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LIFE INSURANCE CORPORATION OF INDIA (LIC) Life Insurance Corporation of India (LIC) is a Government of India enterprise, and is said to be the largest life insurance company and also the largest investor of the country. LIC was founded on the 1st of September, 1956 after the Parliament of India passed the Life Insurance Corporation Act on June 19th, 1956. The objective for this corporation was to spread life insurance more widely, esp. in the rural areas, and reach every insurable person in the country. In tandem with this goal, LIC provides life insurance services at affordable prices to both the rural (and the socially/financially backward segments of the Indian society) and the urban segments. It encourages the lower income group people to save their money by offering attractive savings features along with the regular insurance policies. LIC is headquartered in Mumbai and along with this corporate office, it also has 8 zonal offices, 109 divisional offices, 2048 branch offices and 992 satellite offices located in different towns and cities of India. LIC has touched millions of lives for the past 55 years. Insurance Plans

Chapter-2 Major Players

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Page 1: Chapter-2 Major Players

LIFE INSURANCE CORPORATION OF INDIA (LIC)

Life Insurance Corporation of India (LIC) is a Government of India enterprise, and is said to

be the largest life insurance company and also the largest investor of the country. LIC was

founded on the 1st of September, 1956 after the Parliament of India passed the Life Insurance

Corporation Act on June 19th, 1956. The objective for this corporation was to spread life

insurance more widely, esp. in the rural areas, and reach every insurable person in the

country. In tandem with this goal, LIC provides life insurance services at affordable prices to

both the rural (and the socially/financially backward segments of the Indian society) and the

urban segments. It encourages the lower income group people to save their money by

offering attractive savings features along with the regular insurance policies. LIC is

headquartered in Mumbai and along with this corporate office, it also has 8 zonal offices, 109

divisional offices, 2048 branch offices and 992 satellite offices located in different towns and

cities of India. LIC has touched millions of lives for the past 55 years.

Insurance Plans

Life insurance plans are those that assure the payment of a certain sum to the insured person,

at the plan's maturity, or to the family, in the event of the insured person's death.

Bima Account Plans

These are simple unit linked plans that ensure liquidity for the policy holder, have assured

minimum returns, transparent charges and offer a liberal risk cover as well. There is a Bima

Account I and Bima Account II which have a few differences in the figures but the basic

details remain the same for both.

Endowment Plans

Endowment Plus

Children Plans

Page 2: Chapter-2 Major Players

Jeevan Anurag

Komal Jeevan

CDA Endowment Vesting at 21

CDA Endowment Vesting at 18

Jeevan Kishore

Jeevan Chaya

Marriage Endowment or Educational Annuity Plan

Child Career Plan

Child Future Plan

Plans for Handicapped Dependents

Jeevan Adhar

Jeevan Vishwas

Endowment Assurance Plans

The Endowment Assurance Policy

The Endowment Assurance Policy- Limited Payment

Jeevan Mitra (Double Cover Endowment Plan)

Jeevan Mitra (Triple Cover Endowment Plan)

Jeevan Anand

New Janaraksha Plan

Jeevan Amrit

Plans for High Worth Individual

Jeevan Shree- I

Jeevan Pramukh

Money Back Plans

The Money Back Policy- 20 years

The Money Back Policy- 25 years

Jeevan Surabhi-15 years

Jeevan Surabhi-20 years

Page 3: Chapter-2 Major Players

Jeevan Surabhi-25 years

Bima Bachat

Special Money Back Plan For Women

Jeevan Bharati- I

Whole Life Plans

The Whole Life Policy

The Whole Life Policy- Limited Payment

The Whole Life Policy- Single Premium

Jeevan Anand

Jeevan Tarang

Term Assurance Plans

Two Year Temporary Assurance Plans

The Convertible Term Assurance Policy

Anmol Jeevan- I

Amulya Jeevan- I

Joint Life Plan

Jeevan Saathi

Decreasing Term Assurance To Cover Home Loan Repayment

Mortgage Redemption

Pension Plans

Pension plans are ones that watch the future for you and ensure financial stability through

your old age so that you never have to compromise on the quality of the lifestyle that you

lead.

