India Insured

List of major Life Insurance Companies in India. Aviva Life Insurance Bajaj Allianz Life Insurance Bharti AXA Life Insurance Birla Sun Life Insurance HDFC Standard Life Insurance ICICI Prudential Life Insurance ING Vysya Life Insurance Kotak Mahindra Old Mutual Life Insurance Life Insurance Corporation of India Max New York Life MetLife India Insurance Reliance Life Insurance Sahara India Life Insurance SBI Life Insurance TATA AIG Insurance Shriram Life Insurance

Bharti-Axa Life Insurance Bharti Enterprises Bharti Enterprises is one of India ’s leading business groups with interests in telecom, Agri business, insurance and retail. Bharti Enterprises has successfully focused its strategy on telecom while straddling diverse fields of business. From the creation of 'Airtel', one of India 's finest brands, to becoming the largest manufacturer and exporter of world class telecom terminals under its 'Beetel' brand, Bharti has created a significant position for itself in the global telecommunications sector. Bharti Airtel Limited is today acknowledged as one of India 's finest companies, and its flagship brand 'Airtel', has over 50 million customers across the length and breadth of India . While a joint venture with TeleTech Inc., USA marked Bharti’s successful foray into the Customer Management Services business, Bharti Enterprises’ dynamic diversification has continued with the company venturing into teleco...

HDFC Standard Life Insurance Company Ltd . is one of India 's leading private insurance companies, which offers a range of individual and group insurance solutions. It is a joint venture between Housing Development Finance Corporation Limited (HDFC Ltd.), India 's leading housing finance institution and a Group Company of the Standard Life, UK . HDFC as on March 31, 2007 holds 81.9 per cent of equity in the joint venture. Our key strengths Financial Expertise As a joint venture of leading financial services groups, HDFC Standard Life has the financial expertise required to manage your long-term investments safely and efficiently. Range of Solutions We have a range of individual and group solutions, which can be easily customized to specific needs. Our group solutions have been designed to offer you complete flexibility combined with a low charging structure. Track Record so far Our gross premium income, for the year ending March 31, 2007 stood at Rs. 2...

Shriram Life Insurance Company is the joint venture between the Shriram Group and the Sanlam Group. Shriram Group The Shriram Group is one of the largest and well-respected financial services conglomerates in India. The Group's main line of activities in financial services include chit fund, truck financing, consumer durable financing, stock broking, insurance broking and life insurance. The Group has a customer base of 30 lacs chit subscribers and investors and operates through a network of 630 offices all over the country. The Group has the largest agency force in the private sector consisting of more than 75,000 loyal and dedicated agents. Link- www.shriram.com SANLAM LIFE INSURANCE Sanlam Life Insurance Limited, a part of the Sanlam Group, is one of the largest providers of life insurance in South Africa with 3.2 million individual policies under administration. It has a significant presence across South Africa, United Kingdom and Namibia and is a major provider o...

Tata AIG Life Insurance Company Limited (Tata AIG Life) is a joint venture company, formed by the Tata Group and American International Group, Inc. (AIG). Tata AIG Life combines the Tata Group’s pre-eminent leadership position in India and AIG’s global presence as the world’s leading international insurance and financial services organization. The Tata Group holds 74 per cent stake in the insurance venture with AIG holding the balance 26 percent. Tata AIG Life provides insurance solutions to individuals and corporates. Tata AIG Life Insurance Company was licensed to operate in India on February 12, 2001 and started operations on April 1, 2001 . THE TATA GROUP The Tata Group (www.tata.com) is one of India's largest and most respected business conglomerates, with revenues in 2006-07 of $28.8 billion (Rs.129,994 crores), the equivalent of about 3.2 per cent of the country's GDP, and a market capitalization of $72.2 billion as on December 6, 2007. Tata companies together em...

The Sahara Pariwar’s latest foray is in the field of Life Insurance. The Pariwar’s life insurance company – Sahara India Life Insurance Company Ltd. - has been granted licence by the insurance regulator – the IRDA on 6th February 2004. With this approval Sahara India Life Insurance Company Ltd . becomes the first wholly and purely Indian company, without any foreign collaboration to enter the Indian Life insurance market. The launch is with an initial paid up capital of 157 crores. The Chairman of the company is Shri Subrata Roy Sahara who is also the Chairman of Sahara Pariwar.

