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

  1. AEGON Life Insurance

Aegon Life Insurance Company is a joint venture between Aegon, Religare and Bennett, Coleman and Company. Aegon Life launched its operations in India read more

  1. Aviva Life Insurance

Aviva Life Insurance Company is formed between Dabur Invest Corp and Aviva Group. Dabur Invest Corp is one of India’s oldest and most respected busiread more

  1. Bajaj Allianz Life Insurance

Bajaj Allianz is the joint venture of Bajaj Finserv and Allianz SE of Germany. Registered in 2001, Bajaj Allianz Life Insurance Company has become oneread more

  1. Bharti AXA Life Insurance

Bharti AXA Life Insurance is a joint venture between the Indian conglomerate Bharti Enterprises and the AXA Group, a multinational investment-banking read more

  1. Birla Sun Life Insurance

Birla Sun Life Insurance Company Limited (BSLI) is a joint venture between the Aditya Birla Group and Sun Life Financial Inc., one of the leading interead more

  1. Canara HSBC OBC Life Insurance

The Company is a Joint Venture between Canara Bank, HSBC Insurance (Asia Pacific) Holding Ltd and Oriental Bank of Commerce (OBC). In this venture, Caread more

  1. DHFL Pramerica Life Insurance Company Ltd - DHFL Pramerica

Headquartered in Gurgaon, DHFL Pramerica Life Insurance Company Limited (DPLI) is one of the fastest growing insurance companies in India. The companyread more

  1. Edelweiss Tokio Life Insurance

Established in 2011, Edelweiss Tokio Life Insurance Company Ltd is a new age life insurance player in India. It is a joint venture between Edelweiss, read more

  1. Exide Life Insurance

Exide Life Insurance Company Limited, formerly known as ING Vysya Life Insurance Company Limited is 100% owned by Exide Industries Limited. The companread more

  1. Future Generali India Life Insurance Company Ltd - Future Generali

Future Generali India Life Insurance Future Generali India Life Insurance Company Ltd. is a joint venture between the Future Group, Generali group, aread more

  1. HDFC Standard Life Insurance

HDFC Standard Life Insurance Company is a private company providing long term insurance services to the customers. This company was founded in the yearead more

  1. ICICI Prudential Life Insurance

ICICI Prudential Life Insurance Company is a joint venture between the ICICI Bank, one of India's largest and most successful private financial servicread more

  1. IDBI Federal Life Insurance

IDBI Federal Life Insurance is one of India’s growing life insurance companies and offers a wide range of protection, retirement, and capital manageread more

  1. IndiaFirst Life Insurance Company Ltd - India First

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

  1. Kotak Life Insurance

Kotak Mahindra Old Mutual Life Insurance Ltd is amongst one of the leading life insurance companies in India. It is a joint venture between Kotak Mahiread more

  1. Life Insurance Corporation of India - LIC of India

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

  1. Max Newyork Life Insurance

Max Life Insurance Company, established in 2000, is one of the most admired private insurance companies in India. Max Life Insurance Company Ltd is a read more

  1. PNB MetLife Insurance

PNB MetLife Health Insurance Company PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the foremost life insurance companies in Indread more

  1. Reliance Life Insurance

Reliance Life Insurance Company Ltd Reliance Life Insurance is an integral part of Reliance Capital. Reliance capital is one of the leading financialread more

  1. Sahara Life Insurance Company Ltd - Sahara Life

Sahara India Pariwar entered the Life Insurance industry in the year 2004 as India’s first wholly Owned Private Life Insurance Company with copious read more

  1. SBI Life Insurance Company Ltd - SBI Life

Founded in the year 2001, as a joint venture between State Bank of India & BNP Paribas Cardif , two highly distinguished service provider in finanread more

  1. Shriram Life Insurance

Shriram Life Insurance being one of the key insurance provider in rural market, made a distinctive achievement of achievement profit within 3 years ofread more

  1. Star Union Dai-ichi Life Insurance Company Ltd - Star Union Dai-ichi

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

  1. Tata AIA Life Insurance

Tata AIA Life Insurance Company (Tata AIA Life) is a joint venture company formed by Tata Sons and the AIA Group (AIA). Tata AIA Life band together Taread more