Top Five Insurance Corporations in India

The insurance sector has developed over the years. In future too, it is expected that it will achieve heights. Previously only two companies were established in India to offer insurance to people but now there are numbers of the company providing various innovative insurance to people.

All the companies offer a number of policies with enormous benefits and drawbacks. So to compare insurance in India is a must while taking any policy. Every investor must need to compare all the related factors like benefits, returns, future goals, risk factor, and budget while picking insurance policy. However, there are so many insurance policies available in the market those comes with great benefits. Here is the list of top ten companies offer insurance policy in India:

  • Life Insurance Corporation in India: LIC is the biggest and oldest insurance company available in India. This company is totally owned by the union government. It has specialization in pension plans, individual life insurance, and group insurance plans. It has different sub-company those offers insurance policy around the country:
    • International Life Insurance Corporation of India
    • LIC Nepal
    • LIC housing finance
    • LIC Lanka
    • LICHFL Care Homes

The company has more than 12 million policyholder and 9 lakh agents all over the region. People can compare the insurance policy to know their outcomes. A major reason for success of this company is flexibility.

  • Bajaj Allianz General Insurance: This is one of the leading insurance nowadays. Bajaj Allianz offers variety of insurance policies in around 200 offices situated in different cities of India. Here is the list of some areas in which they offer insurance:
  • Automobile
  • Health Insurance
  • Homeowners
  • Travel Insurance
  • Commercial Insurance
  • ICICI Prudential Life Insurance: ICICI has large network having around 19000 branches. This includes 1074 Micro offices and 220000 advisors. ICICI is one of the most primitive company received AAA (Ind) National Financial Strength ratingfrom Fitch. It’s been successive three years company has been ranking as the most trusted company of the year.
  • Tata AIG General Insurance: This Company attains 5thposition amongst all insurance company in India. The reason for their success is the workforce of their office. As per the survey was done by Business today this is the uppermost company offering services in financial and banking sectors. Employees of this company have great trust in the system of organization. As they offer so many benefits to their staffs. Some of their standard areas of insurance policies are:
    • Travel Insurance
    • Motor insurance
    • Health Insurance
    • Individual insurance
    • Lifestyle Insurance
  • New India Insurance: this is the leading company in the world of insurance policies. This is completely retained by the Indian administration. This company is established in 1919. Since then it is offering services in the sector of insurance.

 This company has gained a popular position in less time as compared to other insurance companies. It provides almost 170 insurance products to people. Apart from general plans company also have plans for rural and micro sectors of the India people have trust in this company as it has linked with government.

 

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