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Insurance Companies 463 views September 5, 2019
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The insurance industry in India is growing at a very rapid pace. While previously we only had a handful of public sector insurance companies, today we have not one but a large number of private insurance firms. All of these companies offer highly credible insurance policies, both in the life insurance as well as general insurance domains. You can get some great insurance coverages at very competitive rates. Take a look at this article to know more about the top best private insurance companies in India in 2019 and the factors that make them stand out from the rest.
Let us begin by listing the top 10 private life insurance companies in India:-
HDFC Life is one of the largest and most successful private life insurance companies in India. You can get some of the best possible life insurance plans from this insurer. Apart from providing a wide range of covers, HDFC Life also has a very helpful customer support team. The insurer has won a number of awards and accolades in the past, making it a highly reputed life insurance company.
Next, on the list, we have ICICI Prudential Life Insurance. This is another excellent private life insurance provider that offers everything from the best term insurance plans to the endowment insurance plans to the money-back plans and so on. You will find every type of life insurance coverage when you choose ICICI Pru as your life insurance provider. They also have a very high claim settlement ratio, which makes them one of the most bankable private insurance company in India.
SBI Life Insurance Company is another very trusted name in the Indian life insurance sector. The company has been around for many years and has been offering some of the best and most affordable life insurance policies to its customers. A recipient of some of the most prestigious awards and recognitions, SBI Life is one of the largest private life insurance companies in India without any doubt.
Bajaj Allianz comes in at number 4. The company has many good life insurance products to choose from. They also offer excellent service, have a high claim record and are digitally savvy. You will, therefore, make a good decision if you make Bajaj Allianz your life insurance provider.
Kotak is one of the largest names in the Indian financial world. Its isn’t surprising therefore to see Kotak Life Insurance featured in this list. You get some of the best term insurance plans, ULIPs, retirement plans, child plans, etc from this insurance provider, that too at some great prices.
Max Life is one of the oldest private life insurance companies in India in 2019. It has been around for a long time and has been offering some of the very best life insurance covers at very affordable rates. The company also enjoys a high claim record, is very approachable and is always positive in its interaction with its clients.
At number seven, we have Birla Sun Life Insurance is jointly owned by the Aditya Birla Group and the Sun Life Insurance Company. It has some very good insurance plans on offer. The company offers some unique features and benefits on their plans, something that makes them stand out.
Tata AIA Life Insurance is known for its professional service, feature-loaded plans, and excellent digital presence. You get some of the best life insurance coverage when you opt for a type of life insurance from Tata AIA. do remember to check out the options available from this life insurance company before you make your final selection.
Next, we have PNB MetLife. This excellent life insurance company has some very good endowment life insurance policies, term insurance policies, pension plans, etc on offer. A huge advantage you get when you buy life insurance from PNB MetLife is the cheap life insurance quotes. The company offers some of the best rates so you get to stay insured in an economical manner.
To round off the list of the best private life insurance companies in India, we have Bharti AXA Life Insurance. Known to have some good insurance policies on offer, this company works with a lot of ethics and professionalism. You, therefore, end up with a very good life insurance provider when you buy a plan from Bharti AXA Life Insurance.
As you can see, these are some of the best and most reputed insurance companies offering excellent life insurance plans. You can choose a good plan from any private life insurance company and keep yourself and your loved ones protected.
Next, we come to private general insurance companies in India. From health insurance to motor insurance to home insurance to travel insurance, these insurers offer all types of general insurance policies. Here are the top 10 private general insurance companies in India:-
ICICI Lombard is among the leading private general insurance companies in India. The company offers not only the best of insurance covers, but it also has a dedicated customer support desk, a very good website, and mobile app and also other helpful services on offer. You will, therefore, gain a lot when you choose your insurance plans from ICICI Lombard.
At the second spot, we have HDFC Ergo. HDFC Ergo is one of the largest and most popular providers of general insurance in India. You get all types of insurance coverage such as health insurance plans, travel insurance plans, motor insurance plans, home insurance plans, etc. And with perhaps the highest record of insurance claims paid out, HDFC Ergo is one of the best private insurance company for general insurance indeed.
Bharti AXA General Insurance is also a very good Indian private non-life insurance company. No matter what your insurance requirements are, you will surely find the cover of your choice. With many plans to choose from and some of the best possible rates, this company would prove to be a great choice for you.
The name Tata is much reputed in India. It isn’t that surprising to see the insurance plans offered by Tata AIG to be excellent too. You get to find and buy some of the best health insurance, vehicle insurance, and travel insurance plans, among others from this highly professional and efficient general insurance provider.
A company dealing exclusively in health insurance, the Apollo Munich Health Insurance Company is much loved by its clients. Since health insurance is a major life requirement, the plans offered by this company are popular because of their helpful features and affordable price tags.
Next, we have the general insurance plans from Iffco Tokio. The company has a very good set of insurance products on offer, along with a highly ethical working principle. As a result, it manages to clear the majority of the claim requests received. This makes it a very good insurer to deal with.
SBI General Insurance has been in operation for almost a decade and has always served its customers with efficiency. You get some of the best general insurance plans from this company. And since it aims to reach out to all sections of society, SBI General always keeps the general insurance quotes low and accessible.
Bajaj Allianz is a very good general insurance company in India. Whether you need a vehicle insurance cover or you need to cover the health of all your family members, you can easily buy good policies from this insurance company. The insurer offers very good service and is always approachable through its customer support cell.
If you are looking for some good insurance covers at some very affordable rates, you can consider looking at the plans offered by Reliance General Insurance. You are assured of getting the best health insurance policies, motor vehicle insurance policies, etc.
Last but not least, we have Future Generali Insurance. This is another excellent private insurance company that offers not one but many insurance policies across domains. You get some of the best travel insurance, health insurance, car insurance, and other policies. The company is very good and enjoys a good reputation as well.
These are some of the highest-rated general insurance companies in the country. As you may have understood, these companies are good not only because they offer some excellent insurance plans, but also because they have very good services on offer.
To put it in a nutshell, the private insurance industry and companies in India is booming at the moment. There are some very good companies offering some of the very life insurance, best health insurance, car insurance, travel insurance, etc covers. Go over your own insurance requirements and see which cover suits you the best. Compare insurance quotes online and then select the ideal policy that matches all your needs.
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