Updated List 2022; Latest Top 15 Life Insurance Companies in India
Updated List 2022; Latest Top 15 Life Insurance Companies in India .Life is uncertain and unpredictable. One can only have a proactive measure in place to deal with unpleasant situations. Hence, the concept of ‘insurance’ was introduced with a motive to mitigate the risk and to provide protection.
Insurance is the primary way of managing life risk. There are various types of insurance policies available today to protect your loved ones and the things you love.
Updated List 2022; Latest Top 15 Life Insurance Companies in India . In a life insurance policy, Insurance indemnifies to pay the insured person’s family a certain sum of money in the event of the insured’s demise. When it comes to choosing the right insurance plan, you are spoilt with choices as there are various insurance players in the market offering plenty of unique plans.
Updated List 2022; Latest Top 15 Life Insurance Companies in India
Updated List 2022; Latest Top 15 Life Insurance Companies in India . In India, there are 24 life insurance companies operating which have been approved and recognized by IRDAI (Insurance Regulatory and Development Authority in India), which is a regulatory body for insurance and reinsurance industries.To shortlist the best term insurance plan as per your requirements, we recommend that you click on the button below, fill in a few insurance-related fields and let our system suggest a suitable insurance policy as per your requirements.
Following is the list of best Life Insurance Companies in India
|
Sl. No. |
Company Name |
Claim Settlement Ratio (2017-18) |
Claim Settlement Ratio (2018-19) |
Premium (in INR) |
|
1. |
Life Insurance Corporation of India |
94.45% |
97.79% |
17,228 |
|
2. |
Max Life Insurance Company |
95.26% |
98.74% |
10,148 |
|
3. |
HDFC Life Insurance Company |
88.63% |
99.04% |
12,478 |
|
4. |
ICICI Prudential Life Insurance |
92.03% |
98.58% |
12,502 |
|
5. |
Tata AIA Life Insurance Company |
94.00% |
99.07% |
9,912 |
|
6. |
Bharti AXA Life Insurance Company |
96.29% |
97.28% |
9,440 |
|
7. |
Bajaj Allianz Life Insurance Company |
83.94% |
95.01% |
14,067 |
|
8. |
SBI Life Insurance Company |
92.13% |
95.03% |
15,070 |
|
9. |
Reliance Nippon Life Insurance Company |
86.11% |
97.71% |
11,012 |
|
10. |
AEGON Life Insurance Company |
94.58% |
96.45% |
8,331 |
|
11. |
Aviva Life Insurance Company |
92.25% |
96.06% |
9,007 |
|
12. |
Aditya Birla Sun Life Insurance Company |
90.51% |
97.15% |
10,270 |
|
13. |
Kotak Life Insurance Company |
88.88% |
97.4% |
9.558 |
|
14. |
PNB MetLife Insurance Company |
82.40% |
96.21% |
10,146 |
|
15. |
Canara HSBC OBC Life Insurance Company |
92.03% |
94.04% |
9,491 |
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