Top 10 Insurance Companies in India 2016

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The insurance industry is one of the biggest money-spinning industries in India, with millions of people insuring their lives, health, homes etc against any tragedy or calamity. Over the years, insurance companies have established a stronghold for themselves providing customized services to individuals as per their requirements. The top insurance companies in India are Life Insurance Corporation (LIC), ICICI Prudential Life Insurance, SBI Life Insurance, HDFC Life Insurance and Bajaj Allianz Life Insurance. The other Indian insurance brands include Max Life Insurance, Birla SunLife Insurance, Oriental Life Insurance, Kotak Life Insurance and Aviva Life Insurance. Here is the list of the top 10 insurance companies in India 2016.

10. Aviva India Life Insurance

Aviva India Life Insurance is an Indian company which is one of the leading insurance companies present in India.

Image: company logo

It is formed by the joint venture between Aviva Group which is an Insurance group based in UK and Dabur Invest Corp which is one of the India’s most respected and oldest business houses. It was headquartered in Gurgaon and came into existence in the year 2002, and since then has been a pioneer in the industry.

Aviva has multi-channel distribution network through Direct Sales Force, Assurance and Online channels. It has a strong sales force which includes more than 9000 financial planning advisors and many Bancassurance partnerships with banks like IndusInd Bank, DBS Bank and RBS. It has total of 121 branches spread across India.

Aviva has product offerings both for Individuals and Groups which includes Child, Savings, Protection, Retirement, Rural, Health and Term Plans.

Aviva is also focussed towards its online platform which includes products like Aviva Health Secure, Aviva i-Shield, Aviva i-Life and Aviva i-Growth. Their strategy is to focus on new formats which are easy to understand by the customers.

Aviva also focus on its promotion of brands and products through its advertisements featuring Sachin Tendulkar who is the brand ambassador.

Aviva is socially working towards educating the underprivileged children under the programme named Street to School where it collaborates with NGO’s to work for the cause. Aviva also conducts Great Wall of Education in different cities each year which collects books for the underprivileged children and has reached to more than 550000 children.

Income (in INR '000)= 2522966

Net Profit (in INR '000)= 1854936

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