Pension Plus

Jeevan Nidhi

Page 4: Chapter-2 Major Players

Jeevan Akshay- VI

New Jeevan Dhara- I

New Jeevan Suraksha- I

Unit Plans

Unit plans help you see your savings yield rich benefits and help you save tax even if you

don't have consistent income.

Samridhi Plans

Pension Plus

Endowment Plus

Special plans

LIC's Special Plans are a perfect blend of assurance, savings and a lifetime of happiness!

Golden Jubilee Plan

New Bima Gold

Health Plan

Health Protection Plus

Special Plan

Bima Nivesh 2005

Jeevan Saral

Micro Insurance Plans

Jeevan Madhur

Jeevan Mangal

Group Schemes

Group Insurance Schemes is ideal for employers, associations, societies etc. As they allow

you various types of cover for your employees at really low costs.

Page 5: Chapter-2 Major Players

Group Scheme

Group Term Insurance Schemes

Group Insurance Scheme in lieu of EDLI

Group Gratuity Scheme

Group Super Annuation Scheme

Group Savings Linked Insurance Scheme

Group Leave Encashment Scheme

Group Mortgage Redemption Assurance Scheme

Group Critical Illness Rider

Social Security Scheme

Jana Shree Bima Yojana

Shiksha Sahayog Yojana

Aam Admi Bima Yojana

Contact AddressLife Insurance Corporation of India,

1st floor "Yogakeshema", Jeevan Bima Marg,

Mumbai – 400021

Website: www.licindia.in

Page 6: Chapter-2 Major Players

ICICI PRUDENTIAL LIFE INSURANCE COMPANY

ICICI Prudential Life Insurance Company is a joint venture between ICICI Bank, India's

foremost financial services companies, and Prudential plc, a leading international financial

services group headquartered in the United Kingdom. While ICICI retains 74% stake in the

joint venture, Prudential plc has the remaining 26% stake. ICICI Prudential began its

operations in December 2000. Today, this company has over 1,900 branches (inclusive of

1,074 micro-offices), over 210,000 advisors and 6 branch assurance partners. ICICI

Prudential Life Insurance Company is the first life insurer in India that received a National

Insurer Financial Strength rating of AAA (Ind) from Fitch ratings. ICICI Prudential has been

voted as India's Most Trusted Private Life Insurer for three consecutive years. This company

provides various insurance plans that have been designed for different individuals, as every

individual has different insurance needs. It celebrated its 10th anniversary on 12th December

2010. Given below is a list of plans provided by ICICI Prudential Life Insurance Company:

All ULIPs

Unit linked insurance plans (ULIPs) are a category of goal-based financial solutions that

combine the safety of life insurance protection and long term wealth creation opportunities.

In ULIPs, a part of the premium goes towards providing you with life cover while the

remaining portion is invested in fund(s) which, in turn, are invested in stocks or bonds.

Retirement

Wealth

Child

Health

Life Insurance Plans

Term Plans

Page 7: Chapter-2 Major Players

Term insurance is the simplest and most fundamental insurance product available at

extremely affordable prices. In this type of a policy, an individual pays a fixed amount of

money periodically and in the unfortunate event of death of the policyholder, the entire

amount paid, along with some other benefits and interest, is paid back to the deceased's

family.

ICICI Pru iProtect

ICICI Pru Pure Protect

ICICI Pru LifeGuard

ICICI Pru Home Assure

Wealth Plans

Wealth insurance plans are essentially long term savings plans which are designed to help

you save enough for your long term goals, like owning a house or a car etc, along with

providing you the benefit of life cover and protection for your family.

