Insurance Companies 302 views July 9, 2019

Life Insurance Companies in India

Life is very unpredictable. You never know what misfortune awaits you at the next corner. This is the very reason why you need to stay protected and invest in the best possible life insurance policy. Luckily for you, there are some very good life insurance companies in India who have some excellent products on sale. You can buy one or more types of life insurance plans and keep yourself and your loved ones safe. Take a look at this article to know more about the best life insurance companies in India and what they have on offer. 

Top life insurance companies of 2019

Listed below are the top life insurance companies in India for the year 2019. Take a look and decide which company you want as your life insurance provider:-

1. Life Insurance Corporation of India

When it comes to life insurance in India, there is the Life Insurance Corporation of India on one side and the rest on the other side! Yes, that actually is the scope and coverage of the LIC in this country. It is the oldest and the most trusted life insurance provider in India.  Here are the top reasons that make LIC stand out from the rest:

  1. Oldest and most reputed – As mentioned above, LIC is the oldest and undoubtedly the most reputed life insurance company in India. The company has been around for many decades and has been offering some of the best plans to the Indians. This has always made LIC a loved and well-trusted life insurance provider. 
  1. A wide range of plansLIC has almost every type of life insurance cover that you may be in need of. From a typical endowment life insurance plan to a cleverly designed term insurance policy, you will find all the types of life insurance with LIC.   
  2. High claim ratioThis is one of the most important reasons why you may consider choosing LIC as your life insurer of choice. The company settles over 99% of the claim requests it receives. This is a phenomenal record and speaks volumes about the company’s professionalism and work ethics. 

As you can see, LIC indeed has some excellent benefits on offer. So if you are looking to buy a life insurance cover, do not forget to check the options available from this particular life insurance company.


2. HDFC Life

Occupying the second spot on the list is HDFC Life. Widely regarded as India’s largest private life insurance company, HDFC Life has an impressive selection of products on offer. When you buy life insurance from HDFC Life, you get the following advantages 

  1. Good service – You get the best possible service when you choose HDFC Life. from providing ease of access to helping you find the best plans to making it digitally simple, the company is always there by your side. This is a huge advantage as you always get your insurer’s support when you buy life insurance from HDFC Life. 
  1. Brilliantly designed plansThe life insurance plans from HDFC Life have been designed with a lot of care. You, therefore, get the exact insurance coverage that you need when you buy an HDFC Life insurance policy. 
  2. Good claim recordHDFC Life pays out more than 98% of the insurance claim requests it gets. This is a very impressive record indeed! If you pay your insurance premiums on time and follow the rules, the ins claim on your life plan will seldom be rejected.

These are some of the most significant and logical reasons why you should choose a life insurance HDFC plan. 

3. ICICI Prudential Life Insurance 

In third place,  we have ICICI Prudential Life Insurance. This is another excellent private insurance company that has some of the most unique benefits on offer.  Here are a few details about the company:-

  1. Unique plans – The life insurance plans from ICICI Prudential have many unique benefits. Whether you want a term insurance policy or a pension plan, you will notice the plans have some excellent features that make them work in your favour. This is always desirable and makes the insurance company popular.
  1. Great digital presenceWe live in modern times and we expect an insurance company to be modern in its outlook too.  When you choose ICICI Prudential, you get this benefit. The company has a great digital presence which makes it a modern and efficient life insurance provider.   
  2. Helpful customer supportAs a customer of ICICI Prudential you will never feel alone when in doubt. The customer service cell is always there to help you if you have any queries related to your life insurance policy

As you can see,  ICICI Prudential indeed has many useful benefits on offer.  Check out their plans when you go shopping for your ideal life insurance policy. 

4. Bharti AXA Life Insurance

At the penultimate spot, we have Bharti AXA Life Insurance. This is another very good life insurance company.  Here are some of the benefits you get when you buy a Bharti AXA life insurance policy:-

  1. Different types of life insurance – You get quite a large variety of life insurance plans to choose from when you opt for Bharti AXA Life Insurance. You get endowment plans, term insurance plans, retirement plans, money back plans, child plans, ULIPs, etc. No matter what your requirement, you will find corresponding insurance coverage for sure. 
  2. Always happy to helpThe insurer has a very good and efficient customer support team that is always happy and eager to help you when you have doubts and queries. The customer support executives are very well trained and know their job perfectly. They are also polite and helpful, making your association with the company always pleasant.

As you can guess, these are some very handy benefits you get when you buy a life insurance policy from Bharti AXA.

5. Max Life Insurance

And last but not least, we have an excellent life insurance company – Max Life. Max Life isn’t one of India’s largest private life insurance companies, offering not one, but multiple types of life insurance plans. Here are some benefits offered by this insurance provider:

  1. Highly reputed – Max Life is one of the most popular life insurance companies in India for sure. It has received many awards and accolades over the years and continues to do so even now. This goes on to show just how good and reliable the company and its services are.
  2. Good claim payout recordAny life insurance company that has a healthy claim settlement record to boasts of can be called good and reliable. This is quite the case with Max Life. the insurer is known for settling a high majority of the total claim request it receives. Need we say more?

These are the key benefits you get when you choose Max Life life insurance as a provider. So do consider checking out the various life insurance plans on offer from Max Life before  you make your final purchase,

Summary:

As you can clearly see from the points mentioned above, there are some very good life insurance companies in India these days. All of them have their own set of benefits on offer. They also have some excellent life insurance covers. Choose good insurers and stay protected in a good and wholesome manner.

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