Top 5 Best Insurance Company In India 2018
A person saved a considerable amount of money from his middle wages every month to pay the premium for his insurance policy. Given that he is the only breadwinner in the family, he considered buying a life insurance policy with a good sum of money so that his family can be kept financially safe if something is unfortunate with him. One day, there is something disturbing and Bradwin does not happen anymore. After much effort and emotional upheaval, the family starts again. They recall that they have an insurance policy that they should give a good amount to count. They contact the insurance company but it is known that their claim payment process is not very cordial.
Top 5 Best Insurance Company In India
- Life Insurance Corporation of India (LIC)
- ICICI Prudential Life Insurance
- SBI Life Insurance
- HDFC Standard Life Insurance
- Max Life Insurance
#1. Life Insurance Corporation of India (LIC)
LIC is the oldest and most trusted brand in India’s best life insurance company. Established in 1956, it is a government owned enterprise which is a huge and diversified of life insurance products like endowment plans, money back plans, term assurance plans, pension plans, unit-linked plans, children’s plans, group schemes, Provides diversity. Plans and many more The company is a preferred choice for the best claim settlement ratio of more than 98% among millions of Indians.
#2. ICICI Prudential Life Insurance
The first private player in India’s insurance sector, ICICI Prudential has a good popularity among its customers. The company provides a series of policies in line with the needs of all types of insurance companies, and claim settlement ratio of more than 96% claims claim. ICICI Prudential Wealth Builder II has been its most admirable life insurance product during the last financial year.
#3. SBI Life Insurance
Joint venture between State Bank of India, the largest bank in our country and French-based banking and financial services company BNP Paribas is the largest and the third most trusted insurance company in India. Offering various types of life insurance products, its customer service system is the strongest. Claim settlement ratio of more than 95% is quite impressive. The most demanded schemes offered by the company are two schemes of ‘SBI Life Simple Pension’ and ‘SBI Life Shubh Nivesh’.
#4. HDFC Standard Life Insurance
In relation to the total amount of business, the company is the third in the list of India’s top private insurance companies. HDFC Click 2 Investments and HDFC Click 2 Protect Plus are two notable and most demanded life insurance products of HDFC Standard Life Insurance. It is best known for resolving your Healthy Claim Settlement Ratio and the percentage of customer complaints. Apart from this, marketing of its products using HDFC Bank Channel, this company has access to it in almost 1000 towns and cities of India.
#5. Max Life Insurance
Accredited (Yes! 100% of them), Max Life Insurance (Life Insurance) was awarded for resolving most of the claims in 2015, to solve all their customer complaints. Overall, the claim settlement ratio is close to 97%, the best broker in India, among all private insurance, reaches its customer base through more than 200 branches, agents and networks of insurance (insurance) and banking partners. One of the most popular word plans of Max Life Insurance is the scheme under which it provides life cover of Rs. 1 crore per day at 21 rupees.