ULIP Wealth Plans

ICICI Pru LifeStage Wealth II

ICICI Pru Pinnacle II

ICICI Pru LifeTime Premier

ICICI Pru Life Link Wealth SP

ICICI Pru Pinnacle Super

Traditional Wealth plans

ICICI Pru Future Secure

ICICI Pru Guarenteed Savings Insurance Plan

ICICI Pru Whole Life

ICICI Pru Save’n’Protect

ICICI Pru CashBak

Child Plans

Regardless of the rising cost of education in modern times, a parent never compromises on

the expenditure that goes into his/her child's bright career. A saving's plan that is designed to

Page 8: Chapter-2 Major Players

provide money at key educational milestones and take care of your loved ones future even if

you are not around, is a wise decision to make. In this plan, you pay premium periodically, or

in lump sum, and during the key educational milestones of your child, you can withdraw the

money partially.

Traditional Child Plans

ICICI Pru SmartKid Regular Premium

Unit Linked Child Plans

ICICI Pru SmartKid Premier

Health Plans

Predicting unfortunate medical emergencies is difficult. Bearing the expenses of the costly

treatment is not at all easy and therefore, ICICI Prudential has come up with health insurance

plans that insure you and your family against expenses arising due to medical emergencies

and uncertainties such as hospitalisations or onset of critical illnesses.

Hospitalisation Plans

ICICI Pru Health Saver

ICICI Pru Hospital Care II

Critical Illness Plans

ICICI Pru Crisis Cover

Riders

ICICI Prudential gives you the freedom to form your very own comprehensive insurance

policy by adding the rider benefits to the basic life insurance policy. This increases the scope

of your policy, at a nominal cost.

Critical Illness Benefit Rider

Accident & Disability Benefit Rider

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Income Benefit Rider

Waiver of Premium Rider (WOP)

Waiver Of Premium On Critical Illness Rider

Retirement Plans

Financial independence at all times is important but its importance is the most in the post-

retirement phase of life. After being self-dependant for a lifetime, the idea of depending upon

your children can be quite putting off. Retirement plans from ICICI Prudential Life

Insurance, ensure that you have enough flexibility to choose your retirement date and the

manner in which you receive the pension.

ULIP Retirement Plans

ICICI Pru LifeLink Pension Sp

Traditional Retirement Plans

ICICI Pru ForeverLife

ICICI Pru Immediate Annuity

Group Plans

Group Insurance Plans from ICICI Prudential enable the employer to effortlessly provide

his/her employees with both, savings and security, so they can pass on the benefits to their

loved ones.

Retirement Solution

Group Gratuity Plan

Group Leave Encashment Plan

Protection Solution

Annuity Solutions

Group Term Insurance Plans

Group Term in lieu of EDLI Scheme

Credit Assure Utility

Page 10: Chapter-2 Major Players

Rural Plans

ICICI Prudential's rural business initiative has covered more than 2.5 million lives across as

many as 16 states in India. The plans offer Life cover, low and affordable premiums and

hassle free procedure.

ICICI Pru Sarv Jana Suraksha

ICICI Pru Anmol Nivesh

Contact Address

ICICI Pru Life Towers

1089 Appasaheb Marathe Marg

Prabhadevi, Mumbai – 400025

Website: www.iciciprulife.com

Page 11: Chapter-2 Major Players

BIRLA SUN LIFE INSURANCE

Birla Sun Life Insurance Co. Ltd. (BSLI) is a joint venture between Aditya Birla Group, an

Indian multinational corporation, and Sun Life Financial Inc, a leading global insurance

company. Established in 2000, BSLI has contributed to the significant growth and

development of the life insurance industry in India and currently ranks amongst the top 5

private life insurance companies in the country. Birla Sun Life Insurance is distinguished as

the first financial solutions company to introduce 'Business Continuity Plan', the 'Free Look

Period' and 'Unit Linked Life Insurance Plans' in the Indian insurance.

BSLI believes in passion, customer support and commitment. The mission of the company is

to help people with risk management. It also helps in managing the financial situation of

firms as well as individuals. Here is given a comprehensive list of policies and products

offered by BSLI.

