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Best Investment Plans
It is a form of investment which gives you guaranteed returns mentioned while investing along with life coverage.
iSelect Guaranteed Future- iAchieve
You Invest
₹1 Lakh p.a.10 yearsYou GET Tax Free
₹29.1 Lakh20 years
Smart Wealth Plan
You Invest
₹1 Lakh p.a.10 yearsYou GET Tax Free
₹27.3 Lakh20 years
POS Goal Suraksha
You Invest
₹1 Lakh p.a.10 yearsYou GET Tax Free
₹27.1 Lakh20 years
Life Insurance Companies offering Investment Plans In India
With increasing market competition, it is best to research and compare top investment companies in India before investing. When it comes to investment, there are a lot of investment avenues available. The key to building wealth is to invest in companies that offer sizable returns. One such investment option is life insurance which enables investors to choose from various plans based on their risk appetite, investment goal, investment tenure, etc. An investor can choose to invest in various investment plans such as endowment plans, unit-linked insurance plans (ULIP), retirement plans, and money-back plans. Life insurance products offer you a great opportunity to invest while also protecting your and your family’s financial future. You can choose to invest in stock markets with ULIP plans or choose to play it safe by investing in guaranteed plans such as endowment, money back, etc.
There are over 24+ life insurance companies in India that offer comprehensive investment solutions to help policyholders build a secured financial future.
It is not always easy for an investor to find the right investment option that offers great returns on investment whilst balancing the risk component as well. Every investor wants to invest in the best life insurance policy that can help them get maximum returns within a specific tenure at minimal risk. The many benefits of investing in top investment companies in life insurance include protection against life’s uncertainties, guaranteed returns, peace of mind, and saving on income tax as well.
Before investing in any life insurance plan, an investor evaluates the company based on its market performance, customer service, plans offered, type of returns, investment horizon, risk involved, etc. If you are looking to invest in life insurance plans that offer great returns, then here are a few companies and plans you can choose from.
Here is a list of the best life insurance companies offering investment options in India that can help you maximize your savings and create a strong financial future for you and your family.
Life Insurance Companies Investment Plans
PNB Metlife Insurance
Established in the year 2001, PNB Metlife Insurance is one of the leading insurance companies in India offering life insurance solutions for family care, child care, long-term savings, retirement, etc. The company has over 206 million customers who they have helped fulfill their financial and personal goals. With a presence of over 15000+ locations, PNB Metlife offers you complete transparency and end-to-end guidance.
TATA AIA Life Insurance
Tata AIA Life Insurance is a leading life insurance company in India. The company is a joint venture between Tata Sons and AIA Group. On a mission to provide the best health and life insurance solution, the life insurer provides a wide range of plans that enable people to fulfill their dreams and live a financially secure life. The company has protected 68,90,781 families so far and also has a high claim settlement ratio of 98.53%
ICICI Prudential
ICICI Prudential is a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited. The company started its operation in the year 2001, offering term insurance, ULIP, savings, and retirement plans. In 2017, the company became the first life insurer in India to list on NSE and BSE. Keeping customers first, and demonstrating passion, humility, and integrity are the core values of this life insurance company.
Bandhan Life Insurance
Having started its operation in India in the year 2008, Bandhan Life Insurance has emerged as one of the top life insurance providers in the country. The company has launched an array of term insurance, savings, and investment plans that help customers fulfill their financial goals and lead a financially secure life. The company has excellent customer service and a multiple distribution strategy.
Bharti Axa Life Insurance
Headquartered in Mumbai, Bharti Axa Life Insurance is a joint venture between Axa and Bharti Enterprises. The company has 123+ offices in India and offers life insurance plans that help you achieve your goals, create wealth, secure your child's future, and retire early. The company offers an array of savings, investment, and term insurance plans.
Aditya Birla Sun Life Insurance
Aditya Birla Sun Life Insurance is a joint venture between Aditya Birla Group and Sun Financial Inc established in the year 2001. The company has over 600+ branches in over 500+ cities in India. The company has been in the business of protecting a secure future for over 20+ years now. The company offers you a wide range of life insurance solutions in the form of term insurance, critical illness insurance, endowment plans, money-back plans, ULIP, etc.
