Best Insurance Companies you can go for in India

Top Insurance companies in India

Life Insurance Corporation of India

Life Insurance Corporation (LIC) is the biggest life insurer in India and totally owned by the union government. It specializes in individual life insurance, pension plans, and group insurance plans. It has several subsidiaries including the following:


Life Insurance Corporation of India International
LIC Housing Finance
LIC Nepal
LICHFL Care Homes
LIC Lanka

The organization has in excess of 12 million policyholders and more than 9 lakh agents. Till date it has issued in excess of 120 million policies. A major reason for the organization’s success over the years has been its adaptability. 

It was introduced to computers during 1964 and since then has been utilizing information technology for serving its customers. It is also a rewarding option when it comes to work opportunities, especially for sales agents who are provided training at par with international standards, and a lot of independence for working. In all, the financial prowess of this insurer is yet to be matched.

Tata AIG General Insurance

One of the major reasons behind the growth of Tata AIG General Insurance has been its employees. The organization regards its employees as valuable assets and takes pride in the fact that it has one of the finest workforces in the general insurance industry. 

Tata AIG General is regarded as one of the major names in the general insurance sector of India and has recently won the 5th position among the top companies to work for in the financial services and banking sectors. This was done in a survey done by PeopleStrong, a well known HR consultancy, on behalf of Business Today. In fact, it was the only general insurer to be featured in that survey. 

One of the major reasons why employees loved working at Tata AIG was the growth and career opportunities afforded by the organization followed by the remuneration and other financial benefits.

Bajaj Allianz General Insurance

Bajaj Allianz General Insurance has the backing of Allianz, which is one of the leading insurers of the world and Bajaj, which is among the top motorcycle manufacturers in India. It is a leading name when it comes to property insurance. 

Bajaj Allianz offers a wide range of general insurance products and services through a network that comprises 200 offices across India.

New India Assurance

New India Assurance is one of the leading names in the Indian insurance industry thanks to its pioneering efforts in several areas such as satellite insurance. Yet another reason of its current stature is its presence – it has a substantial amount of offices in India as well as outside the country. 

The skill levels among the employees of the insurer are commendable enough and the organization also has 1068 offices in India that are totally automated. It also enjoys a good capital position and operating performance that have helped it create a strong position in the market. 

At present the organization has also extended its wings outside India with offices in areas such as Japan, Fiji, UK, Australia, and the Middle East.

ICICI Prudential Life Insurance

ICIC Prudential Life Insurance has a big network comprising more than 1900 branches, which includes 1074 micro offices and more than 210,000 advisors. It is one of the earliest life insurers to have received the AAA (Ind) National Financial Strength rating from Fitch. 

For three straight years it has been voted the Most Trusted Private Life Insurer – a testament of its performance and growth over the years.

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