Life insurance is a form of insurance that pays a sum of money to the insured person upon their death, in exchange for payments made by the insured person to the insurer. The importance of life insurance can't be overstated. It's important to have life insurance because it provides peace of mind and financial stability in case something happens to the insured person. The main reason why people get life insurance is that it provides financial stability for their loved ones.
The Indian life insurance sector is growing at a rapid pace. But what are the best online alternatives to Life Insurance? There are many life insurance alternatives to buy a life insurance policy. Each company has its advantages and disadvantages. So before buying a life insurance policy check each company’s benefits, features, claim settlement ratios, and other parameters to get the best life insurance policy.
IndiaFirst Life Insurance is one of the best life insurance companies in India. IndiaFirst Life Insurance offers a variety of products to customers who are looking for affordable life insurance policies. But what if you want to compare IndiaFirst Life Insurance online alternatives? This article will help you find the best online alternatives to IndiaFirst Life Insurance so that you can make an informed decision about which company to choose. Before diving into the topic let’s see what IndiaFirst life insurance is and how does it work?
IndiaFirst Life Insurance
IndiaFirst Life Insurance Company Limited is one of the youngest life insurance companies in India. It is a joint venture between Union Bank of India, Bank of Baroda, and Carmel Point India Investments India Private Limited. It’s Headquartered in Mumbai, IndiaFirst Life Insurance Company Limited is the fastest growing life insurance company in India. IndiaFirst Life Insurance Company provides a wide range of life insurance products. Their extensive knowledge makes their customers meet their requirements and are also satisfied by their services.
| Foundation |
2009 |
| Claim Settlement Ratio |
96.81% |
| Solvency Ratio |
1.81 |
| Number of Branches |
4800 |
| Plans |
Term Plans, Child Plans, ULIP Plans, Savings Plans, Investment Plans, Retirement Plans |
| Benefits & Features |
High Coverage At Low Premiums, Multiple Payout Options, Excellent Customer Service, Availability of Excellent Riders, Return Of Premium, Tax Benefits |
Get a Quote
Why Consider IndiaFirst Life Insurance Alternatives?
Comparing IndiaFirst Life Insurance Alternatives are not just about getting the best insurance policy for your needs. It is more about getting the best for your loved ones too. IndiaFirst Life Insurance Company offers a wide range of products for consumers, but it's important to know that there are other options out there for you to consider. A comparison of the IndiaFirst Life Insurance alternative will help you make a decision. There are many reasons why you should consider IndiaFirst Life Insurance alternatives. Here are some of the reasons why consider IndiaFirst Life Insurance Alternatives are
- For better & affordable rates.
- For better benefits and features
- For a wide range of life insurance plans
- For an excellent customer service support system, etc.
Best IndiaFirst Life Insurance Online Alternatives
The best IndiaFirst Life Insurance Online Alternatives are those that provide the same coverage as IndiaFirst Life Insurance but have better customer service and cheaper premiums. But finding the best IndiaFirst Life Insurance alternatives is not always an easy task. There are many things to consider, such as your needs and budget. If you're looking for the best life insurance policy, make sure to compare your options by visiting PolicyBachat.com. We've got your back with a variety of policies and rates that can help you save time and money.
This article is a complete guide to finding the best IndiaFirst Life Insurance online alternative. It will help you find the best company for your needs, and it will also provide you with some of the most important details about what to look for when you're comparing plans. To help you find the best IndiaFirst Life Insurance alternatives for your needs, we've compiled a list of some of the top companies that offer life insurance policies.
The Top 10 IndiaFirst Life Insurance Online Alternatives
Here is a list of the top 10 competitors or alternatives to IndiaFirst Life Insurance online
#1 Exide Life Insurance
Exide Life Insurance is one of the Top 10 Most trusted companies in India. It was formerly known as ING Vysya Life Insurance Company. It is a non-government and commercial life insurance company headquartered in Bengaluru. The Exide Insurance Company is owned by Exide Industries Limited and serves over 15 lakh customers. The Company is focused on providing long-term protection and savings solution plans and has a strong traditional product portfolio with a consistent bonus track record in the insurance sector. The company steps beyond life insurance and provides need-based life insurance solutions.
