List of Life Insurance Companies of India
There are 24 life insurance companies in India among them LIC of India is the only public sector insurance company. LIC reports a 12.42 % increase in total premium in FY 2019- 2020 to 3.79 Lakh Crore.
| S.No | Name of the Company | Company CEO/MD | Corporate Office Address | Communication Channel |
|---|---|---|---|---|
| 1 | Life Insurance Corporation of India | Mr. M R Kumar | Yogakshema, Jeevan Bima Marg Post Box No. 19953 Mumbai – 400 021 | Tel : 22-22027060 (Chairman) Tel.(EPABX) 022- 66598000 Fax:022-22028600 https://www.licindia.in/ |
| 2 | HDFC Life Insurance Co. Ltd | Ms. Vibha Padalkar | 13th Floor, Lodha Excelus, Apollo Mills Compound, N.M. Joshi Road, Mahalaxmi, Mumbai 400 011, Maharashtra | Tel : 022-67516666 Fax: 022-6751 6550 https://www.hdfclife.com/ |
| 3 | Max Life Insurance Co. Ltd. | Mr. Prashant Tripathi | 3rd, 11th, 12th Floor, DLF Square Building, Jacaranda Marg, DLF City, Phase – II, Gurgaon – 122002, Haryana | Tel : 0124-4121500 Fax: 0124-6659811 https://www.maxlifeinsurance.com/ |
| 4 | ICICI Prudential Life Insurance Co. Ltd, | Mr. N S Kannan | 1089, Appasaheb Marathe Marg, Prabhadevi,Mumbai – 400 025 | Tel : (022) 40391992 Fax no.: (022) 66622031 https://www.iciciprulife.com/ |
| 5 | Kotak Mahindra Life Insurance Co. Ltd. | Mr. G. Murlidhar | 7th Floor, Kotak Infiniti, Building No.21, Infinity Park, Off Western Express Highway, General AK Vaidya Marg, Malad (East), Mumbai – 400 097 | Tel:022- 66057652/6605777 Fax: 022 6742 5650 https://insurance.kotak.com/ |
| 6 | Aditya Birla SunLife Insurance Co. Ltd. | Mr. Kamlesh Rao | One India Bulls Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841, SenapatiBapatMarg, Elphinstone Road, Mumbai-400013. | Tel: 022-43569000 Fax:022-56783377 https://lifeinsurance.adityabirlacapital.com |
| 7 | TATA AIA Life Insurance Co. Ltd. | Mr. Rishi Srivastava | 14th Floor, Tower A, Peninsula Business Park Lower Parel, Senapati Bapat Marg, Mumbai - 400013 | Tel :022-66479000 Fax : 022-66550711 http://tataaia.com/ |
| 8 | SBI Life Insurance Co. Ltd. | Mr. Sanjeev Nautiyal | “Natraj”, M.V. Road & Western Express Highway Junction, Andheri (East), Mumbai 400069 | Tel : 022-61910000 Fax: 022 61910012 https://www.sbilife.co.in/ |
| 9 | Exide Life Insurance Co. Ltd. | Mr. Kshitij Jain | 3rd Floor, JP Techno Park, No. 3/1, Millers Road, Bengaluru, Pin: 560 001, Karnataka | Tel:080-67999200 Fax:080-40921768 https://www.exidelife.in/ |
| 10 | Bajaj Allianz Life Insurance Co. Ltd. | Mr. Tarun Chugh | Bajaj Allianz House, Airport Road, Yerawada,Pune – 411 006 | Tel : 020-66026773 Fax : 020 -66026789 https://www.bajajallianzlife.com |
| 11 | PNB MetLife India Insurance Co. Ltd | Mr. Ashish Kumar Srivastava | Unit No. 101, 1st Floor, Techniplex-1, Techniplex Complex,Veer Savarkar Flyover, Off S V Road Goregaon (West), Maharashtra- 400062. | Tel : 022-41790000 Fax:022-41790203 https://www.pnbmetlife.com/ |
| 12 | Reliance Nippon Life Insurance Company Limited, | Mr. Ashish Vohra | Reliance Centre, Off Western Express Highway, Santacruz East, Mumbai – 4000 055. | Tel: 022 3000 2000 Fax: 022 3000 2222 http://www.reliancenipponlife.com/ |
