Life Insurance Companies in India
What is Life Insurance?
Life Insurance is a contract where insurers have to pay a designated beneficiary amount of money upon the death of the insured person. The policy holder has to pay a premium regularly or as a lump-sum amount. Depending on the contract, various sorts of expenses such as terminal illness or critical illness or funeral expenses are covered in the premium. There are various types of insurance policies in the market, mentioned below are the few amongst them:
List of policies from various Life Insurance Companies
Term insurance policy –This policy protects the person insured for a specific period of time.
Whole life policy -The policy covers a policyholder against death, throughout his life term. Premiums paid under the whole life policies are tax exempt.
Endowment Policy –This is the policy in which the beneficiary gets the sum assured in case of death or if insurer survives then also premiums are paid back with other investment returns and benefits.
Universal life coverage - It is a new insurance product that has permanent insurance coverage as well as wealth creation options.
Money Back Policy -This insurance policy gives periodic payments during the term of policy.
Retirement and Pension -The policy provides protection against financial risks and money in the form of pension at regular intervals.
Life insurance Companies
Headquartered in Gurgaon, DHFL Pramerica Life Insurance Company Limited (DPLI) is one of the fastest growing insurance companies in India. The companyread more
Future Generali India Life Insurance Future Generali India Life Insurance Company Ltd. is a joint venture between the Future Group, Generali group, aread more
Headquartered in Mumbai, IndiaFirst is one of India's youngest life insurance companies promoted by two large public sector banks - Bank of Baroda andread more
Life Insurance Corporation of India (LIC) is the only public sector life insurance company in India. It was founded in 1956 with the merger of more thread more
Star Union Dai-ichi Life Insurance Co. Ltd. (SUD Life) is a joint venture (JV) of India’s two leading public sector banks - Bank of India, Union Baread more