Foundation: 2000
Claim Settlement Ratio: 98.54%
Solvency Ratio: 2.24
Number of Branches:200+
Get a Quote
Benefits & Features:
- Wide Range of Products
- Affordable Premiums
- Customized Premium Payment Options
- Incredible Claim Settlement Ratio
- Customer-Friendly Procedures
- Excellent customer service
- Tax Benefits
Plans Available:
- Term Plans
- Child Plans
- Retirement Plans
- Savings Plans
- Investment Plans
- Health Plans
- Rider Plans
#2 Kotak Mahindra Life Insurance
Kotak Mahindra Life insurance company limited is one of the best and fastest-growing insurance companies in India. It is a joint venture between Kotak Mahindra Bank Limited and Old Mutual Limited, a pan African investment, savings insurance, and banking group operating. It provides an extensive range of financial products to meet both corporate and individual investment needs. Kotak life insurance secures your future and makes sure that all your investments keep giving you profitable returns. Kotak Life Insurance Company provides a wide range of affordable Life Insurance Policies.
Foundation: 2001
Claim Settlement Ratio: 98.50%
Solvency Ratio: 2.90
Number of Branches:232
Get a Quote
Benefits & Features:
- Wide Range of Products
- High Coverage At Low Premiums
- Easy Policy issuance
- Award Winning Services
- Long-Term Coverage
- Tax Benefits
Plans Available:
- Term Plans
- Child Plans
- Savings and Investment Plans
- Protection Plans
- Retirement Plans
- ULIP Plans
- Health Plans
#3 Reliance Nippon Life Insurance
Reliance Nippon Life Insurance Company Limited is one of India's leading private sector life insurance companies. Reliance Nippon Life Insurance Company is an important part of Reliance Capital and it is a private-sector financial services and Non-banking Company. Reliance Capital has diversified businesses in insurance of all kinds, asset management, mutual funds, commercial finance, and other financial services. Reliance Life has a huge variety of life insurance plans that offers tailor-made plans as per the customers’ requirements.
Foundation: 2001
Claim Settlement Ratio: 98.49%
Solvency Ratio: 2.45
Number of Branches:713
Get a Quote
Benefits & Features:
- Affordable Premiums
- Multiple Premium Payment Frequencies
- Excellent Customer Services
- Multiple Add-On Covers
- Wide Range of Products
- Tax Benefits
- Customized Protection
Plans Available:
- Term Plans
- Savings Plans
- Retirement Plans
- ULIP Plans
- Health Plans
- Group Plans
#4 PNB MetLife Insurance
PNB MetLife India Insurance Company Limited is one of the major life insurers in India. PNB MetLife is a collaboration between MetLife International Holdings Inc., Punjab National Bank Limited, Jammu and Kashmir Bank Limited, M.Pallonji and Company Private Limited, and other private investors. This company offers a wide range of products for protection and retirement. It is a one-step solution toward a safe future for you and your loved ones.
Foundation: 2001
Claim Settlement Ratio: 98.17%
Solvency Ratio: 1.90
Number of Branches:117
Get a Quote
Benefits & Features:
- Affordable Premiums
- Maximum Sum Assured
- Excellent Customer Services
- Multiple Add-On Covers
- Wide Range of Products
- Return of Premiums
- Flexible Tenure
- Tax Benefits
Plans Available:
- Family Protection Plans
- Online Plans
- Long-Term Plans
- Child Education Plans
- Retirement Plans
- Health Insurance Plan
- Group Plans
#5 Aditya Birla Sun Life Insurance
Aditya Birla Sun Life Insurance Company is a joint venture between Aditya Birla Group and Sun Life Financial Inc. The company offers a wide range of life insurance products to suit the needs of different customers. It is one of India's largest and most trusted life insurance providers in India. Aditya Birla Sun Life Insurance Company was well known for its product innovations as per customers’ needs and commitment to customer services.
Foundation: 2001
Claim Settlement Ratio: 98.04%
Solvency Ratio: 1.80
Number of Branches:340
Get a Quote
Benefits & Features:
- Excellent Customer Service
- Easy And Hassle-Free Claim Settlement
- Flexibility in Premium Payment
- Tax Benefits
- Long-Term Coverage
- Affordable Premiums
- Easy Policy Issuance
Plans Available:
- Term Plans
- Retirement Plans
- Health Plans
- Child Plans
- ULIP Plans
- Savings Plans
#6 Tata AIA Life Insurance
Tata AIA Life Insurance Company is one of the fastest-growing leading insurers in the Indian private sector. Tata AIA Life Insurance Company Limited is a joint venture between Tata Sons and AIA Group Ltd. Tata Sons holds a stake of 74% in the company and AIA holds 26%. It is accomplished by offering customized life, health, and group insurance solutions to individuals, families, and a group of people.
