By investing in a life insurance policy, the insured has to pay a certain amount of money, every month known as a premium, to the company. In the future, if something does happen to him, then the company will then pay this cover to his family and loved ones. This will ensure that they are financially protected, even after the passing of the insured.
However, there are a plethora of life insurance companies to choose from, and they offer a number of insurance plans. You must select a company you can rely on and trust, as you are investing a decent amount of money from your salary every month in the form of premiums that you pay. It is the organization’s duty to hand over that cover to your family in case something unfortunate does happen to you. What is the point of paying monthly premiums if your loved ones aren’t even financially secure after your passing? This isn’t limited to life insurance alone, but to all kinds of insurance policies like travel, property, car, health, among others. There are life insurance policies - which are limited to life insurance alone, whereas general insurance policies will deal with health as well as automobiles.
In order to help you pick the right insurance company, we have enlisted below the best life insurance companies of 2018 in India after taking into account the services, number and types of policies they offer, premium to claim ratio and client satisfaction, among things. The following companies are known to offer the best policies to their customers in all 3 classes, namely – general, life as well as health insurance policies.
- The LIC
- SBI Life Insurance
- ICICI Prudential Life Insurance
- Bajaj Allianz Life Insurance
- TATA AIA Life Insurance
Tags: Life Insurance