Let top insurance companies compete for your policy. Top insurance providers include:
Why do I need life insurance?
Nobody wants to leave their relatives unprepared if something unfortunate would happen. Investing a few minutes of your time to request a free quote from leading insurance providers is quick and easy. Here are some of the main benefits of getting life insurance:
- Repay your debts. If you were to die, the insurance will pay any debts you might have.
- Replace lost income. If you are the only one bringing in income for your family, a life insurance policy would provide the security of this monthly income for your family in care you die.
- Pay for your children’s education, using the premium from your policy.
- The life insurance will cover the cost of your funeral and medications.
What do I need to consider when I want to buy life insurance?
When you are looking to buy a life insurance policy, think about the following:
- The duration (or term) of the policy. How long do you want your policy to run for?
- The amount – Here you need to weigh the amount you are willing to invest each month, versus the payout you are expecting to get in case you were to die. If the monthly amount you choose to invest is too small, your family or beneficiaries could struggle. At the same time, you should not pay for coverage which you don’t consider necessary.
Life insurance companies in India
India is a competitive market when it comes to life insurance. Currently, there are 24 life insurance companies in the market: the government-owned Life Insurance Corporation of India, and 23 private life insurance companies. The life insurance industry has been growing very fast and steady since the year 2000, when the market opened up to private insurance companies.
- Life Insurance Corporation of India
- ICICI Prudential Life Insurance
- Tata AIG Life
- Bajaj Allianz Life
- SBI Life Insurance
- Aviva Life Insurance
- Birla Sunlife
- Reliance Life Insurance Company Limited
- India First Life Insurance Company Limited
- Max New York Life Insurance
- Sahara Life Insurance
- HDFC Standard Life
- Kotak Life Insurance
- Metlife India Life Insurance
- Shriram Life Insurance
- Future Generali Life Insurance Co Ltd
- ING Vysya Life Insurance
- AEGON Religare Life Insurance
- IDBI Fortis Life Insurance
- Bharti AXA Life Insurance Co Ltd
- CANARA HSBC Oriental Bank of Commerce Life Insurance
- DLF Pramerica Life Insurance
- Edelweiss Tokyo Life Insurance Company Ltd
- Star Union Dia-ichi Life Insurance Co. Ltd