Reliance Life Insurance Company Limited is a part of Reliance Capital Ltd. of the Reliance - Anil Dhirubhai Ambani Group . Reliance Capital is one of India’s leading private sector financial services companies, and ranks among the top 3 private sector financial services and banking companies, in terms of net worth. Reliance Capital has interests in asset management and mutual funds, stock broking, life and general insurance, proprietary investments, private equity and other activities in financial services. Reliance Capital Limited (RCL) is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India under section 45-IA of the Reserve Bank of India Act, 1934. Reliance Capital sees immense potential in the rapidly growing financial services sector in India and aims to become a dominant player in this industry and offer fully integrated financial services. Reliance Life Insurance is another step forward for Reliance Capital Limited to offer need based Life Insu...

MetLife, Inc. is a leading provider of insurance and financial services with operations throughout the Americas, Asia Pacific and Europe. Through its affiliates, MetLife, Inc. is the largest life insurer in the United States 1 with over 139 years of experience. The MetLife companies offer life insurance, annuities, automobile and home insurance, retail banking and other financial services to individuals, as well as group insurance, reinsurance and retirement and savings products and services to corporations and other institutions, reaching more than 70 million customers around the world. A leader in-group benefits, the MetLife companies serve 88 of the top 100 FORTUNE 500 companies and are ranked #1 in-group life and #1 in commercial dental in the U.S. More than 61,000 employers now offer MetLife products to their employees, enabling those employees to provide protection and security for themselves and their families. MetLife India Insurance Company Private Limited was incorporated...

A transformation that will radically change the way we think about insurance and the way we buy insurance. Max New York Life is a dynamic partnership between New York Life , a globally respected insurance major and Max India , a business conglomerate driven by the spirit of enterprise. Max New York Life Insurance Company is one of the joint venture companies which has got in-principle approval from IRDA to sell Life Insurance products in India. Max India Limited Max India Limited is a multi-business corporate, driven by the spirit of Enterprise, focused on the Knowledge, people and Service oriented businesses of Healthcare, Life Insurance and Information Technology. Max India also maintains business interests in Telecom Services, electronic components, Bulk Pharmaceuticals and Specialty Products businesses. New York Life NYL is a fortune 100 company with over US $ 131 billion in assets under management and over US $ 10 billion in annual revenues. NYL is ranked #3 in the Fortune global ...

Life Insurance Corporation of India was created on 1st September, 1956 , with the objective of spreading life insurance much more widely and in particular to the rural areas with a view to reach all insurable persons in the country, providing them adequate financial cover at a reasonable cost. LIC had 5 zonal offices, 33 divisional offices and 212 branch offices, apart from its corporate office in the year 1956. Since life insurance contracts are long-term contracts and during the currency of the policy it requires a variety of services need was felt in the later years to expand the operations and place a branch office at each district headquarter. re-organization of LIC took place and large numbers of new branch offices were opened. As a result of re-organization, servicing functions were transferred to the branches, and branches were made accounting units. It worked wonders with the performance of the corporation. It may be seen that from about 200.00 crores of New Business in 19...

Kotak Mahindra Bank Ltd. - The Kotak Mahindra Group's flagship company, Kotak Mahindra Finance Ltd that was established in 1985, was converted into a bank - Kotak Mahindra Bank Ltd in March 2003 becoming the first Indian company to convert into a Bank. It's banking operations offers a central platform for customer relationships across the group's various businesses. The bank has a presence in the Commercial Vehicles, Retail Finance, Corporate Banking, Treasury and Housing Finance. Kotak Mahindra Capital Company Ltd. - Kotak Investment Banking (KIB) is India 's premier Investment Bank. Kotak Investment Banking (KIB) and Kotak Institutional Equities represent the securities business of the Kotak Mahindra Group (KI), Kotak Investment Bank is a full service Investment Bank bringing to its clients the global reach and the local knowledge and skills of Kotak Mahindra. As a full service Investment Bank, Kotak Investment Banking's core business areas include Equity Is...

ING Vysya Life Insurance Company Limited entered the private life insurance industry in India in September 2001, and in a span of 5 years has established itself as a distinctive life insurance brand with an innovative, attractive and customer friendly product portfolio and a professional advisor sales force. It has a dedicated and committed advisor sales force of over 21,000 people, working from 140 branches located in 74 major cities across the country and over 3,000 employees. It also distributes products in close cooperation with the ING Vysya Bank network. The Company has a customer base of over 4,50,000 & is headquartered at Bangalore . In 2005, ING Vysya Life earned a total income in excess of Rs. 400 crores and has a share capital of Rs. 440 crores. The Company aims to make customers look at life insurance afresh, not just as a tax saving device but also as a means to add protection to life. The one thing we hold in highest esteem is 'life' itself. We believe in...

