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Home / Personal Finance / List of Life Insurance Companies in India

List of Life Insurance Companies in India

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Before expenditure one should save money. This is the concept at which India is working from ancient time and it is being followed by most of the individual. In the same series, people invest in various insurance companies in order to safeguard their lives.

Majorly, the insurance is of four types and those are life insurance, health insurance, disability insurance and auto insurance. The policies are made in order to reduce the risk factor of life or their vehicles. Whenever we purchase any new motor vehicle, insurance is must otherwise challan will be deducted by the traffic policy. Government has imposed the policies to secure the human’s life from unwanted risks. If in case any accident occurs then insurance companies will take the complete the responsibility by giving the sum assured money.

SEE ALSO:: Types of Insurance in India

For the ease of users, we are mentioning the list of life Insurance companies in India. These companies are authorized by IRDA that is Insurance Regulatory and Development Authority. We are also mentioning the claim settlement ratio of the various insurance companies and based on the comfort zone one can plan their investments.

Life Insurance Companies in India

Life Insurance Companies
Claim Settlement Ratio
Founded
Logo
Aegon Life Insurance 95.67% 2008 Aegon Life Insurance - Insurance Companies in India
Aviva Life Insurance 94.45% 2002 Aviva Life Insurance - Insurance Companies in India
Bajaj Allianz Life Insurance 92.04% 2001 Bajaj Allianz Life Insurance - Insurance Companies in India
Bharti AXA Life Insurance 96.85% 2008 Bharti AXA Life Insurance - Insurance Companies in India
Birla Sun Life Insurance 94.69% 2000 Birla Sun Life Insurance - Insurance Companies in India
Canara HSBC OBC Life Insurance 95.22% 2008 Canara HSBC OBC Life Insurance - Insurance Companies in India
DHFL Pramerica Life Insurance 96.62% 2008 DHFL Pramerica Life Insurance - Insurance Companies in India
Edelweiss Tokio Life Insurance 95.24% 2011 Edelweiss Tokio Life Insurance - Insurance Companies in India
Exide Life Insurance 96.81% 2001 Exide Life Insurance - Insurance Companies in India
Future Generali India Life Insurance 93.11% 2007 Future Generali India Life Insurance - Insurance Companies in India
HDFC Standard Life Insurance 97.80% 2000 HDFC Standard Life Insurance - Insurance Companies in India
ICICI Prudential Life Insurance 97.88% 2000 ICICI Prudential Life Insurance - Insurance Companies in India
IDBI Federal Life Insurance 91.99% 2008 IDBI Federal Life Insurance - Insurance Companies in India
IndiaFirst Life Insurance Company Ltd – India First 89.83% 2009 IndiaFirst Life Insurance Company Ltd - India First - Insurance Companies in India
Kotak Life Insurance 93.72% 2001 Kotak Life Insurance - Insurance Companies in India
Life Insurance Corporation of India 98.04% 1956 Life Insurance Corporation of India - Insurance Companies in India
Max Newyork Life Insurance 98.26% 2000 Max Newyork Life Insurance - Insurance Companies in India
PNB MetLife Insurance 91.12% 2001 PNB MetLife Insurance - Insurance Companies in India
Reliance Life Insurance 95.17% 2001 Reliance Life Insurance - Insurance Companies in India
Sahara Life Insurance 82.74% 2004 Sahara Life Insurance - Insurance Companies in India
SBI Life Insurance 96.76% 2001 SBI Life Insurance - Insurance Companies in India
Shriram Life Insurance 80.23% 2005 Shriram Life Insurance - Insurance Companies in India
Star Union Dai-ichi Life Insurance 92.26% 2008 Star Union Dai-ichi Life Insurance - Insurance Companies in India
Tata AIA Life Insurance 98% 2001 Tata AIA Life Insurance - Insurance Companies in India

Above mentioned is the list of the leading insurance corporate in the industry. Hence you can check out the claim settlement ratio of each of the organization and choose to opt your plan by consulting with them in personal.

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