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.
The company is a joint venture between AEGON, Religare Enterprises Limited and Bennett, Coleman & Company limited (BCCL). AEGON holds 26% equity iread more
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
Bharti AXA Life Insurance is a joint venture between the Indian conglomerate Bharti Enterprises and the AXA Group, a multinational investment-banking read more
Birla Sun Life Insurance Company Ltd. is a joint venture between Indian conglomerate Aditya Birla Group and Sun Life Financial Inc. of Canada. It was read more
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
Headquartered in Gurgaon, DHFL Pramerica Life Insurance Company Limited (DPLI) is one of the fastest growing insurance companies in India. The companyread more
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
Exide Life Insurance Company Limited, formerly known as ING Vysya Life Insurance Company Limited is 100% owned by Exide Industries Limited. The companread more
Future Generali India Life Insurance Company Ltd. is a joint venture between the Future Group, Generali group, and Industrial Investment Trust Limitedread more
HDFC Standard Life Insurance is a joint venture between Housing Development Finance Corporation Limited (HDFC) Ltd. and Standard Life plc. HDFC Ltd. hread more
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
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
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
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
PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the foremost life insurance companies in India. It is a joint venture between MetLread more
Reliance Life Insurance Company (RLIC) is part of the Reliance Capital, which falls under the aegis of Anil Dhirubhai Ambani group (ADAG). Since its iread more
Star Union Dai-ichi Life Insurance Company Ltd. (SUD Life) is a joint venture between Bank of India, Union Bank of India and Dai-ichi Life, a renownedread more
Founded by Sir Jamsetji Tata in 1868, the Tata group has emerged as the most diversified business conglomerate in India with over 100 group companies read more