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Life Insurance Companies

Life can be unpredictable, but your future plans don’t have to be. Opting for a reliable life insurance plan to ensure the safety of your loved ones is a necessity in today’s time. With Jio Insurance Broking, you get to choose from a long list of insurance companies offering coverage that is designed to meet your requirements seamlessly.

Let us first start with understanding the different types of life insurance plans offered by life insurance companies in India.

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Types of Policies Offered by Life Insurance Companies

When you are applying for a life insurance policy, you must be well aware that different types of policies suit different requirements. Take a look:
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A term plan offers life coverage that can be for as little as 5 years or as many as 50 years or more. In case the insured outlives the policy term, nothing is payable, and the policy comes to an end. Did you know that term insurance is the cheapest form of life insurance?

Life Insurance Companies In India

Let us now take a look at the leading life insurance companies in India:
1

Life Insurance Corporation of India

LIC is one of the most trusted names in the country. The company was introduced in India in 1818, and over the years, it has created a loyal customer base.

Claim Settlement Ratio (2022-23):

98.52%

2

Aditya Birla Sun Life Insurance Company

Aditya Birla Sun Life Insurance Company is known for its comprehensive and affordable life insurance plans. ABSL, founded on 4th August 2000, has achieved several milestones like becoming the largest private life insurance company in 2000.

Claim Settlement Ratio (2022-23):

98.40%

3

Bajaj Allianz Life Insurance Company

Bajaj Allianz Life Insurance was introduced as a joint venture of Bajaj Finserv Ltd and Allianz SE in 2001. They promise to offer innovation and a seamless experience in each product.

Claim Settlement Ratio (2022-23):

99.23%.

4

Edelweiss Tokio Life Insurance Company

Edelweiss Tokio Life Insurance Company was founded in 2011 as a joint venture of Edelweiss Financial Services Ltd and Tokio Marine Holdings Inc. Their life insurance plans are cost-effective, comprehensive and customer-centric.

Claim Settlement Ratio (2022-23):

99.23%

5

Future Generali India Life Insurance Company

Future Generali India Life Insurance Company was started in 2006 and today has 1300+ owned and partnership locations around the country.

Claim Settlement Ratio (2022-23):

96.08%

6

HDFC Standard Life Insurance Company

HDFC Standard Life Insurance Company has over two decades of legacy in offering a wide range of life insurance. On October 14, 2022, Exide Life Insurance Company merged with HDFC Life Insurance Company.

Claim Settlement Ratio (2022-23):

99.50%.

In Conclusion

Choosing a life insurance plan is a crucial life decision. You want a plan that offers comprehensive coverage at affordable premiums. In such a scenario, Jio Insurance Broking can be a smart move. The easy-to-use portal allows you to compare policies, their features, premiums and coverage all under one roof.

Frequently asked questions (FAQs)

Life insurance is a type of contract between the insurance company and the insured individual. In exchange for the premium, the insurer covers the life of the individual. In case the insured passes away, the appointed nominee receives the sum assured.

There are different types of life insurance plans that you can explore, such as term insurance, endowment plans, ULIPs, pension plans, etc.

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Jio Insurance Broking Ltd

Jio Insurance Broking Limited
IRDAI License No: 347,
Direct Broker (Life & General),
Valid upto: 11/03/2028
(Renewable)

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Email Id
customer.care@jioinsure.in
CIN

U67200MH2006PLC165651

Registered office address

1st Floor, Building - 4NA, Maker Maxity, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra - 400051

Discount is offered by the insurance company as approved by IRDAI for the product under file & use guidelines.

Insurance is a subject matter of the solicitation. For more details on policy terms, conditions, exclusions, limitations, please refer/read policy brochure carefully before concluding sale.

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