Top 5 Best life insurance companies in India – Best Indian Insurance companies life cover 2018

Top 5 Best life insurance companies in india

List of Top 5 Best life insurance companies in India on the basis of trust and reputation.

Nowadays Life insurance company has been providing a vast advertisement promises. It has been initiating people by granting various sorts of supplements like  health, children, retirement, and other such plans. Life Insurance is classified into two components  temporary and permanent. Below lists various types of insurance agencies:

1. LIC India

LIC India

It is one of the largest insurance company and is a large investor and apart from this it is India’s largest insurance corporation. LIC is completely held by Government. It was emerged in 1956. It’s headquarters is in Mumbai.  It consists of 2048 branches and 101 divisional offices at different parts of India employing 1 million agents.

2. Bajaj allianz insurance co. ltd

Bajaj Allianz

It is one of the leading insurance company and is spread over 70 countries. It’s branches are around 1200 across country. It is linked  with traditional, child, pension policy. it’s head office is in Pune. The paid up capital is about Rs 110 crores.It has made a profit of Rs 180 crores and is a private insurer. With inclusion of tax it has increased it’s profit from Rs 121 crores.

3. ICICI Prudential Life Insurance

ICICI Prudential

It is a joint anticipation to ICICI bank , a financial service bank. It is one of the first private sector insurance company began in 2000 series.  It  provides basic term plans like i-Protect online term plan, ICICI Pru Pure-Protect and ICICI Pru LifeGuard, and ULIP wealth plans like ICICI Pru LifeStage Wealth II, ICICI Pru LifeLink Wealth SP, ICICI Pru Pinnacle Super etc. It is further categorized to children’s plans, retirement plans, health plans.

4. SBI life insurance

SBI life insurance

SBI is a joint venture between SBI and BNP paribas widely growing since 2000. It owes Rs 2000 crores of authorized capital and paid up capital of Rs 1000 crores. The latest products of SBI life insurance are SBI smart performer and Unit plus super. Besides these it provides products like protection products, pension products, term insurance.

5. Reliance life insurance

Reliance life insurance

It is one of the leading financial company ranked among top 3 financial sector banks. The equity share capital is about 26%. It is one of the largest revenue insurer  having revenue of rs 12,199 crore. It has ranked over 500 firms in 2011. The insurance company consists of 4 different category plan—Young & Single, Just Married, Proud Parents and Pre-retirement.


  1. The best insurance company is not a worry. The focus should be on after sales services. And claim settlement. And with the intrduction of new rules by IRDA I think ING Vaysya is going to do very well in India. They are a very cost effective and low cost operated insurance company. With a very good track record internationally they are going to be a very strong player in India.

  2. Hi everyone,anybody on the look out for help buying new lic policy, change of address,find surrender value,taking loan on their policy.

  3. SBI Life Insurance is from the most prestigious group State Bank of India Group. It is a best Insurance Company in Private Sector . You may confidently invest your hard money in this company.

  4. y every one says lic is a good and best company,comparitively lic is going down for tha comparision of private sector.. if the agents and staffs are very good the insurance company also very good thank u..

  5. LIC is definitely strong and good . Among the private players The few ethically operating companies are Met Life , Birla Sunlife and Tata AIG . Not denying the fact that there are unscrupulous agents and sales managers even in these . But over all they are better than the rest . The others are outright unethical and with the blessings from their top management . Anything is ok for business and the sales team is rewarded only for the business brought in . No matter how it is procured .

  6. before going to comment,we must know about that,the histry of a company tells us evrything about it,so insurance is insurance wheather private or government,

  7. I am 55. I want a term insurance for 6 years for a sum of 12.5 lakhs. I had undergone angioplasty during 2008. Am i ACCEPTED. At present my health condition is absolutely fine and I dont smoke. I need the policy urgently as My Employer requires me take a policy for the amount shown above if I have to borrow home loan from them. Can any body advice if any company is not fussy with my situation.



  8. we cant tell these are the best insurance companies in india. but your list is almost correct. thanks for the great info

  9. Pay attention to my use of the discussion should because admit
    nearly infections and injuries. The unharmed concept seems something identical a good deal
    in the mineral vein go for for term life insurance insurance all from the
    public convenience of their domicile or federal agency without the
    heights-pressure sales monger of an insurance agent.
    Yet, although the term life insurance insurance is
    not able of offering a epilepsy, sopor apnea, HIV/AIDS, Hepatitis and renal system,
    liver harmonium along with the respiratory Scheme illness.

Leave a Reply

Your email address will not be published.