Foundation: 2000
Claim Settlement Ratio: 98.02%
Solvency Ratio: 2.04
Number of Branches:216
Get a Quote
Benefits & Features:
- Wide Range of Products
- Trusted Brand
- Excellent Claim Settlement Ratio
- Affordable Insurance Plans
- Excellent Customer Services
- Flexible Payment Options
Plans Available:
- Term Plans
- ULIP Plans
- Retirement Plans
- Savings Plans
- Group Plans
- Combo Plans
#7 Aviva Life Insurance
Aviva Life Insurance Company Limited India is a joint venture between Dabur Invest Corporation and Aviva PLC UK-based Insurance Group. It is one of India’s oldest and most respected insurance companies to fulfill policyholder certain needs. The main purpose of Aviva Life Insurance Company is to give simple and useful policies that achieve customer life goals. Aviva life insurance company’s gained experience in this field over centuries in offering comprehensive insurance solutions.
Foundation: 2002
Claim Settlement Ratio: 98.01%
Solvency Ratio: 2.24
Number of Branches:790
Get a Quote
Benefits & Features:
- Tax Benefits
- Wealth Creation
- Life-Long Coverage
- Investment Option
- Good Customer Support
- Easy Claim Settlement
- Death Benefits
Plans Available:
- Term Insurance Plans
- Retirement Plans
- Child Plans
- Savings Plans
- Group Plans
#8 ICICI Prudential Life Insurance
ICICI Prudential life insurance company is a leading international financial services group headquartered in the UK. ICICI Prudential Life Insurance Company has consistently been the top company in the Indian Life Insurance Sector. It is a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited. The company aims to provide cost-effective products, good supervision of assets and funds under its management, and a hassle-free claim settlement experience for its valued customers.
Foundation: 2001
Claim Settlement Ratio: 97.90%
Solvency Ratio: 2.17
Number of Branches:514
Get a Quote
Benefits & Features:
- Wide Range of Products
- Affordable Plans
- Excellent Claim Settlement
- Multiple Payout Options
- Excellent Customer Service
- Long-Term Coverage
- Tax Benefits
Plans Available:
- Term Plans
- Health Plans
- ULIP Plans
- Traditional Savings/Money Back Plans
- Retirement Plans
- Group Plans
- Rural Plans
- Rider Plans
#9 Canara HSBC OBC Life Insurance
The Canara HSBC OBC life insurance company is a joint venture between Canara Bank, HSBC Asia Pacific Holdings Limited, and Punjab National Bank. The company brings the trust and market knowledge together of two big public sector banks in India namely Canara Bank and Punjab National Bank combined with the global insurance expertise of HSBC. Canara HSBC OBC Life Insurance is the first to launch 'Immediate Pay-outs on Death Claim' under unit-linked policies so that the family of the life insured will receive the fund value immediately on registration of the death claim.
Foundation: 2008
Claim Settlement Ratio: 97.10%
Solvency Ratio: 3.27
Number of Branches:2251
Get a Quote
Benefits & Features:
- Financial Protection
- Easy Policy Issuance
- Tax Benefits
- Excellent Customer Service
- Hassle-free claim settlement
- Flexibility in Payment Options
Plans Available:
- Term Plans
- ULIP Insurance Plans
- Child Plans
- Retirement Plans
- Savings Plans
- Health Plans
- Group Plans
#10 Edelweiss Tokio Life Insurance
Edelweiss Tokio Life Insurance Company is a joint venture between Edelweiss Financial Services and Tokio Marine Holdings Inc. Edelweiss Tokio Life Insurance Company offers comprehensive protection life insurance plans to help you to coverage for your life. The company helps you to create a secure and bright future for yourself and your loved ones. Edelweiss Tokio Life Insurance provides amazing services. Also, it has many attractive plans for different types of customers to choose from as per their requirements.
Foundation: 2011
Claim Settlement Ratio: 97.01%
Solvency Ratio: 2.15
Number of Branches:116
Get a Quote
Benefits & Features:
- Customizable Plans
- Simple Claims Process
- Complete Transparency
- Investment Option
- Tax Benefits
- Long-Term Coverage
- Affordable Premiums
Plans Available:
- Term Plans
- Investment Plans
- Health Plans
- Retirement Plans
- Group Plans
- Micro Plans
Conclusion & Key Takeaways
Choosing the best life insurance online alternative can be a tedious task. There are many options available in the market, and each one of them has its advantages and disadvantages. You can choose from various companies that provide cheaper rates on life insurance policies. The best IndiaFirst Life Insurance alternatives can provide you with peace of mind and a sense of security. There are many alternatives to IndiaFirst life insurance. Compare top insurers with PolicyBachat which offers a wide range of coverage options so that you can find the perfect plan that best suits your needs. So, compare life insurance quotes and grab the best life insurance policy.