Insurance Policy sector in India has seen a number of stages of development right from its establishment in the year 1818. These sector attained better improvement in the past decade with the permission allotted to private companies to come in the insurance sector. With the Government of India offering permission for foreign direct investment up to 26% in this sector.
So today we are going to discuss about the Top 10 Insurance Companies in India 2012.Take a look at these companies below:
Life Insurance Corporation also very well known as LIC and this is one of the oldest Life Insurance Company in India and the company incorporated in the year 1956 by the alliance of 75 provident companies, 154 Indian Insurance companies and 16 non-Indian Companies.
In additional LIC has 7 zonal officers, 2048 computerized branches and 100 divisional offices.LIC also offers a wide range of Insurance Policies as given below:
- Joint life plan
- Team assurance plans
- Whole life plans
- Special money back plan for women
- Money back plans
- Endowment assurance plans
- Plans for handicapped dependents
- Children plans
- Bima account plans
- Endowment plans
This company is a joint venture between Bajaj Auto and Alliance AG.This company also offers a great Insurance Policies services as given below:
- Renewal premium payments
- Online services
- Life insurance saving plans
- Online life insurance
- Health care
- Life time care
- Retirement and pension plans
ICICI name is also very well know as ICICI Bank and now they offer also a Life Insurance Services as given below:
- Retirement Plans
- ULIP
- Life Insurance and Health Insurance
Their Life Insurance Plans also covered as below services:
- Education Insurance Plans
- premium guarantee plans Etc..
While other side their Health Insurance also covered as below services:
- MediAssure
- Hospital care Etc…
SBI is also very well know as State Bank Of India and they offers a various Life Insurance Plans also this is also a joint venture between BNP Paribas Assurance and State Bank of India. BNP’s share is 26%, while that of SBI is 74%.SBI Life Insurance offers a Health plans, Group plans and Individual plans etc.
Birla Sun Life Insurance company also a joint venture between Aditya Birla group and Sun life financials and they also offers a wide range of Life Insurance Plans.Some of the policies are given below:
- NRI Solutions
- Rural Solutions
- Group Solutions
- Individual Solutions
TATA AIG General Insurance Company also a joint venture between TATA group in India and America International Group and they also offers a wide range of Life Insurance Plans.Some of the policies are given below:
- Tata AIG Life Assure 10 years
- Tata AIG Life Maha Gold
- Tata AIG Life Hospi Cash back
- AIG Health Life Protector
Max New York Life is also a most reputed and old company. They offers a products like investment protection, retirement solution, children’s plan, etc.They also offering a 35+ products pertaining to health and life insurance.They have direct sales centers at 14 locations, 33 bank assurance relationships and 14 corporate agency tie-ups.The products are as given below:
- Retirement plans
- Health plans
- Child plans
- Growth plans
- Life plans
Reliance Life is a company of Reliance Capital Limited.In their Reliance Life Insurance products divided into two main categories namely solutions for individuals and solutions for groups.The plans are Protection Plans & Child Plans
This Company came into existence in the year of 1947 with its corporate officer at Mumbai and the company owned subsidiary of the Oriental Government Security Life Assurance Company.
From the year 1956 to 1973, the company was working as a subsidiary of Life Insurance Corporation of India.
From the year 1956 to 1973, the company was working as a subsidiary of Life Insurance Corporation of India.
HDFC Standard Life Insurance also offers a wide range of Life Insurance Products as given under below:
- Investment Plans
- Savings Plans
- Retirement Plans
- Protection Plans
- Health Plans
- Group Plans
Let us know which is the best company from your point of view and what experiences you will get from them if you are part of 1 of 10 of given above company.
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this list are very nice,thanks for share this information