Whether you are looking for different life insurance in India or you are looking for the best insurance in India, there are a variety of options available. You should consider your lifestyle and your needs before choosing a policy. Some of the life insurance companies that offer a variety of policies include HDFC, Icici Prudential, Max Life Insurance, Kotak Life Insurance, SBI, and Bajaj Allianz.
Max life insurance
Max Life Insurance is one of the largest non-bank private sector life insurance companies in India. It offers comprehensive protection plans and savings plans. The company has a reputation for delivering a fast and efficient claim settlement process.
The company offers a range of products and services, including protection plans, annuities, child plans, pure term insurance, investment plans and ULIPs. Some of the other benefits offered include tax benefits, rider benefits and lump sum payouts.
Max Life Insurance Company Limited has launched a Smart Capital Guarantee Solution to provide extra financial protection. This combination of the Smart Wealth Advantage Guarantee Plan and the Flexi Wealth Advantage Plan provides a guarantee on premiums paid at maturity, and guarantees the financial security of policyholders.
Another innovation by the company is its UPI Autopay feature, which enables customers to automatically renew their premiums as per their preferred frequencies. Customers will also receive a digital receipt of their premium payments.
In addition to these features, the company offers a variety of non-participating products to suit all your insurance needs.
SBI life insurance
SBI Life Insurance is one of the leading insurance providers in India. It has a wide range of products and services to cater to every economic strata. The company is well known for its efficient and productive staff.
SBI Life has a customer care helpline and a website that offers detailed explanations about buying a life insurance plan. You can get in touch with the customer care team through email, SMS or phone.
The SBI Life website allows you to compare different life insurance plans and rates. When you are ready to buy a life insurance plan, you will have to enter your details, such as your name, date of birth and contact number. Once you have provided all the necessary information, you will be able to download your premium notice.
A good insurance plan should come with flexible payment options. For example, the SBI Life Smart Power Plan provides the flexibility to withdraw funds and invest them for growth. This option is especially useful if you are looking to grow your wealth.
ICICI Prudential life insurance
ICICI Prudential Life Insurance is one of the leading insurance companies in India. It was the first insurance company to list on the BSE and NSE. The company is also renowned for its superior customer service.
ICICI Prudential Life Insurance Company Ltd offers a large variety of endowment plans. These products include life coverage, savings and loan against policy. A policyholder can select a policy that suits his needs best.
The policy offers a minimum of 10 years of cover, ranging up to 100 years. The premiums can be paid monthly or yearly. Besides providing protection, a life insurance policy also helps in creating wealth.
In the event of death, a surviving spouse or a children receive a lump sum payment. If the insured person is disabled, the policy provides benefits for a permanent disability. Moreover, ICICI Prudential offers insurance for a variety of critical illnesses. Upon maturity, the ICICI Pru Wealth Builder II policy pays a guaranteed maturity benefit, which is a fixed amount. This amount is equal to the guaranteed additions accrued.
Bajaj Allianz life insurance
Bajaj Allianz Life Insurance Company Limited has become the leading private life insurer in India. The firm offers a wide range of insurance covers and customised solutions to meet the needs of customers. It has a strong presence in the online and offline space. In addition to this, the company has entered into a partnership with the Department of Posts to sell its life insurance plans.
A variety of savings and investment products are offered by the firm. These plans are designed to match the lifestyle of modern Indians. For example, the Young Assure Plus Solution plan provides Guaranteed Maturity Benefit and Vested Bonus. Moreover, the policy holder can benefit from a guaranteed Terminal Bonus every ten years.
Bajaj Allianz Life is committed to offering the best possible value to its customers. In the past, the company has been recognized for its ability to deliver on its promises. One of its most recent accomplishments was placing third in the 2019 Most Trusted Brands survey conducted by WPP Plc. and Kantar Millward Brown.
Exide Life insurance
Exide life insurance is one of the best companies in the country. It has a network of over 200 branches across India. Besides, it offers a wide range of policies and plans. From savings plans to health plans and group insurances, Exide Life has it all.
Exide life insurance is a subsidiary of Exide Industries Ltd. Its headquarters are located in Bengaluru, but it has a strong presence in many cities of the country. In fact, it has over 15 lakh customers across the country.
During the fiscal year of 2020-2021, Exide life registered a total premium income of 3,325 crores. This was achieved by generating 112 crores of profits. The company also received the Indian Insurance Award for highest productivity in the country.
Apart from its network of branches, the company offers a range of products through direct sales and corporate agents. As for customer support, the company has a dedicated team that helps customers with policy-related requirements.
To buy a policy, customers can visit the website of the company and fill up the details. They can also pay via DD, credit card, Net Banking or cash. Alternatively, they can contact the customer support team through a branch office or by email.
Kotak life insurance
Kotak Life Insurance Company offers a range of products designed to suit every budget and individual. Its range of insurance policies include term plans, endowment, savings and investment plans.
Kotak Life Insurance Company has a large network of branches across India. This insurance company also has a strong presence in Tamil Nadu. The company is one of the fastest growing insurers in India. They have received several awards including the Outlook Money award for Life Insurance Provider of the Year and Best Customer Engagement Campaign at DMAi Awards 2017.
As of April 2017, Kotak Life Insurance had 250 branch offices spread over 167 cities. In addition, it has a dedicated customer care service that is available 24 hours a day. A customer can contact the company through different instruments like email, telephone, and even a helpline.
Kotak Life Insurance is a 74:26 joint venture between Kotak Mahindra Bank Ltd and Old Mutual plc. Its products include savings and investments, retirement, and pure risk protection plans. These are aimed at serving different segments of the Indian consumer.
Reliance Nippon life insurance
Reliance Nippon Life Insurance in India is an insurance company that offers a wide range of plans to suit different needs. Its portfolio comprises life and savings plans, retirement plans, health plans and child insurance plans.
The insurance company has a very good track record of customer satisfaction. It has a well-developed network of sales offices across India. Moreover, its claim settlement ratio is above 98%. In addition to this, its sales staff have gained considerable attention in the country.
The company has several innovative plans that cater to the needs of customers. One of them is the Super Suraksha plan, which provides protection against unexpected events. This plan also has a low premium.
Another plan is the Super Money Back Plan, which is designed for recurring paybacks. This plan has a very low premium and offers loyalty additions.
There is also the Reliance Lifelong Savings Plan. This plan is a non-linked plan that allows the policyholder to choose the sum assured. Additionally, it offers a maturity benefit as well.
HDFC life insurance
HDF life insurance in India offers protection against the uncertainties of life. The range of insurance plans includes term and investment plans. Invest in a plan that best suits your needs.
To get an HDFC insurance policy, you can fill an application online or offline. To fill an online application, you need to provide some basic information such as your email address and a mobile number. You will also need to submit your last three months’ salary slip.
Alternatively, you can visit a branch and fill a claim form. This is a straightforward process that is easy to follow. After submitting the claim form, you will receive a claim reference number. Upon receipt of the claim, your insurer will dispense the money to your nominee.
Another feature of HDFC Life Insurance is its Click 2 Protect Plan. It provides comprehensive protection against a wide range of critical illnesses. As a bonus, the insurer will waive off future premiums if you suffer from a critical illness. If you are a non-smoker, you will receive a discount.