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Top Life Insurance Companies in India

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There is a popular saying which goes with the word insurance hand in hand and that is "Insurance is not for the person who passes away, it is for those who survive". 

An insured life promises you that any eventuality in your life will not hamper the life of your family and they will have same living standard as they are having in your presence. 

This is the reason why people have become aware for insurance in India. They go for both life insurance and health insurance.

Earlier Life insurance in India have been provided by LIC only but now the market has become very competitive and private players have also entered the race which ultimately benefited customers because the insurance company which provides the maximum premium and provide tax rebate is only preferred by customers. 

On the other hand Health insurance in India is a new concept which came few years back. Previously only Government employees used to get this in which they used to get reimbursement of medical expenses which they used to did. 

But now even private companies join hands with health insurance companies to cover the money invested by their employees on their and their family's illness. 

Top Life Insurance Companies in India in 2021


In the market Max health insurance, Bajaj insurance, Reliance insurance companies etc are there. Hence private companies are able to take the responsibility of their employees with the help of presence of these players in the market.

Despite the financial crisis, there is quite a good amount of insurance companies in India- after all; it is a country with a population of 1 billion people. 

Unfortunately, the great variety of companies offering insurance services is often confusing which is why a list of the companies in India is likely to help you a lot when making your choice.

And here comes the list:

LIC

LIC is unsurprisingly taking the first place as the leader of our Top 5 in India chart. It is pretty much like the choice of the ordinary Indian. According to the last statistics, 300 millions of people use the service of this company- this is roughly the whole population of the United States.

Bajaj Allianz Company

Bajaj Allianz Company is amongst the Top 5 Insurance companies in India and it does deserve the bronze medal without any doubts. And who has not heard of the Allianz insurance company? It is international and has branches almost all over the world- in all countries, it appears to be one of the most successful companies and India does not seem to make an exception.

Birla Sun Life Insurance

Birla Sun Life Insurance is the company which gets the bronze medal. It is quite popular amongst the Indians and a company with good reputation although it is mainly specialized in life insurances. The company's presence in Top 5 Insurance companies in India is definitely deserved.

AIG General Insurance

AIG General Insurance has reached the fourth place in the Top 5 insurance companies in India ranking. Anyway, this company seems to be gaining a lot of popularity and it is likely it reaches a better ranking soon.

Oriental Insurance

Oriental Insurance has grabbed the fifth place as the last of the Top 5 insurance companies in India. However, the fact that being the last of the best five is quite a good achievement should not be neglected.

Insurance companies help people to cover much of their losses by providing health and life insurance. Due to this one can save their hard earned money for future use and can save it. 

To share medical expenses now we have our Angels in the market named 'Life and health insurance companies'. But one has to be very careful while selecting insurance plan because many times there are hidden costs which a customer is not aware of. 

Hope these things will help you in choosing best insurance plan for yourself.


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