Too many life insurance policies is an investment made today for the future which will eventually support the family, particularly for the breadwinner of the family, as it covers the risk of his/her life and in cases of untimely death. However, it is essential to choose and get a life policy from a reputed and trustworthy company to enjoy the full benefit of your investment which includes speedy claim process.

Let us have a look at these companies:

1. LIC India or Life Insurance Corporation of India   

LIC is India’s largest insurance company, as well as a large investor. Merged in 1956, LIC is wholly owned by Govt. of India.  Its headquarters is in Mumbai and consists of 2048 branches including 101 divisional offices spread across India. LIC employs 1 million agents. LIC’s claim settlement ratio stands at 98.14% making it an exceptional company to cater the needs amongst its policyholders.

2.Bajaj Allianz Life Insurance Co. LtdLife Insurance

Being one of the leading insurance companies, Baja Allianz was established in 2001 and is headquartered in Pune. It is spread over a whopping 70 countries. The company has around 1200 branches across the country. It has got traditional, child, pension policy including other policy products. The company has a claim settlement ratio records at 98.10%.

3.ICICI Prudential Life Insurance

    

Established in Dec 2000, this company is a joint venture between ICICI Bank and Prudential Plc, a leading international financial services group headquartered in the UK. The company enjoys a big network of more than 1900 branches, including 1074 micro offices and more than 210,000 advisors. ICICI Prudential is the earliest life insurers to receive the AAA (Ind) National Financial Strength rating from Fitch. The claim settlement ratio of ICICI Prudential stands at 96.20%.

 4. SBI Life Insurance

    SBI Life is a joint venture between SBI and BNP Paribas growing since 2000. SBI Life provides products like protection products, pension products, and term insurance with a claim settlement ratio of 95.70%,

5. Reliance Life InsuranceLife Insurance

 

    Reliance Life Insurance is a leading financial company ranked among top 3 financial sector banks. In 2001 it has ranked over 500 firms. The insurance company consists of 4 different category plan like -Young & Single, Just Married, Proud Parents and Pre-retirement. The claim settlement ratio is 95.01%.

So these are the top rated life insurance companies today. They all serve a common purpose in providing family security in the future if any untoward incident happens to an individual’s life. A thorough comparison with the suitability of individual needs is all that it takes for good life coverage.

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Too many life insurance policies is an investment made today for the future which will eventually support the family, particularly for the breadwinner of the family, as it covers the risk of his/her life and in cases of untimely death. However, it is essential to choose and get a...

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