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. AEGON Religare Life Insurance Company Ltd - AEGON Religare

The company is a joint venture between AEGON, Religare Enterprises Limited and Bennett, Coleman & Company limited (BCCL). AEGON holds 26% equity iread more

  1. Aviva Life Insurance Company Ltd - Aviva Life

Aviva Life Insurance Company India Pvt. Ltd it is a joint venture between Dabur Group, India’s leading producer of health care products and Aviva Plread more

  1. Bajaj Allianz Life Insurance Company Ltd - BajajAllianz

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 Company Ltd - Bharti AXA Life

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 Company Ltd - Birla SunLife

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

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

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 Company Ltd - Edelweiss Tokio

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 Company Ltd - ING Vysya 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 Company Ltd. is a joint venture between the Future Group, Generali group, and Industrial Investment Trust Limitedread more

  1. HDFC Standard Life Insurance Company Ltd - HDFC Life

HDFC Standard Life Insurance is a joint venture between Housing Development Finance Corporation Limited (HDFC) Ltd. and Standard Life plc. HDFC Ltd. hread more

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

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 Company Ltd - IDBI Federal

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 Mahindra Old Mutual Life Insurance Company Ltd - 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 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 Life Insurance Company Ltd - MaxLife

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 Life Insurance Company Ltd - PNB MetLife

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

  1. Reliance Life Insurance Company Ltd - Reliance Life

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

  1. Sahara Life Insurance Company Ltd - Sahara Life

Sahara Life Insurance Company Ltd is the first wholly Indian-owned life insurance company in the private sector, launched with an initial paid up capiread more

  1. SBI Life Insurance Company Ltd - SBI Life

As part of the strategy to increase its product portfolio and increase customer base, India’s largest banking enterprise, State Bank of India, forayread more

  1. Shriram Life Insurance Company Ltd - Shriram Life

Shriram Life Insurance Company Ltd. is a joint venture of the Indian financial services firm the Shriram Group and the Sanlam Group, one of the largesread more

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

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

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

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