Birla Sun Life Insurance A collaboration of the US$ 6 Billion Aditya Birla Group & the US$ 16.7 billion Sun Life Financial of Canada. Aditya Birla Group - The Aditya Birla Group is India 's first truly multinational corporation. Global in vision, rooted in Indian values, the Group is driven by a performance ethic pegged on value creation for its multiple stakeholders. Its 66 state-of-the-art manufacturing units and sectoral services span India , Thailand , Indonesia , Malaysia , Philippines , Egypt , Canada , Australia , and China . A US$ 6.7 billion conglomerate, with a market capitalization of US$ 7 billion, it is anchored by an extraordinary force of 72,000 employees belonging to over 20 different nationalities. Over 30 per cent of its revenues flow from its operations across the world. A premium conglomerate, the Aditya Birla Group is a dominant player in all of the sectors in which it operates. Such as viscose staple fiber, non-ferrous metals, cement, viscose fila...

SBI Life (State Bank of India Life Insurance) SBI Life Insurance is a joint venture between the State Bank of India and Cardif SA of France . SBI Life Insurance is registered with an authorized capital of Rs 500 crore and a paid up capital of Rs 350 crores. SBI owns 74% of the total capital and Cardif the remaining 26%. State Bank of India enjoys the largest banking franchise in India . Along with its 7 Associate Banks, SBI Group has the unrivaled strength of over 14,000 branches across the country, the largest in the world. Cardif is a wholly owned subsidiary of BNP Paribas , which is The Euro Zone’s leading Bank. BNP is one of the oldest foreign banks with a presence in India dating back to 1860. It has 9 branches in the metros and other major towns in the country. Cardif is a vibrant insurance company specializing in personal lines such as long-term savings, protection products and creditor insurance. Cardif has also been a pioneer in the art of selling insurance pro...

Aviva is UK ’s largest and the world’s fifth largest insurance Group. It is one of the leading providers of life and pensions products to Europe and has substantial businesses elsewhere around the world. With a history dating back to 1696, Aviva has a 40 million-customer base worldwide. It has more than £377 billion of assets under management. In India , Aviva has a long history dating back to 1834. At the time of nationalization, it was the largest foreign insurer in India in terms of the compensation paid by the Government of India. Aviva was also the first foreign insurance company in India to set up its representative office in 1995. In India , Aviva has a joint venture with Dabur , one of India 's oldest, and largest Group of companies. A professionally managed company, Dabur is the country's leading producer of traditional healthcare products. In accordance with the government regulations, Aviva holds a 26 per cent stake in the joint venture and the Dabur group holds...

ICICI Prudential Life Insurance Company is a joint venture between ICICI Bank - one of India 's foremost financial services companies-and Prudential plc - a leading international financial services group headquartered in the United Kingdom . Total capital infusion stands at Rs. 29.32 billion, with ICICI Bank holding a stake of 74% and Prudential plc holding 26%. We began our operations in December 2000 after receiving approval from Insurance Regulatory Development Authority (IRDA). Today, our nation-wide team comprises of over 735 offices, over 243,000 advisors and 22 bancassurance partners. ICICI Prudential was the first life insurer in India to receive a National Insurer Financial Strength rating of AAA ( India ) from Fitch ratings. For three years in a row, ICICI Prudential has been voted as India 's Most Trusted Private Life Insurer, by The Economic Times - AC Nielsen ORG Marg survey of 'Most Trusted Brands'. As we grow our distribution, product range and customer ...

Term life insurance is the original form of life insurance and is considered pure insurance protection because it builds no cash value. Term life insurance provides coverage for a limited period, the relevant term. After that period, the insured can drop the policy or pay annually increasing premiums to continue the coverage. If the insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is often the most inexpensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis. This is purely risk protection. Below the comparative chart of premium (without return of premium Option) for a 25-Year-old person for a sum assured of 1000000 for a term of 20 years. Insurer (Insurance Provider) Premium Comments (Riders- Accidental death & Disability, Weaver of Premium, Critical Illness) Bharti AXA Life Insurance 2620 No Riders SBI Life Insurance...