Top 10 Life Insurance Companies in India in 2022

    Life Insurance is one of the most important things in our life. People work hard and plan their upcoming life, but it is true that Life is full of uncertainties and unpredictable. As the time we are passing there is no guarantee of the life of people, anytime, anything can happen to us, but we should prepare ourselves like suddenly we need a huge of money at a time for health perspectives, then LIC or Life Insurance is one o0f the great choice for us. There are also many LIC companies in India.

    Here is a list of the Top 10 Life Insurance companies in India:

    10. IndiaFirst Life Insurance Company Ltd

    This LIC company offers a broad range of plans just as saving plans, protection plans, pension plans, team plans, child plans, and also many others.

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    9. Tata AIA Life Insurance

    This LIC company claims the settlement reaction of the company is 99.07% with 12,626 successful claims paid. It was started in the year 2001.  It follows an entirely customer-centric approach and also offers various Life insurance policies.

    8. HDFC Life Insurance

    It is the popular LIC bank service. This company gives guarantees of the settlement of claims on a single day and also takes into regard many terms and conditions.

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    7. Exide Life Insurance

    This company basically adopts a customer-centric approach that also at present serves over 15 lakh customers across India. This company has a total of 15 lakh customers nationwide.

    6. ICIC Prudential

    It is also one of the popular Life Insurance companies. This company come into existence in 2000. This company slipping slowly to private giants like HDFC Life. It is a general insurance Corporation.

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    5. Reliance Nippon Life Insurance

    This company was made as a result of the combination of Reliance Capital and Nippon Life. This company offers life insurance plans in five different segments Protection, Retirement, Child, Saving & Investment, and health.

    4. Bharti AXA General Insurance Company

    It is also one of the leading insurance companies in India that also offers a wide range of policies to the customers containing plans, savings plans.  This company also marched with ICIC Lombard Health Insurance.

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    3. Max Life Insurance

    This company reached the top of the list. This company exists since 2000 and it is the largest non-bank private sector. This company is full of benefits and many essential features according to the needs of the individual.

    2. Life Insurance Corporation of India

    This insurance company is mainly a joint venture between ICIC Bank and Prudential Corporation Holdings Limited. It is popularly known as LIC. This company also provides many benefits for the customers.

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    1. SBI Life Insurance

    It is the best Life Insurance company. This company offered many plans to the other life insurance company. This company also has benefits like insurance plans, child plans, pension plans, and savings. The company has USD 290 million with a settlement ratio of 95.03%.

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