Products

Individual Solutions

Wealth With Protection

Besides providing a life cover, these schemes of wealth with protection solutions help the

customer save money by offering flexibility in the plans that are suited to your goals.

Optimizing on investments in capital markets also features in some of the plans.

BSLI Foresight Plan

BSLI Vision Plan

BSLI Rainbow Plan

BSLI Platinum Advantage Plan

BSLI Dream Endowment Plan

Page 12: Chapter-2 Major Players

BSLI Money Back Plus Plan

BSLI Guaranteed Bachat Plan

Bachat Endowment Plan

BSLI Bachat-Money

BSLI Classic Endowment Plan

Protection Solutions

Financial security that comes with a reasonable premium is what BSLI offers to its

customers. Even with riders, viz., accidental death, critical illness rider and waiver of

premium rider, one can get insurance at a nominal cost.

BSLI Term Plan

BSLI Premium Back Term

BSLI High Networth Team

Children's Future Solutions

Any big future expenses such as education and/or marriage of your child are covered by

BSLI's children future solution plans. Life cover along with guaranteed returns on

investments are some of the benefits.

BSLI Classic Child Plan

BSLI Dream Child Plan

BSLI Bachat Child Plan

Health & Wellness Solutions

Quality treatment in case of medical emergencies, insurance for an adequate sum against

major illnesses, family protection against injuries and a choice of a cashless facility are all

part of the health and wellness solutions plan.

BSLI Saral Health Plan

BSLI Health Plan

BSLI Universal Health Plan

Page 13: Chapter-2 Major Players

Retirement Solutions

These plans include four different plans that offer you complete control over your

investments. They aim at providing a whole life cover, financial security at old age and even

a choice of pay term.

BSLI Classic Life Plan

BSLI Dream Life Plan

BSLI Immediate Income Plan

BSLI Secure 58 Plan

Riders

These are additional top-ups that can help you add further value to your existing plans.

Enhancing insurance cover and getting maximum protection in case of death and illness are

part of the plan.

o BSLI Accident Death Rider

o BSLI Accident Death & Dismemberment Rider

o BSLI Term Rider

o BSLI Critical Illness Rider

o BSLI Waiver of Premium

o BSLI Critical Illness Plus

o BSLI Critical Illness Women

o BSLI Surgical Care Rider

o BSLI Hospital Care Rider

o BSLI Accident Death & Disability Rider

Group Solutions

Protection Solutions

This genre offers basic life cover to those who have availed credit from a bank. These

plans are renewable plans on a yearly basis.

o Affinity Solution

o Employer Employee

Retirement Solutions

Page 14: Chapter-2 Major Players

Gratuity liability increases for employers on an annual basis as employees' salaries

increase. BSLI is useful in coping with that financial situation with other groups.

o Gratuity

o Leave Encashment

Riders Plans

Rider plans in this case, help in covering incidents such as accidents and illnesses.

Insuring your life with emergencies of this kind is important.

o Accelerated Critical Illness Premier Rider

o Accelerated Terminal Illness Rider

o Critical Illness Premier Rider

Rural Solutions

This includes a plan which provides a life cover and guaranteed money back at the

time of maturity. There are micro-insurance products that include a pure term and

return of premium.

o BSLI Dhan Sanchay

o BSLI Bhima Suraksha Super

o BSLI Bhima Kavach Yojana

NRI Solutions

Even if you are staying away from the family, this plan can help you fulfill all your

goals and plan everything from your child's education to your retirement.

Contact Address

Birla Sun Life Insurance,

One Indiabulls Center, Tower I,

15th & 16th Floor, Jupiter Mill Compound,

841, Senapati Bapat Marg, Elphinstone Road,

Mumbai-400013

Website: http://insurance.birlasunlife.com

Page 15: Chapter-2 Major Players

BAJAJ ALLIANZ LIFE INSURANCE CO. LTD

Bajaj Allianz provides life insurance, general insurance and consumer finance businesses

services along with a terrific online support. In 2008, this insurance giant entered into a

partnership with Thomas Cook to provide travel finance too. It is one of India's leading and

fastest growing insurance companies. Today, they are connected by technology and

communication with over 200 towns across India, from Surat to Siliguri and Jammu to

Thiruvananthapuram. Bajaj Allianz Life Insurance Co. Ltd. and the Bajaj Allianz General

Insurance Company Ltd. are both joint ventures of Allianz SE, one of the world's largest

insurance companies and Bajaj Finserv Limited.

