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Life insurance is a long-term and cost-intensive investment for the residents. Life insurance policies provide coverage and act as a guarantee against unforeseen, unfortunate circumstances that might occur in future. It also acts as a source of income for the family when an earning member is unable to do so. So, it is very essential to possess a life insurance policy and too from a popular and well-established company. Here we will discuss the top 10 life insurance companies in India 2019.

Top 10 best life insurance companies in India 2019

1. Life Insurance Corporation of India (LIC) – LIC is the most trusted and oldest insurance company among the top life insurance companies of our country. It is one of the largest and state-owned insurance Company established in 1956. Moreover, it offers a wide range of life insurance products such as special plans, term assurance plans, and many more. LIC has 2048 branch offices that have a huge number of employees operating all over the country.

2. ICICI Prudential Life Insurance – ICICI Prudential Life Insurance is the first private sector in the Life insurance in India. It is a joint venture between the ICICI Bank Ltd. and Prudential Plus. The company has tried to maintain a good popularity and the top position among the clients. Additionally, it also offers a wide range of products such as Pension plan, Term plan, Investment plan and many more. These plans enable the buyers to attain the long-term financial goal.

3. SBI Life Insurance – SBI Life Insurance Company is the biggest and 3rd most dependable insurance company in India. It is a joint venture between the State Bank of India (SBI) and BNP Paribas Cardif. It is one of the strongest insurance companies that offer a wide range of life insurance products and customer service.

4. HDFC Standard Life Insurance – HDFC Standard Life Insurance is one of the top private insurance companies in India. It is a joint venture between the Housing Development Financial Corporation Ltd. and Standard Life Plus. Additionally, it has 27 retail and 8 group products currently in the portfolio. It offers a wide array of insurance products to cater to the needs of the customer.

5. Max Life Insurance – Max Life Insurance Company is a joint venture between Max Financial Service Ltd. and Mitsui Sumitomo Insurance Company Ltd. It is one of the foremost Life Insurance Company among the top 10 life insurance companies in India 2019. It offers a wide range of long-term protection, retirement and saving schemes. It is one of the best companies among the top private insurance companies in India.

6. Bajaj Allianz Life Insurance – Bajaj Allianz Life Insurance is a joint venture between the Allianz SE and Bajaj Finserv Ltd. It has gained its name as one of the top life insurance companies in India. Additionally, it offers a wide array of products such as Child plan, ULIP and Health Insurance plans. Its plans are best suited to meet the needs of all age and income groups.

7. Birla Sun Life Insurance – Birla Sun Life Insurance Company is one of the leading international financial services Company in India. Birla Sun Life Insurance is a joint venture between Sun Life Financial Inc. and Aditya Birla Group The Company has more than 600 branches which are spread over 500 cities all over the country. Moreover, it offers a wide range of insurance products to meet the customer needs by providing complete satisfaction.

8. Reliance Nippon Life Insurance – Reliance Nippon Life Insurance is one of the largest life insurance firms in India. It is a joint venture between Reliance Capital and Nippon Life Insurance. It is one of the top life insurance companies in India with a network of 800 branches across the country. Additionally, it offers some comprehensive plans and targeted products for individuals and corporate entities.

9. Tata AIA Life Insurance – Tata AIA Life Insurance is a joint venture between Tata Sons and AIA Group. It is one of the largest and independent Pan Asian life insurance company in the world. It also provides a diverse range of plans and is regarded as the top life insurance companies in India.

10. PNB Metlife India Insurance – PNB Metlife India Insurance Company is one of the fastest growing companies in India. It is a joint venture between Punjab National Bank and Metlife Inc. It offers a wide range of protection and retirement plans for the customers.

Udta Paisa is one such financial advisor that’s linked with all the top 10 life insurance companies in India 2019. If you want to invest in any of the companies, you can contact Udta Paisa.