1.LIC(Life Insurance Corporation of India)
LIC being one of the oldest insurance company , still dominates the market. LIC was formed in 1956 after passing the bill of Life Insurance Corporation Act, by the parliament, in the same year. Over a period of time, LIC has grown leaps and bounds and still continues to dominate. LIC has sold approximately up to 2, 04, 04,281 policies.
Policies & Products from LIC
2.ICICI Prudential Life Insurance
ICICI Prudential life insurance is among the first private companies that began insurance by 2000 December. This is a joint venture between ICICI Bank and ICICI Prudential Life insurance company. The capital of ICICI Prudential Life insurance stands at RS 4,793 Crores as on 31st March 2013. ICICI prudential has sold up to 7,85,938 policies.
All policies and products from ICICI Prudential
3.Reliance Life Insurance
The Reliance Life Insurance is a part of the Reliance group and is a Reliance Capital Company. In terms of net worth, Reliance Capital Company is one among the leading private sector financial services of India and ranks among the top three in the private sector financial services. Reliance Life insurance has sold up to 6,98,109 policies4.Bajaj Allianz Life Insurance
This is a joint venture between Bajaj Finserv Limited and Allianz SE. In the last four yeaBajaj Allianz made a profit of about Rs.180 Crores and made a margin of 100 Crores before tax , which is a remarkable growth. They have made a sale of about 6, 40,483 policies.
5.Birla Sunlife Insurance
This is one among the leading insurance companies in India and is a joint venture between the Aditya Birla Group and Sun Life financial INC, a leading financial corporate service from Canada. They have made a sale of about 5, 89,855 policies.
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