Insurance

Top 10 Insurance company in India||Top 10 insurance company||Best insurance company||Insurance|| | Jabar Post Indonesia

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Top 10 Insurance company in India||Top 10 insurance company||Best insurance company||Insurance|| | Jabar Post Indonesia

An advertising poster for a Dutch insurance company from c. 1900–1918 depicts an armoured knight.

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Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.

An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter. A person or entity who buys insurance is known as an insured or as a policyholder. The insurance transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer’s promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms, and usually involves something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship.

The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insurer will compensate the insured. The amount of money charged by the insurer to the Policyholder for the coverage set forth in the insurance policy is called the premium. If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a claims adjuster. The insurer may hedge its own risk by taking out reinsurance, whereby another insurance company agrees to carry some of the risk, especially if the primary insurer deems the risk too large for it to carry.



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1) LIC Insurance Corporation Of India

LIC Insurance Corporation Of India is one of the best life insurance companies in India.

LIC basically stands for ‘Life Insurance Corporation’. 

LIC Insurance Corporation Of India is the oldest insurance company that provides a life insurance policy.

This company was basically founded in the year 1956. LIC Insurance Corporation Of India provides an offline life insurance policy. LIC Insurance Company

LIC Insurance Corporation sell many different products such as endowment plans, money back plans, term assurance plans, pension plans, children plans, group schemes, special plans, unit-linked plans, etc.
Claim settlement ratio of life insurance policy of this company is 98.31%. That is 7,42,243 claims have been paid by this life insurance company till present.

2) ICICI Prudential Life Insurance
ICICI company is basically promoted by ICICI bank Prudential Corporation Holdings Limited. ICICI Prudential Life Insurance is the second best life insurance companies in India which is in the list of top life insurance companies in India 2019.

ICICI Prudential Life Insurance was established in the year 2001. From then it has been serving life insurance company.

Claim Settlement Ratio of ICICI Prudential Life Insurance is 96.68%. That is 11,546 claims have been paid by this life insurance company till present.

3) SBI Life Insurance
SBI Life Insurance is the third top life insurance company in India in 2019. This life insurance company is classified as one of the best life insurance companies in India by IRDA( Insurance Regulatory and Development Authority of India).

SBI Life Insurance Company is basically a joint venture between India’s largest bank State Bank of India and the leading global insurance company BNP Paribas Cardif.

Full-form of SBI is ‘State Bank OF India’.

This life insurance company is one of the best life insurance company in India.

SBI Life Insurance Company has claim settlement ratio of 96.69%. That is 13,303 claims have been paid by this life insurance company till present

4) HDFC Standard Life Insurance
HDFC Standard Life Insurance company ranks at the fourth top life insurance company in India 2019.  

Full-form of HDFC is “Housing Development Finance Corporation”.

HDFC Life is a leading long-term life insurance solutions supplier in India, offering a scope of individual and group insurance solutions that meet different customer needs, for example, Protection, Pension, Savings, Investment, and Health.

HDFC Standard Life Insurance is a renowned joint venture between HDFC Ltd. and Standard Life Aberdeen.

Claim settlement ratio of HDFC Standard Life Insurance is 97.62%. That means 11,031 claims have been settled by this life insurance company till present.

5) Max Life Insurance
Max Life Insurance company ranks at the fifth top life insurance company in India 2019. Max Life Insurance company offers one of the best life insurance plans in India.

Max Life Insurance company offers very low premium and one of the best life securing a policy that is why it is listed in top insurance companies in India 2019.

Claim settlement ratio of Max Life Insurance Company is 97.81%. That is 8,804 claims have been settled by this life insurance company till present

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