Top Ten Best Life Insurance Companies in India 2017

A life insurance policy is of core importance, particularly for the bread winner of the family, as it covers the risk f his life, and in case of his untimely death, provides financial support to the family. But it is essential to get a life insurance policy from a reputed and trustworthy insurance company to get full benefit of your investment.

Nowadays Insurance is no longer confined to the traditional term arrangements or entire life policies. The opening up of the insurance division in the most recent decade, has carried with it organizations, offering an assortment of choices with a scope of plan components. This could be a plain life cover or pension plan with standard stream of pay, or a cash back strategy for family duties.

There are more than 20 life insurance organizations with different sorts of plants and highlights and even the premiums for similar advantages might vary massively. It is hard to do a relative investigation of a large number plans in a straightforward way.

Here are some easy steps to choose a life insurance company

  • Consult an insurance advisor

While this may appear to be insignificant, connecting with a solid and skilled insurance policy consultant at the very early stage in your search for life coverage is basic. Consulting a legal counsellor is important as most people are not capable to take a decision without anyone else’s input and need the mastery of an insurance consultant.

  • Figure the life cover

The insurance counsellor help you figure the amount of life cover or the sum guaranteed. He will survey sources of your pay, number of your dependents, liabilities and your lifestyle expenses. Your insurance advisor can decide the best plan for you. Also you can trust your advisor for finding an ideal plan if you have other needs like your child’s education or marriage, retirement pension or insurance plan for women.

  • Compare insurance plans

Since there are numerous insurance agencies in the market offering a variety of plans, you need to be confident that you select the most appropriate one. The insurance consultant will do the work by looking at extra or comparing insurance plans from different back up plans crosswise over applicable parameters prescribing the most proficient plan in view of your needs.

Take a look to the list of top 10 life insurance companies in India:

10. ING Vysya Life Insurance

ING Vysya Life Insurance

ING Vysya Life Insurance Company is among the leaders in the insurance market in India in 2015. The company was established in 2001 and is based in Bangalore. It caters to a huge customer base of over a million people in the country.


9. Reliance Life Insurance (RLIC)

Reliance Life Insurance (RLIC)

Another leading life insurance company in India is Reliance Life Insurance, which is a subsidiary of Reliance Capital Company. The company began its operations in 2001 and is based in Navi Mumbai and the Japanese company, Nippon took over 26% of its share in 2011. It has an employee base of 1000 people at present.


8. Tata AIA Life Insurance

Tata AIA Life Insurance

Tata AIA Life is another renowned player in the insurance sector. Established in 2001, the company is a joint venture of Tata Group and American International Group (AIG). The company is based in Mumbai and has registered immense success in life insurance sector.


7. Max Life Insurance

Max Life Insurance

The next name among the top 10 life insurance companies in the country in 2015 is that of Max Life Insurance, a tie up between Max India Limited and Mitsui Sumitomo Insurance Company Limited, a leading global insurance company. The company was founded in 2000 and is head quartered in New Delhi.


Read Also: List the Types of Insurances In India

20 thoughts on “Top Ten Best Life Insurance Companies in India 2017”

  1. Raj says:

    Hi, It seems that you have the wrong information regarding Tata. Tata AIG is a general insurance and Tata AIA is a life insurance. Kindly rectify.

    1. Santosh says:

      Thanks I done the changes.

      1. R. Kothari says:

        Hi Santosh, your ranking is with regard to their annual business or some other criteria is used?

  2. vedhanathan says:

    what about kotak life insurance company and their market place

  3. RAJESH says:


  4. Aboobaker says:

    Future Generali – AEP
    call me – 8767680198

  5. Srp says:

    Which is best for term insurance

    1. R Srinivasan says:

      IciciPru iProtect Smart plan offers the best benefits in a termplan. Call 9821042167

  6. Alok says:

    Edelweiss Tokio Life MyLifeplus term plan offers cover upto 80 years of age & a flexible payout option.

  7. Indu says:

    Quite an informative article. I came across this wonderful campaign by TATA AIA Life that talks about updating your life cover as per your needs. The calculator helped in analyzing the exact amount required to protect future needs. Definitely recommend trying out the calc and check for yourself

  8. Sumit Kumar says:

    I only trust on LIC. But this is good post.

  9. swanand says:

    Best trained and experienced team of professionals to help u find best available life insurance, child education, retirement solutions…. Cal 9673462000 for support in pune , mumbai.

  10. Charmi gupta says:

    Hie Santosh, Good thing you shared with us.
    I need your suggestion, can you please tell me which plan is best for kids?
    Waiting for your suggestion Thanks..

  11. Vivek Singh Bhadauriya says:

    I want to work as agent in life insurance sector. Could u please sugges me best company.

    1. Manoj Panda says:

      Pls call 9920385233

  12. CHIDANANDA says:

    Life insurance products need to picked from the shelves carefully…call me for the information and Support. Chidananda 9538573456 or reach me at

  13. Owais Kheradia says:

    Hello i am working at birla sunlife insuarance we have great products for children you can contact me on +919930610571 or mail me at

  14. hema majumdar says:

    hi…i want job in insurance sector,
    as an back office/operations

  15. Dhiraj Pandey says:

    Please be informed that it was not ICICI Prudential Life Insurance which was licenced firstly. but it was HDFC Life. you can go through the IRDA. Licence no of HDFC Life is 101 and LIcence not of IPru is 102
    Dhiraj Pandey

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