| 13 | Aviva Life Insurance Company India Ltd. | Mr. Trevor Bull | Aviva Tower, Sector Road, Opposite Golf Course, DLF-Phase V, Sector 43, Gurgaon 122003 | Tel: 0124-2709000/01 Fax: 0124-270 9007 https://www.avivaindia.com/ |
| 14 | Sahara India Life Insurance Co. Ltd. | Mr. A K Dasgupta | Sahara India Centre, 1, Kapoorthala Complex, Aliganj, Lucknow – 226 024 | Tel:0522-2329568 Fax:0522-2378200 https://www.saharalife.com/ |
| 15 | Shriram Life Insurance Co. Ltd. | Mr. Casparus Jacobus Hendrik Kromhout | Ramki Selenium,Plot No:31 & 32,Beside Andhra Bank Training Centre, Financial District, Gachibowli,Hyderabad – 500032. | Tel:040-23434466-72 Fax: 040-23434488 https://shriramlife.com/ |
| 16 | Bharti AXA Life Insurance Company Ltd, | Mr. Parag Raja | Unit no:1904,19th Floor, Parinee Crescenzo, ‘G’ Block, Bandra Kurla Complex, BKC Road, Behind MCA Ground, Bandra East, Mumbai - 400051 | Tel: 022 40306397 Fax: 022 – 40306347 https://www.bharti-axalife.com/ |
| 17 | Future Generali India Life Insurance Company Limited, | Mr. Munish Sharda | Indiabulls Finance Centre, Tower 3, 6th Floor, Senapati Bapat Marg, Elphonstone (W), Mumbai – 400 013 | Tel: 022-40976666 Fax:022-40976600 https://life.futuregenerali.in/ |
| 18 | IDBI Federal Life Insurance Company Limited, | Mr. Vighnesh Sahane | 22nd Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel – East Mumbai – 400013 | Tel.022-24908109/10 Fax.022-24941016 https://www.idbifederal.com/ |
| 19 | Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited, | Mr. Anuj Mathur | Orchid Business Park, Second Floor, Sohna Road, Sector-48, Gurgaon 122 018, Haryana, India,Phone: +91 124 4535 5794 | Tel:0124-4535500 Fax:0124-4535999 https://www.canarahsbclife.com/ |
| 20 | Aegon Life Insurance Company Limited, | Mr. Vineet Arora, | Building No. 3, Third Floor, Unit No. 1, Nesco IT Park,Western Express Highway, Goregaon (East), Pincode (Mumbai- 400063) | Tel:022 61180100 Fax:022 61180200 https://www.aegonlife.com/ |
| 21 | Pramerica Life Insurance Co. Ltd. | Mr. Anoop Kumar Pabby | Pramerica Life Insurance Co. Ltd. 4th Floor, Tower B, Building No.9 DLF Cyber City, Phase-III, Gurgaon 122002 | Tel.0124-4697000 Fax.0124-4697100/200 http://www.dhflpramerica.com/ |
| 22 | Star Union Dai-Ichi Life Insurance Co. Ltd. | Mr. Girish Kulkarni | 11th Floor, Plot No:34,35 & 38, Vishwaroop IT Park, Sector-30A of IIP, Vashi, Navi Mumbai 400703 | Tel: 022-39546200 Fax:022-39546311 https://www.sudlife.in/home |
| 23 | IndiaFirst Life Insurance Company Ltd., | Dr. R M Visakha | 12th and 13th Floor, North [C] wing, Tower 4, NESCO IT Park, NESCO Centre, Western Express Highway, Goregaon (East), Mumbai – 400 063 | Tel:022 39418700 Fax: 022 33259500 https://www.indiafirstlife.com/ |
| 24 | Edelweiss Tokio Life Insurance Company Limited,3rd & 4th Floor, | Mr. Sumit Rai | Tower 3, Wing B, Kohinoor City,Kirol Road, Kurla (West), Mumbai -400070 | Tel: 022-4063 5599 Fax: 022-71004133 https://www.edelweisstokio.in/ |
Life Insurance Council is the government body which manages life insurance companies and their life insurance product. This forum delicately made a website where you can get any respective information of any insurance companies and their respective life products and they campaigning the same that is “Sabse Pehle Life Insurance” this is first-ever insurance campaign in the insurance industry.
