Life Insurance Corporation (LIC) is the biggest life insurer in India and totally owned by the union government. It is specializes in individual life insurance, pension plans, and group insurance plans. Its headquarters is in Mumbai. â€œYour welfare is our responsibilityâ€ is the slogan of LIC and it has 2048 branches across India.
Bajaj Allianz Life Insurance Company Limited (IRDA Reg. No 113) is one of the most trusted and sought after names in the insurance industry in India. It offers a wide range of general insurance products and services through a network that comprises 200 offices across India.
Reliance Life Insurance Co.Ltd is a fundamental part of Reliance Capital. Reliance Capital has diversified business in insurance of all kinds, asset management, mutual funds, commercial finance and other financial services. The company is a part of Reliance Capital, which is among the leading Indian financial services firms in the private sector. Reliance Capital is regarded as one of the top non-banking and financial services firms in the private sector so far as net worth goes. It has more than 800 branches.
ICICI Prudential Life Insurance has a big network comprising more than 1900 branches, which includes 1074 micro offices and more than 210,000 advisors. It was amongst the first private sector life insurance companies to begin operations in December 2000 after receiving approval from Insurance Regulatory Development Authority of India (IRDAI). It is one of the earliest life insurers to have received the AAA (Ind) National Financial Strength rating from Fitch.
HDFC Standard Life has established itself as one of the most trusted insurance firms in the country. It offers a wide variety of products and services for individuals as well as group entities. Whether you are looking for protection plans, womenâ€™s or childrenâ€™s plans, pension plans or savings and investment solutions, HDFC Life has it all. It has a commendable presence in more than 700 towns and cities and has 568 branches. It has employed approximately 2 lakh financial advisors for dealing with different requirements of their customers such as protection, investments, pension, health, and savings. It also offers customized plans for the convenience of its clients.
Max Life Insurance Company was established in 2000 and started its operations during 2001 and is presently one of the leading names in the Indian insurance industry. At present it is the biggest life insurer among the privately held non banking companies of India. It has a vast network of 210 Offices in 143 cities.
Birla Sun Life Insurance Company Limited (BSLI) is a combined venture of Sun Life Financial Inc., which is one of the leading global providers of financial services. The company has over 600 branches spread over 500 cities and pioneered the launch of Unit Linked Life Insurance plans. BSLI provides a complete range of insurance services including protection solutions, health and retirement solutions, wealth with protection, childrenâ€™s future solutions, life stage products and customised group insurance solutions for employees of various organisations.
SBI Life Insurance is a joint enterprise of BNP Paribas Cardif and the State Bank of India. SBI holds 74 percent of the overall shares and BNP Paribas Cardif owns the remaining stake. State Bank is India's largest commercial bank. BNPPC, an insurance subsidiary of BNP Paribas, with operations across 36 jurisdictions internationally, is among the leading credit life insurance businesses globally. BNP Paribas is in top 10 global financial institution in terms of revenue.SBI Life has product a portfolio of 37 individual and group products, including a range of protection and savings products to address the insurance needs of diverse customer segments.
Tata AIA Life Insurance Company (Tata AIA Life) is a joint venture company formed by Tata Sons and the AIA Group (AIA). With sales offices in all major cities and towns across India, Tata AIA Life brings together Tata's unrivalled leadership position in India and AIA's presence as the largest, independent listed pan Asia life insurance group in the world.Tata AIG life insurance provides a wide range of products for the individuals (children, adults and for retirement planning), business organization and other association to meet their respective needs.
Bharti AXA Life was founded in 2006, with a motive to provide variety of innovative products and services to cater to specific insurance and wealth management requirements of their customers. It is a private sector life and general insurance provider based out of Mumbai, Maharashtra. It is a joint venture between the Indian conglomerate Bharti Enterprises, and AXA â€“ one of the largest multinational financial and wealth services companies.