Top 5 Best Life Insurance Company in India

Well, Life is a precious thing it can not be evaluated in terms of money, well that being said it estimated by the term of your production, life expectancy,
and the valuation of your current income status.
Well, there are various companies that provide insurance policies, as a matter of fact, they all provide the same coverage, but yet they are different
from one another, so it is difficult to identify which company is suitable for you, that is why we have
identified the list of “Top 5 Best Life insurance Company in India”


1. Life Insurance Corporation:


Life Insurance Company in India


Customer service 0226 827 6827
Chairperson M R Kumar
Founder Government of India
Founded 1 September 1956
Headquarters Mumbai
Number of employees 2,85,019 (2019)
Subsidiaries  LIC Housing Finance, IDBI Bank, More
Claim Settlement Ratio 97.79%


2. HDFC Life Insurance:
HDFC Life Insurance

Customer service 1800 266 9777
CEO Vibha Padalkar (12 Sep 2018–)
Headquarters  Mumbai
Subsidiaries Hdfc Standard Life Insurance Company Limited, Asset Management Arm, MORE
Parent organizations
Housing Development Finance Corporation, Standard Life, Standard Life Aberdeen
Claim Settlement Ratio 99.04%


3. Max Life Insurance:

Max Life Insurance

Customer service 1860 120 5577
CEO Prashant Tripathy (1 Jan 2019–)
Founder Analjit Singh
Founded 2001
Parent organization Max Financial Services
Subsidiary Max Life Insurance Company Limited, Asset Management Arm
Claim Settlement Ratio 99.2%


4. ICICI Prudential Life Insurance:
ICICI Prudential Life Insurance

Customer service  1860 266 7766
CEO  N. S. Kannan (19 Jun 2018–)
Headquarters  Mumbai
Founded 2000
Parent organization  ICICI Bank
Subsidiary  ICICI Prudential Pension Funds Management Company Limited
Claim Settlement Ratio 98.58%


5. Aditya Birla Sun Life Insurance:

Aditya Birla Sun Life Insurance


It is one of the leading private sector life insurance companies in India. It started operations on January 17th, 2001. but it was incorporated on August 4th, 2000.

Customer service 1800 270 7000
CEO Kamlesh Rao
Founded 2000
Organization type Subsidiary
Parent organization Aditya Birla Capital
Subsidiaries Aditya Birla Money Insurance Advisory and Broking Services Ltd., Aditya Birla Sun Life Pension Management Limited
Claim Settlement Ratio 97.15%.


In other words, given these points, are top 5 insurance company that is not only the pioneer of the market but have been the most
trusted insurance companies all over India.


[Read more: Things To Be Considered While Buying Health Insurance] [Read more: What is Insurance, Meaning and Importance of Insurance?] [Read more: Top 5 Trusted Vehicle Insurance Companies in India (2021)]

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