Top 10 Life Insurance Companies in India Uncertainties are part of life and can be seen everywhere. There would hardly be any situation where any happenings are sure to be 100% certain. Even the small events around us are riddled with some scepticism. Who will win the IPL, whether it will rain today, what will be today's dinner, etc. these are some of life's regular questions, the answers to which are only predictable and cannot be certain. However, there are some major scenarios where we are forced to anticipate what might happen in the future, and accordingly, safeguard ourselves. One such major safeguard is insurance. It is just another way through which we could try to manage...
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alone. But even before the disruption of COVID-19 came into full swing, 2020 was shaping up to be a turbulent year for insurance. Low interest rates and stagnant growth were just two factors that posed a challenge for leading global players. One year on from that, however, and the forecast isn’t all gloom: in many developing countries, a growing middle class means new opportunities for the insurance industry to thrive. And while optimism for 2021 growth needs to be tempered until we can accurately assess the full impact of the global pandemic, it’s worth noting that several of the companies listed below have been around since the 19 century – evidence of insurance’s staying...
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The insurance industry has been one of the top performers of Malta’s financial sector, and in this article, we look at some of the most prominent insurance companies operating on the islands. Malta has established itself as a leading European centre for insurance services. The industry boasts a solid domestic market comprised of small and medium insurers, as well as a wide range of international insurers, including captives and reinsurers that have been successfully operating in Malta for years. Michael Gatt, Managing Director Atlas Insurance has been one of Malta’s leading insurance organisations since the 1920s. Atlas converted to an independent PCC in 2006, a first for Malta and the...
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What is Life Insurance – A Few Tips on Buying Life Insurance? When considering life insurance, it is helpful to understand just what is Life Insurance. Essentially, life insurance is simply a contract between an insurer and a client, in which the insurer promises to cover a designated beneficiary an amount of money upon the demise of that client. Depending on the contract, death benefits may be paid out to the beneficiary, or an immediate family member such as a spouse or child, depending on what type of contract was agreed upon. In addition, certain events like critical illness or terminal illness may also trigger coverage. If you are looking to purchase a life insurance contract,...
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Top 10 Life Insurance Companies in India Top 10 Life Insurance Companies in India Aviva Life Insurance Company India Ltd Aviva Life was founded in the year 2002. The life insurance company is a joint venture between Aviva Plc and Dabur Group. It is offering various products are fixed term protection plans, endowment plans, child policy, single premium plans, investment, savings, and retirement. Aviva has a balanced distribution network through Assurance, Direct SalesForce, and online products. With more than 121 branches Aviva Life has been offering a wide array of insurance products starting from protection plan to savings and retirement plans. It is one of the top 10 life insurance...
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latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/most-of-top-20-asia-pacific-insurers-post-higher-market-cap-in-q4-20-61965860 content esgSubNav Most of top 20 Asia-Pacific insurers post higher market cap in Q4'20 Eighteen of the 20 largest Asia-Pacific insurers reported higher market capitalization in the quarter ended Dec. 31, 2020, compared with the previous three-month period amid modest economic recovery and buoyant stock markets in the region, according to S...
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Salute the Winners of the 25th Asia Insurance Industry Awards 2021 Cathay Life Insurance Co., Ltd. Cathay Life Insurance has been leading Taiwan’s insurance industry for 60 years. In 2020, the total assets of the company were $275.6bn (as of Q1 2021) and total premium touched $30bn. The life insurer had a total of 27,114 sales personnel. With over 8m policyholders, one in every three Taiwanese is a customer. Cathay Life is the first life insurance company in Asia to adopt the UN Principles for Sustainable Insurance, thus raising the industry’s awareness about ESG. The total assets invested by the insurer amount to over NT$7tn, which accounts for a quarter in the entire life insurance...
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Insurance companies have large assets At the end of 2020, Swedish insurance companies owned financial assets of about SEK 5,600 billion, which is more than Sweden’s GDP Most of the capital – approximately 90 per cent – is managed by life insurance companies, while the rest is managed by non-life insurance companies. The reason why life insurance companies have large assets and that these have grown over a long period is because paid-in premiums are managed and generate returns. The life insurance companies’ assets are mostly related to traditional life insurance, but unit-linked and deposit insurance have increased in recent years. In unit-linked and deposit insurance,...
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State-owned insurance giant Life Insurance Corporation has emerged as the strongest and the tenth most valuable insurance brand globally. According to a report by London-based consultancy firm Brand Finance, the total value of the world's top 100 most valuable insurance brands dipped 6 per cent from $462.4 billion in 2020 to $433.0 billion in 2021. "As predicted, insurance brands have taken a hit this year as they negotiate the fallout from the pandemic - from the near standstill of the global economy and prolonged low interest rates to slowing development across the sector in general. They have, however, fared better than our initial predictions at the outbreak of last year, demonstrating...
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Having a life insurance policy is necessary to create a safety net for your family members and other dependents in case of emergencies. Mumbai, the financial capital of India, boasts a well-established insurance sector. Some of the largest insurance firms in the country are based out of the city. Mumbai records the highest amount of insurance premium collection and highest number of claims made in the country. Top 10 Life Insurance Companies in Mumbai A total of 24 life insurers operate in India. Maharashtra is by far the largest source of insurance premiums in the country. Almost one-third of overall premiums collected in the country were from Maharashtra, a large chunk of which came out...
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