Life Insurance Companies in India

Creating awareness on Pure Term Insurance & Early Retirement Plan

Life Insurance companies exists to secure your family’s welfare. One of the top priority in your financial plan should be to buy a term insurance policy when you are healthy.

Chandra Life is an initiative to spread awareness about pure term insurance & early retirement plan with guaranteed income. Message Venkat for financial consulting.

Small Consulting Fee – (91) 9384716268

Disclaimer- I would appreciate if you avail my consulting services before taking purchase decision. Mere information alone may not be sufficiant when you are planning to invest a huge yearly premium. Further, the data may not be accurate as I am human but I try to update consistently. So, kindly do your own due deligence.

Life Insurance Companies India

1.Tata AIA

Tata AIA Life Insurance Company Limited (Tata AIA Life  Insurance) is a joint venture between AIA Group Ltd. and  Tata Sons Pvt Ltd. 

TATA AIA Sampoorna Raksha Supreme

TATA AIA Param Rakshakaran

TATA AIA Fortune Guarantee Plus

What should you know about Tata AIA?

TATA AIA Claim Settlement Ratio – 98.53%* (FY 2021-22)

13th month persistency ratio (based on premium) of the company has improved to 87.75%

Seamless customer onboarding experience.

Easy telemedical examination reports.

2.HDFC Life

HDFC Life is a joint venture between Housing Development Finance Corporation Limited (HDFC), India’s leading housing finance institution and Standard Life plc, the leading provider of financial services in the United Kingdom.

HDFC Life Click 2 Protect Life

HDFC Life Click 2 Protect Super

QuickProtect by HDFC Life

What should you know about HDFC Life?

HDFC Life Claim Settlement Ratio – 98.66 %* (FY 2021-22)

Superbrand for the 8th time in row.

Assets under management – 2,04,170 Crs In FY 21-22

372 branches across India.

3.Canara HSBC Life Insurance

Canara HSBC Life Insurance Company Limited is a joint venture between Canara Bank (51 per cent), HSBC Insurance (Asia Pacific) Holdings Limited (26 per cent) and Punjab National Bank (23 per cent).

iSelect Smart360 Term Plan

POS – Easy Bima Plan

What should you know about Canara HSBC Life?

Canara HSBC Claim Settlement Ratio – 98.57%* (FY 2021-22)

Great place to work certified – 2022-23.

Assets under management – Rs.25,000 Crores.

10000 + Partner Bank Branches.

4.Max Life Life Insurance

Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited.

Max Life Smart Secure Plus Plan

Max Life Smart Term Plan

What should you know about Max Life?

Max Life Claim Settlement Ratio – 99.34%* (FY 2021-22)

₹1,174,515 Cr. Sum Assured (FY 2021-22).

Assets under management – ₹1,07,510 Cr. (FY 2021-22)

269 Offices across India

5.SBI Life Insurance

SBI Life is a joint venture between State Bank of India (SBI) and French financial institution BNP Paribas Cardif. SBI has a 55.50% stake in the company & BNP Paribas Cardif owns a 0.22% stake. Value Line Pte. Ltd. and MacRitchie Investments Pte. Ltd., holds 1.95% stake each.

Foreign institutional investors holding approx 24% share in SBI Life. 12% is free float stake with public investors.

SBI Life eShield Next.

Max Life Smart Term Plan.

What should you know about SBI Life?

SBI Life Claim Settlement Ratio – 94.52%

Founding Year – March 2001.

Assets under management – `2,826.3 billion. (FY 2021-22)

970 Branches across India

6.LIC India

Life Insurance Corporation of India (LIC) is an Indian central public sector undertaking headquartered in Mumbai, Maharashtra, India.

LIC Jeevan Amar Term Plan

What should you know about LIC India?

LIC India Claim Settlement Ratio – 98.62%

Founding Year – 1956.

Ranked 98th on the 2022 Fortune Global 500 list with a revenue of ₹775,283 crore (US$97 billion).

2048 Branches across India.

Message Venkat – (91)9384716268

ChandraLife is a personal project dedicated to my Father Shri.Chanrasekaran