Bajaj Allianz ensures excellent insurance and investment solutions by offering customized

products, supported by the best technology. The main visions of the company are: to be the

first preference for customers, to be a major employer in the insurance industry and to be the

best insurer for creating a shareholder value. A comprehensive list of policies and products

offered by Bajaj Allianz are listed in the section below.

Life Insurance

Individual Plans

These plans are targeted at people who are looking at protection as well as flexibility in terms

of investments. The pension plans and the women-specific plans are extremely affordable.

Unit Linked Plans

United Linked - Regular Premium Plans

iGainIII

Max Advantage Insurance Plan

Money Secure Advantage Plan

Assured Protection Insurance Plan

Page 16: Chapter-2 Major Players

Smart Insurance Plan III

United Linked - Single Premium Plans

Wealth Insurance Plan

Shield Insurance Plan

Pension Plans

Swarna Vishranti 

Pension Guarantee

Traditional Plans

Traditional Plans - Endowment

Invest Gain

Save Care Economy SP

Life Time Care

Super Saver

Traditional Plans - Money Back

CashRich

Super CashGain

CashGain

ChildGain

Term Plans

Protector

Term Care

New Risk Care II

Plans For Women

Page 17: Chapter-2 Major Players

The Mahila Gain plans cover critical illness benefits, reconstructive surgery benefits for

breast(s) due to breast cancer, congenital disability benefits, complications of pregnancy

benefits etc.

Additional Riders

Bajaj Allianz Family Income Benefit

Bajaj Allianz Comprehensive Accident Protection Benefit

Bajaj Allianz Supplementary Death Benefit

Bajaj Allianz Critical Illness Benefit

Bajaj Allianz Hospital Cash Benefit

Group Plans

These flexible plans offer financial stability to employees or group members and safeguard

the interests of the families.

Non Employer Employee Group Plans

Group Credit Protection Plus

Credit Shield

Group Term Life (Non-Employer Employee)

Group Suraksha

Sarve Shakti Suraksha

Group Loan Protector

Group Income Protection

Employer Employee Group Plans

Group term Life

Group Save Plus

Group Term Life in lieu of EDLI

Group Leave Encashment Scheme

Group Annuity

Group Superannuation Gold

Group Gratuity Gold

Page 18: Chapter-2 Major Players

Group Employee Benefit

Micro Insurance Plans

These plans aim at providing a life cover and maturity benefit equal to the sum assured at the

end of the term. Along with all this, vested bonuses and return of premium on maturity are

added benefits.

Alp Nivesh Yojana

Jana Vikas Yojana

Saral Suraksha Yojana

Car & Two Wheeler Insurance

To protect your movable assets, Bajaj Allianz provides:

Car Insurance

Two Wheeler Insurance

Travel Insurance

The comprehensive plans offered under this genre cater to various needs that can arise during

travel.

Travel Companion

Individual Plan

Family Plan

Senior Citizen Plan (age 61-70)

Travel Elite

Individual Plan

Family Plan

Senior Citizen Plan I (age 61-70)

Senior Citizen Plan II (age 71-75)

Student Travel

Study Companion Plan

Page 19: Chapter-2 Major Players

Student Elite Plan

Scholars Guide & Brilliant Minds

Other Travel Plans

Corporate Travel

Travel Asia

Swadesh Travel

Health Insurance

This group of schemes takes care of hospitalization due to accidents, medical treatment costs

and also allows you to extend your current health insurance cover.