Aviva Life Insurance Company
Aviva Life Insurance Company is a joint venture between Dabur Group and Aviva. This life insurance company offers plans that help its customers protect what's important to them and enable them to live with confidence. The core values of the company are its commitment to its customers, care, and confidence. In the year 2022, Aviva Life was ranked as India's most trusted life insurance brand.
Bajaj Allianz Life Insurance
Bajaj Allianz Life Insurance is a joint venture between Bajaj Finserv Limited and European Financial Services Company, Allianz SE established in the year 2001. The company helps its customers cater to their life insurance requirements by offering a range of term insurance plans, savings plans, investment plans, ULIP plans, and retirement plans. The company is also involved in the general insurance business offering motor and health insurance.
Star Union Dai-Ichi Life Insurance
Started in the year 2009, Star Union Dai-Ichi Life Insurance is a joint venture between Bank of India and Union Bank of India and Dai-Ichi Life Holdings, a Japan-based life insurance company. The company caters to 9.2 million customers and has over 15,000 network bank branches in India. The company is committed to providing long-term care to its customers for which it offers a varied range of protection plans, savings plans, wealth plans, and child plans.
Reliance Nippon Life Insurance
Reliance Nippon Life Insurance is a leading private life insurance company in India having over 10 million policyholders and a strong distribution network of 713 branches and 46,538 advisors. As per Brand Equity‘s Most Trusted Brands Survey 2018, the company is rated to be among the top 3 most trusted life insurance service brands. With this life insurer, you can choose from various life insurance plans such as term insurance, ULIP, child plan, retirement plan, etc.
LIC Life Insurance
LIC Life Insurance is an Indian public sector insurance company headquartered in Mumbai. The company operates under the ownership of the Ministry of Finance and was established in the year 1956. It is one of the oldest and trusted life insurers in India. Over 245 insurance companies and provident societies were merged to create LIC. The company offers various life insurance plans including money back, pension, ULIPs, etc.
HDFC Life Insurance Company
HDFC Life Insurance Company is a joint venture between Housing Development Financial Corporation Limited and Standard Life Plus established in the year 2000. To cater to various life insurance requirements of the customers, the company offers different types of savings plans, investment plans, child plans, group insurance plans, term insurance, etc.
Best Life Insurance Investment Plans in India
Investment Plan | Plan Type | Entry Age | Maximum Maturity Age | Policy Term | Fund Options |
Axis Max LIFE Assured Wealth Plan | Savings | 91days-65 years | 70 years | 20 years | NA |
Axis Max Life Fast Track Super | ULIP | 18-65 years | 85 years | 5 years | 6 |
Bajaj Allianz Fortune Gain | ULIP | 1-63 years | 70 years | 7-30 years | 7 |
Bajaj Allianz Retire Rich | ULIP Pension Plan | 30-73 years | 80 years | 7-30 years | 3 |
Bajaj Future Gain | ULIP | 1-60 years | 70 years | 10-25 years | 7 |
HDFC Life Click 2 Wealth | ULIP | 0-65 years | 99 years | 10-40 years | 11 |
HDFC Life Pro Growth Plus | ULIP | 0-60 years | 75 years | 10-30 years | 10 |
ICICI Pru Smart Life | ULIP | 20-24 years | 20-64 years | 10-25 years | 8 |
PNB Metlife Money Back | Money Back | 13-55 years | 65 years | 10 years | NA |
TATA AIA Wealth Maxima | ULIP | 30 days-60 years | 100 years | 100 minus age at entry | 11 |
Investment Plan | Plan Type | Entry Age | Maximum Maturity Age | Policy Term | Fund Options |
Axis MAX LIFE Assured Wealth Plan | Savings | 91days-65 years | 70 years | 20 years | NA |
Axis MAX Online savings plan | ULIP | 18-54 years | 85 years | 5-85 years | NA |
