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.


Article Source: http://EzineArticles.com

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Life Insurance Companies in India

In India, the Insurance sector is in fact a very affluent market among the major insurance companies of the globe.  Now the major life insurance companies in India are run by the Indian government.

In the past, the insurance sector of India possessed two state insurers. The first was the Life Insurers commonly known as the Life Insurance Corporation of India (LIC). The second one was the General Insurers and commonly called the General Insurance Corporation of India (GIC).

Lets’ discuss in brief about four major Life insurance Companies in India namely the HDFC Standard life Insurance Co. Ltd, SBI Life Insurance Co. Ltd, the Life Insurance Corporation of India and the Bharti AXA Life Insurance.

HDFC Standard Life Insurance is one of the privately held leading joint venture life insurance companies in India of Housing Development Finance Corporation Limited (HDFC Limited) and the Standard Life Plc, a Group Company of UK. They offer both individual as well as group solutions to meet specific needs of a personal life. The products that are offer by HDFC standard Life Insurance are Protection Plans, Children's Plans, Retirement Plans, Savings & Investment Plans, Health Plans and Group Plans

The products of SBI Life Insurance are designed to serve all sections of society to provide financial support to specific requirements of an individual. These are tax saving money back products, protection cum savings products, pension products, Unit linked products like Group health plan, Unit Plus Child as well as SBI Life Horizon.

Life Insurance Corporation of India or LIC is the government owned biggest life insurance companies in India established in 1956. The various products offered by LIC India helps in saving for future with attractive savings plans of their insurance policies.

Life Insurance Corporation of India has its headquarters in Mumbai, and has 8 zonal offices as well as 101 divisional offices with more than 2048 branches all situated in varies cities and towns in India. The total employee strength is 112,and is noted to have over a million agents who actively work to make people from all over India adopt various policies and products if LIC India. LIC is also noted to fulfill the life insurance needs of its Non Resident Indians or NRIs.

Bharti AXA Life Insurance is a joint venture company between Bharti, the leading business groups dealing with telecom and agri business in India and AXA, the so called global leader dealing with financial protection as well as wealth management. The insurance plans with other financial solutions offered by Bharti AXA Life Insurance cater to all insurance as well as wealth management needs of an individual. 

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