Life Insurance Companies in India
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:
- 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.
Tata Group has its prominent presence in seven business sectors which include- energy, service, materials, information technology, engineering, consumread more
Reliance Life Insurance Company Ltd. is a wholly owned Indian company and an associate of Reliance Capital Ltd., a part of Reliance - Anil Dhirubhai read more
Kotak Life Insurance Company is amongst one of the competitive private life insurance companies in India. It is a joint venture company between Koread more
PNB Metlife is one of the leading insurance companies in India. It is the joint venture of MetLife International Holdings Inc. (MHI), Jammu & Kashread more
DHFL Pramerica Life Insurance Company Limited endeavors to offer best insurance with financial security to its customers. It is a joint venture of DHread more
IndiaFirst Life Insurance, a joint venture of Bank of Baroda, Andhra Bank and Legal & General of UK . Its headquarters is located in Mumbai. Bank read more
Edelweiss Tokio Life Insurance Company is a 74%: 24% joint venture between Edelweiss, one of the leading financial services company in India and Tokread more
Star Union Dai-ichi Life Insurance Company is a Joint Venture by Bank of India and Union Bank of India and Dai-ichi Mutual Life Insurance Companyread more
Aegon Religare is a joint ventre between joint venture between Aegon, an international life insurance and pension company and Religare a global finread more
Canara HSBC Oriental Bank of Commerce Life Insurance Company (Canara HSBC) is backed by two of India's largest nationalized banks, Canara Bank and thread more
Established in March 2008, IDBI Federal Life Insurance Company Ltd, formally IDBI Fortis Life Insurance is a joint venture between three major compread more
Future Generali India Life Insurance Company Ltd. is a joint venture between the Future Group of industries, an Indian Company and Generali group, anread more
Bharti AXA Life Insurance is a joint venture alliance between Bharti, one of India's leading groups with interests in telecom, agriculture business aread more
ING Life Insurance Company is the joint venture between ING Insurance International B.V. and Exide Industries. ING is based out of Bangalore and hread more
ICICI Prudential is one of the leading life insurance companies in India. ICICI Prudential Life Insurance Company is a joint venture company formed read more
HDFC Standard Life Insurance is a joint venture between the Indian housing finance institution, Housing Development Finance Corporation Limited or HDread more
Birla Sun Life Insurance Company Ltd. is a joint venture company between Aditya Birla Group and Sun Life Financial Inc. of Canada. It was establishedread more
Bajaj Allianz is the joint venture of Bajaj Finserv -India’s financial service giant and Allianz SE- Germany’s financial services provider. Regisread more