There are present, a sum of 24 disaster protection organizations in India. Of these, Life Insurance Corporation of India (LIC) is the main open segment insurance agency. All others are private insurance agencies. A significant number of these are joint endeavours between open/private area banks and national/global protection money related organizations.
Private life insurance organizations in India gain admittance to the extra security division in the year 2000. Most private players have tied up with global protection mammoths for their disaster protection raid.
Aviva Life Insurance is the largest and most popular insurance provider in the world. The company is a joint venture between the Dabur Group and Aviva Group. With 121 networked centres across the country, Aviva Life Insurance serves a large number of customer base country wise. Among the other insurance companies in India, the company is known to first introduce Unit Link and Unitized With-Profit Plan in the market. The Aviva Life Insurance Company offers a wide variety of plans to the customers. These plans fulfil all the needs and necessities of the buyers at a very economical price. Some of the most common plan offered by the company are protection plan, ruler plan, child plan, retirement plan, saving plan, health plan, term plan and group insurance plan.
With a 2.5 million customer base, the Birla Sun Life Insurance is one of the leading insurance company in India. Birla Sun Life Insurance came into existence with the joint venture between Aditya Birla Group and Sun Life Financial Inc. The company is known as a pioneer of Unit Linked Life Insurance plans and has over 600 branches spread over 500 cities across the country. A complete range of insurance services is offered by Birla Sun Life Insurance like protection plan, child plan, health and retirement solution, ULIP plan, customized group product and life stage product to provide complete satisfaction to the customers. With a claim settlement ratio of 88.45 % the company offers the best plans for the customers.
Canara HSBC OBC Life Insurance Company
Propelled on the year 2008 Canara HSBC OBC Life Insurance is a joint endeavour between HSBC Insurance Holding Ltd, Canara Bank and Oriental Bank. The organization fills in as a dish India coordinate with around 7000 parts of the three investor banks the nation over. In addition, the organization gives important preparing and training to the bank staff over the 28 focuses in the nation. With an enormous client base, the organization gives most tweaked items to address the issues of the purchasers. The strategies offered by the organization has a most extreme residency of 40 years and the qualification criteria range from least 18 years – greatest 70 years.
Found in the year 2000 the Exide Life Insurance Company started its operation in 2001. The company was formerly known as ING Vysya Life Insurance Company Ltd. and is 100% owned by Exide Industries Ltd. Exide Life Insurance has a network of 200 offices across the country and is supported by over 35,000 advisors. The company is ranked as top 10 Trusted Life Insurance Brand in India. As compared to the other insurance companies in India the plan offered by the company is customized in a way to fulfil the requirements of the customer and is available at very affordable rates. With a customer-centric approach, the plans are categorized into protection, saving, investment and retirement plan. For all your insurance needs the Exide Life Insurance offers a one-stop solution to the customers.
Headquartered in Mumbai the J.V between Kotak Mahindra Group and Old Mutual Fund is Kotak Mahindra Life Insurance. It is one of the fastest growing insurance company in India that has a 4 million trusted policyholder nationwide. Keeping their customers in high priority the company provides a much affordable range of term plan, ULIP plan, child plan, saving plan, investment plan, protection plan and retirement plan. The company has much gained the name in the market for delivering outstanding value to its customer through customized products and excellent service. The Kotak Mahindra Life Insurance provide plans with a maximum tenure of 30 years and eligibility criteria with minimum 18 years to maximum 65 years
Introduced in the year 2001, SBI Life Insurance Company is a Joint venture between State Bank of India and BNP Paribas Cardif. Holding a share of 6.12% of the total market currently, the company is the biggest private sector insurance company in India. SBI Life Insurance Company offers an inclusive range of life insurance and pension products at a very economical rate. With a claim settlement ratio of 95.70%, the customers have testified the most number of grievances resolved by this company. As one of the topmost insurance company in India it offers variant plans like saving the plan, unit link plan, protection plan, child plan and pension plan to cater to the need of individuals.
Edelweiss Tokio Life Insurance established in 2011 is a newly formed private sector insurance provider in India. Edelweiss Group of India and Tokyo Marine Holding of Japan joined hand together and has formed Edelweiss Tokio Life Insurance Company. The company offers a host of life insurance products to the customer with high returns and guaranteed interest payment. Some of the most common plans offered by the company are saving plans, endowment plans, child plans, protection plans and retirement plans. Above this to fulfil the requirements of the customer the company also provide add-on coverages like accidental death benefit rider, accidental total and permanent disability rider and critical illness rider