Top Ten Best Life Insurance Companies in India 2018

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
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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.

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6. SBI Life Insurance

SBI Life Insurance

State Bank of India is a leading name in the banking sector, and the life insurance company launched in 2001 by SBI in collaboration with BNP Paribas is equally trusted name in the insurance sector. The ratio of capital holdings between the two companies is 74% and 26% respectively.


5. Bajaj Allianz Life Insurance

Bajaj Allianz Life Insurance

Featuring next on the list of top 10 life insurance companies in India in 20915 is Bajaj Allianz Life Insurance, which was established in 2001, as collaboration between Bajaj Finserv ltd and Allianz SE. The head office of this company is located in Pune and it has shown significant growth in recent times.


4. Birla Sunlife Insurance

Birla Sunlife Insurance

A trusted name in the insurance sector in India is that of Birla Sunlife Insurance, which was set up in the country in 2000, as a joint venture between Aditya Birla Group and a Canadian financial leader called Sunlife Financial INC. The company has registered whopping sales figures in life insurance policies.


3. HDFC Standard Life Insurance

HDFC Standard Life Insurance

Another popular choice among life insurance companies in India is HDFC Standard Life Insurance Company, which started business in 2000, when HDFC joined hands with UK based financial services company, Standard Life plc. The head quarters of the company are located in Mumbai.


2. ICICI Prudential Life Insurance

ICICI Prudential Life Insurance

ICICI Prudential Life Insurance is a leading life insurance company in India, which was initiated in 2000 to become the first private company to enter the insurance sector. The company is a joint venture between ICICI and the UK based firm, Prudential PLC, and has its head quarters in UK.

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1. Life Insurance Corporation of India (LIC)

Life Insurance Corporation of India (LIC)

LIC is the oldest and most trusted name among the life insurance companies in India, which was established in 1956 and continues to serve the public with some excellent policies and products. The Mumbai based company provides employment to nearly 112000 people and is known for excellence of its services.


If you are planning to take up a life insurance, then these are the names to trust. Investing in one of these companies ensures that your future is in secure hands.


  1. Raj
      • R. Kothari
  2. vedhanathan
  3. Aboobaker
  4. Srp
    • R Srinivasan
  5. Indu
  6. Sumit Kumar
  7. swanand
  8. Charmi gupta
  9. Vivek Singh Bhadauriya
    • Manoj Panda
  11. Owais Kheradia
  12. hema majumdar
  13. Dhiraj Pandey