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.
  1. Tata AIA Life Insurance Company Ltd - Tata AIA Life

Tata Group has its prominent presence in seven business sectors which include- energy, service, materials, information technology, engineering, consumread more

  1. Reliance Life Insurance Company Ltd - Reliance Life

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

  1. SBI Life Insurance Company Ltd - SBI Life

SBI Life Insurance Company Limited is a joint venture between the State Bank of India and BNP Paribas Assurance. State Bank of India owns 74% and BNPread more

  1. Kotak Mahindra Old Mutual Life Insurance Company Ltd - Kotak Life Insurance

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

  1. PNB MetLife Life Insurance Company Ltd - PNB MetLife

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

  1. DHFL Pramerica Life Insurance Company Ltd - DHFL Pramerica

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

  1. IndiaFirst Life Insurance Company Ltd - India First

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

  1. Edelweiss Tokio Life Insurance Company Ltd - Edelweiss Tokio

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

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

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

  1. AEGON Religare Life Insurance Company Ltd - AEGON Religare

Aegon Religare is a joint ventre between  joint venture between Aegon, an international life insurance and pension company and Religare a global finread more

  1. Canara HSBC Oriental Bank of Commerce Life Insurance Company Ltd - Canara HSBC Life

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

  1. IDBI Federal Life Insurance Company Ltd - IDBI Federal

Established in March 2008, IDBI Federal Life Insurance Company Ltd, formally IDBI Fortis Life Insurance is a joint venture between three major compread more

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

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

  1. Bharti AXA Life Insurance Company Ltd - Bharti AXA Life

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

  1. Shriram Life Insurance Company Ltd - Shriram Life

Shriram Life Insurance Company Ltd. is a joint venture of the Shriram Group and Sanlam a South African firm holding 26 per cent stake. It is oneread more

  1. Sahara Life Insurance Company Ltd - Sahara Life

Sahara Life is the one and only life insurance Company which is wholly owned by Indians, without any foreign collaboration in the private sector. Sahread more

  1. Aviva Life Insurance Company Ltd - Aviva Life

Aviva Life Insurance Company India Pvt. Ltd is a well-known name among the several life insurance companies in India. Aviva pioneered the idea of Baread more

  1. Max Life Insurance Company Ltd - MaxLife

Max New York Life Insurance Company, established in 2000, is one of the most admired private insurance companies in India. Max Life is a joint venturread more

  1. Life Insurance Corporation of India - LIC India

Life Insurance Corporation of India (LIC) is the only public sector life insurance company in India. It was formed on 1st September 1956 with the meread more

  1. Exide Life Insurance Company Ltd - ING Vysya Life Insurance

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

  1. ICICI Prudential Life Insurance Company Ltd - ICICI Pru Life

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

  1. HDFC Standard Life Insurance Company Ltd - HDFC Life

HDFC Standard Life Insurance is a joint venture between the Indian housing finance institution, Housing Development Finance Corporation Limited or HDread more

  1. Birla Sun Life Insurance Company Ltd - Birla SunLife

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

  1. Bajaj Allianz Life Insurance Company Ltd - BajajAllianz

Bajaj Allianz is the joint venture of Bajaj Finserv -India’s financial service giant and Allianz SE- Germany’s financial services provider. Regisread more