporation Holdings Limited. ICICI Prudential Life Insurance is the second best life insurance companies in India which is in the list of top life insurance companies in India 2019.

ICICI Prudential Life Insurance was established in the year 2001. From then it has been serving life insurance company.

Claim Settlement Ratio of ICICI Prudential Life Insurance is 96.68%. That is 11,546 claims have been paid by this life insurance company till present.

3) SBI Life Insurance


Top 10 life insurance companies in India 2019

SBI Life Insurance is the third top life insurance company in India in 2019. This life insurance company is classified as one of the best life insurance companies in India by IRDA( Insurance Regulatory and Development Authority of India).

SBI Life Insurance Company is basically a joint venture between India’s largest bank State Bank of India and the leading global insurance company BNP Paribas Cardif.

Full-form of SBI is ‘State Bank OF India’.

This life insurance company is one of the best life insurance company in India.

SBI Life Insurance Company has claim settlement ratio of 96.69%. That is 13,303 claims have been paid by this life insurance company till present.

4) HDFC Standard Life Insurance


Top 10 life insurance companies in India 2019

HDFC Standard Life Insurance company ranks at the fourth top life insurance company in India 2019.  

Full-form of HDFC is “Housing Development Finance Corporation”.

HDFC Life is a leading long-term life insurance solutions supplier in India, offering a scope of individual and group insurance solutions that meet different customer needs, for example, Protection, Pension, Savings, Investment, and Health.

HDFC Standard Life Insurance is a renowned joint venture between HDFC Ltd. and Standard Life Aberdeen.

Claim settlement ratio of HDFC Standard Life Insurance is 97.62%. That means 11,031 claims have been settled by this life insurance company till present.

Also read our blog on Prosper vs Life Insured

5) Max Life Insurance


Top 10 life insurance companies in India 2019

Max Life Insurance company ranks at the fifth top life insurance company in India 2019. Max Life Insurance company offers one of the best life insurance plans in India.

Max Life Insurance company offers very low premium and one of the best life securing a policy that is why it is listed in top insurance companies in India 2019.

Claim settlement ratio of Max Life Insurance Company is 97.81%. That is 8,804 claims have been settled by this life insurance company till present.

6) Bajaj Allianz Life Insurance


Top 10 life insurance companies in India 2019

Bajaj Allianz Company ranks at the sixth position in the list of top insurance companies in India 2019. This company classified as one of the best life insurance companies in India by IRDA.

Bajaj Allianz is basically a joint venture of Bajaj company and Allianz company. Whereas, Bajaj is an Indian company and Allianz is a German company.

Bajaj Allianz Life Goal Assure, a life goal-based investment plan (ULIP) offers people the chance to plan ideal experiences with zero worries.

Claim Settlement Ratio of Bajaj Allianz Life Insurance Company is 91.67%. That means about 18,978 claims have been paid by this life insurance company till present.

Also read: Bajaj Allianz Life Insurance

7) Birla Sun Life Insurance


Top 10 life insurance companies in India 2019

Birla Sun Life Insurance Company is the seventh topmost best life insurance companies in India 2019.

Birla Sun Life Insurance is basically a joint venture company between Aditya Birla Group and Sun Life Financial Inc. Sun Life Financial is a well renowned international financial services organization in Canada. Aditya Birla Sun Life Insurance was basically abbreviated as ABSLI.

Aditya Birla Company is also a renowned life insurance company.

Claim Settlement Ratio of Birla Sun Life Insurance Company is 94.69%. That is 8,055 claims have been paid by this life insurance company till present.

8) Reliance Nippon Life Insurance


Top 10 life insurance companies in India 2019

Reliance Nippon Life Insurance Company ranks at eighth position in top life insurance companies in India 2019. This life insurance company has been classified as one of the best life insurance companies in India.

Reliance Life Insurance company offers two life insurance plans-

  1. Reliance Nippon Life Digi-Term Insurance Plan
  2. Reliance Nippon Life Term Plan

Claim Settlement Ratio of this life insurance company is 95.17%. That means 15,211 claims have been paid by this life insurance company.

9) TATA AIA Life Insurance


Top 10 life insurance companies in India 2019

TATA AIA Life Insurance Company ranks at ninth position in top life insurance companies in India 2019.

Tata AIA Life Insurance Company Limited is a leading joint venture company, formed by Tata Sons Ltd. and AIA Group Ltd.

TATA AIA Life joins Tata’s pre-eminent leadership position in India and AIA’s presence as the largest, independently recorded skillet Asian life insurance group in the world crossing 18 markets in the Asia Pacific area.

Claim Settlement Ratio of this life insurance company is 98%. That means 3,659 claims have been paid by this life insurance company.

Also, read our blog on Top SBI Life Insurance Plans In India

10) PNB Metlife India Insurance


Top 10 life insurance companies in India 2019

PNB Metlife India Insurance is tenth best life insurance company in India.

PNB Metlife India Insurance is one of the best life insurance companies in India. This life insurance company is basically a joint venture between PNB and Metlife companies.

Full- form of PNB is ‘Punjab National Bank’.

PNB Metlife India Insurance company combines financial strength of Metlife and reliability and credibility of PNB.

Claim Settlement Ratio of this life insurance company is 87.14%. That is 2,290 claims have been paid till present by this life insurance company.

So life insurance policy is one of the important things in an individual’s life. These companies provide the best life insurance company and life insurance policy must be issued from these top 10 life insurance companies in India 2019.

Also read: Shriram Life Insurance Review And Benefits

Top 10 Life Insurance Companies In India 2019
Which is the best term insurance plan in India 2019?

Ans: The best term insurance plans in India are:
1) LIC e-Term Insurance Plan.
2) ICICI Pru iProtect Smart.
3) SBI Smart Shield.
4) HDFC Click on 2 Protect Plus.
5) Max Online Term Plan Plus.

Which is the best life insurance company in India?

Ans: The list of the best life insurance company in India
1) Life Insurance Corporation of India (LIC)
2) ICICI Prudential Life Insurance.
3) SBI Life Insurance.
4) HDFC Standard Life Insurance.
5) Bajaj Allianz Life Insurance.

How many life insurance companies are there in India?

Ans: 24 life insurance companies in India. LIC is public sector insurance company.

Categories: Insurance

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