SBI Life Insurance and the Best Insurance Plans in India

Every individual's main concern is the security of himself and his love ones. Mostly, people work hard in able to sufficiently provide their families' needs. However, the everyday necessities are not enough to secure one's health and life in its entirety. This is the reason why people search for reasonable life and health insurance policies to further secure their existence.

Consequently, there are diverse insurance companies that exist in India. Many of these offer various insurance plans and policies. The SBI Life Smart ULIP is just one of the different life insurance companies in India. The SBI is a mutual business venture between BNP Paribas and State Bank of India. Moreover, the company has established its first health insurance policy which is the 'SBI Life-Group Criti9'. This project is intended for State Bank of India clients who are 18-55 years old.

 The introduction of the policy indicates a superior health protection plan, rather than the traditional Indian systems. Criti9 ensures on providing its clients the utmost protection against 9 critical illnesses. Major organ transplants, heart attacks, and cancer are inclusive in this particular health plan. In addition, Criti9 offers a minimum of 2-year term, and a 5-year term maximum of policies. Indeed, SBI Life Insurance is one of the finest insurance companies in India.

Accordingly, Jeevan Anand is another insurance company India that offers a lot of life insurance options. Jeevan Anand in fact is an insurance product innovation from LIC of India. It is a mutual venture of benefits between Whole Life Plan and Endowment Assurance. The JE plan no.149 covers financial security against death with a lifetime assurance, along with the lump sum payment on the chosen term.

Life Insurance Company Jeevan Anand (LIC Jeevan Anand), features easy and simple policies. Plan holders are provided with certain coverage until his death, event though PPT (Premium Paying Term) has ended. Accident benefits are also available up to the age of 70 years. Furthermore, LIC Jeevan Anand offers limited premium payments, double accident coverage, tax savings, and more other benefits.

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Top 10 Insurance Companies in India

Despite the financial crisis, there is quite a good amount of insurance companies in India- after all; it is a country with a population of 1 billion people.

Unfortunately, the great variety of companies offering insurance services is often confusing which is why a list of the companies in India is likely to help you a lot when making your choice.

And here comes the list:

1. LIC is unsurprisingly taking the first place as the leader of our Top 5 in India chart. It is pretty much like the choice of the ordinary Indian. According to the last statistics, 300 millions of people use the service of this company- this is roughly the whole population of the United States.

2. Bajaj Allianz Company is amongst the Top 5 Insurance companies in India and it does deserve the bronze medal without any doubts. And who has not heard of the Allianz insurance company? It is international and has branches almost all over the world- in all countries, it appears to be one of the most successful companies and India does not seem to make an exception.

3. Birla Sun Life Insurance is the company which gets the bronze medal. It is quite popular amongst the Indians and a company with good reputation although it is mainly specialized in life insurances. The company's presence in Top 5 Insurance companies in India is definitely deserved.

4. AIG General Insurance has reached the fourth place in the Top 5 insurance companies in India ranking. Anyway, this company seems to be gaining a lot of popularity and it is likely it reaches a better ranking soon.

5. And Oriental Insurance has grabbed the fifth place as the last of the Top 5 insurance companies in India. However, the fact that being the last of the best five is quite a good achievement should not be neglected.


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