Axis MAX Smart Wealth Plans | Savings | 91-65 years | 18-74 years | 16 years | NA |
Bajaj Allianz Fortune Gain | ULIP | 1-63 years | 70 years | 7-30 years | 7 |
Bajaj Allianz Retire Rich | ULIP Pension Plan | 30-73 years | 80 years | 7-30 years | 3 |
Bajaj Future Gain | ULIP | 1-60 years | 70 years | 10-25 years | 7 |
Bajaj POS Goal Suraksha | Savings | 18-55 years | 28-65 years | 10-15 years | NA |
HDFC Click to Invest | ULIP | 0-65 years | 18-75 years | 5-20 years | NA |
HDFC Life Click 2 Wealth | ULIP | 0-65 years | 99 years | 10-40 years | 11 |
HDFC Life Pro Growth Plus | ULIP | 0-60 years | 75 years | 10-30 years | 10 |
HDFC Life Sanchay Fixed Maturity Plan | Savings | 90 days-70 years | 18-90 years | 40 years | NA |
HDFC Life Sanchay Plus | Savings | 5-60 years | 18-71 years | 6-13 years | NA |
HDFC Sanchay Par | Savings | 30 days-60 years | 100 years | 100 years or 25-40 years | NA |
ICICI Guaranteed Income for Tomorrow
|
18-60 years | 18-71 years | 11 years | NA | |
ICICI Pru Smart Life | ULIP | 20-24 years | 20-64 years | 10-25 years | 8 |
ICICI Signature | Savings cum ULIP | 0-60 years | 18-99 years | 10-30 years | NA |
MaxLife Fast Track Super | ULIP | 18-65 years | 85 years | 5 years | 6 |
PNB Guaranteed Future Plan | Endowment | 30 days-60 years | 80 years | 12-35 years | NA |
PNB Metlife Money Back | Money Back | 13-55 years | 65 years | 10 years | NA |
TATA AIA Wealth Maxima | ULIP | 30 days-60 years | 100 years | 100 minus age at entry | 11 |
TATA Fortune Guarantee Plus | Savings | 5-60 years | 65 years | 10 years | NA |
Disclaimer: The list is organized in alphabetical order based on the names of standalone insurers. InsuranceDekho neither endorses, rates nor recommends any specific insurer or insurance product offered by any insurer. The insurance plans included herein represent products offered by our partner insurers. For a comprehensive list of insurers operating in India, please refer to the official website of the Insurance Regulatory and Development Authority of India (IRDAI) at www.irdai.gov.in.
Investment Insurance Companies
- Kotak Life Investment
- Future Generali Investment
- SBI Life Investment
- PNB MetLife Investment
- HDFC Life Investment
- ICICI Prudential Investment
- LIC Investment
- Axis Max Life Investment
- Tata AIA Investment
- Bajaj Allianz Investment
- Bandhan Life Insurance
- Aditya Birla Sun Life Investment
- Bharti AXA Investment
- Edelweiss Tokio Investment
- Pramerica Life Investment
- Canara HSBC Investment
- Reliance Nippon Investment
- Shriram Life Investment
- India First Life Investment
- Sahara Life Investment
- Aviva Life Investment
- Ageas Federal Life Investment
- Star Union Dai-Ichi Investment
Disclaimer: InsuranceDekho does not endorse, rate or recommend any particular insurance company or insurance plan.
FAQ About Investment Companies
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What is the tax benefit I can get on life insurance investment?
Life insurance as an investment offers you tax benefits up to Rs. 1.5 lakh under section 80C of the Income Tax Act, 1961.
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Under ULIP as an investment, which types of funds can I choose to invest in?
With ULIP investment, 50% of the premium paid goes towards insurance coverage, whereas the remaining 50% can be invested in markets in various fund options such as equity funds, debt funds, liquid funds, cash funds, etc. based on your risk capacity.
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Which are the top 3 life insurance investment companies in India?
The top 3 life insurance investment companies in India are LIC, Aegon Life Insurance and Bharti Axa Life Insurance
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When can I start investing in life insurance investment companies in India?
It is best to start investing as early as possible after you cross 18 years of age as the longer you stay invested, the maximum returns you gain.