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Insurance - More - August 18, 2019

Best Insurance Companies in India

best _ insurance _ companies _ in _ India

Nothing is permanent in this world, and everything comes for a value we need to secure what we love in the best possible. Some we can buy with time, some with love and affection. All other things require money, whether it is your new car, new house or the new office. So, to make these things worth, you must buy insurance for them. Among all of them, the most valuable in your life, and most of us put our money on different life insurances. Currently, there are a total of 24 life insurance companies all over India. Today we are going to have a discussion on the best life insurance companies where you can invest in wisely.

Life Insurance Corporation of India (LIC):

This is the only government-owned broker that is in the business since 1956. It provides a variety of plans like money back, term insurance, pension, and others. LIC is the favorite of all other brokers. It has the best claim settlement ratio with over 98% that sets it apart from the rest of the brokers.

ICICI Prudential Life Insurance:

It is the first private insurance sector of India which got immense popularity among its clients. They have a claim settlement as high as 96%.

SBI Life Insurance: This is a joint venture SBI which is the largest bank of our and a France based Banking and Financial Service company named BNP Paribas. The company has got the most reliable customer service mechanism, with an impressive settlement rate of 95%.

HDFC Standard Life Insurance:

It is in the third place of top private insurance companies in India if we consider the total volume of business. HDFC Click2 Invest and HDFC Click2 Protect Plus are the two most demanded life insurance products of HDFC Standard Life Insurance that attracts most of the clients. This company also reaches in more than 1000 towns and cities all over India.

Max Life Insurance: It got its recognition in the year 2015 when it won the award for settling most claims in the year. They are also famous for solving all of its customer grievances, which means they answered 100% of them.

Now that you all know about the best of the insurance companies, it will be much easier to get the best plans for you.

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