Sabse Pehle Life Insurance campaign
What is the purpose of the “Sabse Pehle Life Insurance” campaign? The purpose of the campaign is to educate the people about the importance of life insurance in individual life and create awareness about a different aspect of life insurance.
There are so many negative myths about life insurance in India because people do not understand the importance of insurance. According to some figures, people of India buy a life insurance product only for filling tax criteria, not more than this.
Life insurance companies in India offer various life products along with the benefits riders and provide customizable insurance plan as well which suits the individual requirement and needs. Thus, the main objective of the thought-provoking campaign is to identify the larger population and let them make understandable life insurance importance and their significance, how life insurance can save their life and money both at a time.
People Also Read
What is Life Insurance?
In a simple way, Life insurance is the product that creates a protective shield around you and your family and makes you ready to face any demise or uncertainties. It is important to consider life insurance so you can handle life uncertainties in a better way. Better to buy life insurance and hassle-free complete your life goals. Most people think they do not require life insurance so let us understand here.
Do Really I Need Life Insurance?
The answer is yes, everyone needs life insurance, let us understand the simple thumb rule.
To protect you against any uncertainties: Nobody knows what happens next in our life and you know as well, problems never come alone. Thus, it is better to secure your family from life uncertainties and give them a lifeline that helps them in your absence financially.
Easy to get in but difficult to get out: Here, we are talking about the debts, as we know that, it is easy to get debt but when it is required to get out, then you start losing your hard-earned money which you saved for your family. It is better do not to put your family into heavy debts, this time you may understand the importance of life insurance and how it can help you to clear your all loans and etc.
To Complete your life goals: Everyone has a set of goals in their life and they burn themself like midnight oil to achieve their goal. Your goal could be children’s education, your sweet home, your dream car or it could be anything. There are so many investment options provided by insurance companies that help you to achieve them without stress.
Looking for a comfortable retired life: How do you want to live your retirement life? with problems or with joy and stress-free moments with your family. It is up to you but you can make your retirement life more enjoyable with the retirement plans offered by the insurance companies in India. Do not hesitate to start the second inning of your life with the best investment plan.
Getting Started with Life Insurance
There are the bunch of question could arise in your mind like How do I buy? Where should I go to buy? which documents are required to start with? and so on. But you do not need to worry, it is very simple and hassle-free to buy any product
Choose Insurance Company
It is always better to consider only licensed life insurance companies; their all process is well streamlined, manageable, and customizable as per your needs. During the process, if you might get any issue then their assistant personally visits your place and help you in every step.
Choose Policy
This is an important and critical step to decide which policy should I go for. All the things depend on your requirement and needs, check online quotes carefully, look at all the written points carefully, understand the policy that is aligning with your needs or not and select few policies, and compare them. Thereafter you can’t decide any policy for yourself, then should go for the second option let an advisor prescribe some policy. In the end, should purchase a policy which seems the budget-friendly and matches with your requirement.
Know Your Chosen Policy
Once you decided which policy is for you, then you should read all the policy documents carefully and see the policy details like premiums payout options, premium terms, and most importantly see the policy benefits, features, list of inclusions and exclusions, eligibility criteria, list of network and non-network hospitals, what additional benefits riders are provided by companies, what is the claim settlement ratio of the company, what is the claim procedure of the policy, check your policy coverage, OPD and hospitalization expenses and so on.
Fill your Application Form
After completing the critical task and now well aware of your policy. It’s time you should fill the basic details like your name, your age, your current marital status, you should have to fill in your personal health and family history like are you a smoker or not, are you alcoholic or not. You are supposed to provide your authentic address and valid identification.
Accept your Policy
After filling in all the details, now it’s time the company team will check your all filled details and validate them. Once your policy is accepted by an insurance company, just in a few days you get your policy in your hand. Check the following points after getting your policy like your name, your age, your address, your personal phone number, and other necessary information as well.
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