Individual Health Guard

Health Ensure

Extra Care

Family Floater Health Guard

Critical Illness

Star Package

Personal Guard

Tax Gain

Life + Health Insurance

Hospital Cash

Silver Health

Insta Insure

Sankat Mochan

Home & Business Insurance

This package targets home owners who face various risks like appliance and baggage trouble,

fire perils, burglary or theft etc. There are options to choose from and the premium is low.

Corporate

Home and Shop

Page 20: Chapter-2 Major Players

Contact Address

Bajaj Allianz Life Insurance Company Ltd.

GE Plaza, Airport Road,

Yerawada,

Pune - 411006

Phone - 020-30587888

Website: www.bajajallianz.com

Page 21: Chapter-2 Major Players

SBI LIFE INSURANCE CO. LTD

SBI, a leading figure in banking sector, entered the insurance industry as SBI Life Insurance

which is a joint venture between State Bank of India and BNP Paribas assurance-a French

company ranked the 5th largest banking company worldwide. In the year 2005-2006, SBI

Life Insurance became the first insurer to make profit.

SBI Life offers a variety of products designed for various segments of society. These include

individual plans, group plans and health plans. All these products cater to various

requirements of its end users. In 2007-2008, SBI was placed with the global top 5 life

insurance companies with largest number of MDRT members. The products of SBI are listed

below.

Individual Plans

United Linked Investment Plans (ULIP)

These plans offer long term investment and insurance so that you can avail marked linked

returns along with getting insured. There are a range of ULIP products from which you can

select the one according to your risk appetite. These plans, with their extreme transparency

and flexibility, help you achieve your dream at the earliest.

SBI Life - Smart performer

SBI Life - Unit Plus super

SBI Life - Saral Maha Anand

SBI Life - Smart Elite

SBI Life - Smart Scholar

SBI Life - Smart Horizon

SBI Life - Smart Pension

SBI Life - Smart Wealth Assure

Page 22: Chapter-2 Major Players

Child Plans

It is a pleasure to watch your children grow. But it isn't easy to meet your child's financial

requirements unless you plan for them. The child plans at SBI are

SBI Life Scholar II

SBI Life - Smart Scholar

Pension Plans

Financial independence after retirement is a must. Take a look at the following retirement

plans to make sure that you plan for it well in advance.

SBI Lifelong Pension Plus

SBI Life - Smart Pension 

Protection Plans

Protection plans are so called because they provide assured cash benefits to the family of the

insurer in the unfortunate event of his/her demise. The protection plans at SBI are:

SBI Life - Smart Shield

SBI Life - Saral Shield

SBI Life – Swadhan

Saving Plans

These plans help you save up enough, by way of regular premiums, so that you can fulfill

your long term goals as and when required.

SBI Life - Money Back

SBI Life - Sanjeevan Supreme

SBI Life - Subh Nivesh

SBI Life - Saral Life

Group Plans

Corporate SolutionsCorporate solutions include two types of insurance policies. They are

retirement solutions & benefits and group protection plans to cover the employees and their

families from unexpected twists of life.

Page 23: Chapter-2 Major Players

Retirement Solutions

SBI Life - CapAssure Gratuity Scheme

SBI Life - Cap Assure Superannuation Scheme

SBI Life - CapAssure Leave Encashment scheme

SBI Life - Dhanrashi

SBI Life - Swarna Jeevan

SBI Life - Swarna Ganga

SBI Life – CapAssure

Group Protection Plans

SBI Life - Sampoorn Suraksha

SBI Life - Credit guard

SBI Life – Suraksha Plus

Group Term With ROP: SBI Life - Swadhan (Group)

This is a non-participating plan with Return Of Premium (ROP). It is available in easy

premiums and offers benefits of life cover protection in case of death and refund of premium

in case of survival.

Group Loan Protection Products: SBI Life - RiNn Raksha

This plan gives a protective cover for personal loans from 1 to 30 years. Such plans make

sure that your credit is taken care of even if, due to unforeseen events, you fail to meet all the

payments.

Group Savings Protection Products: SBI Life - Nidhi Raksha RP

This is a group protection plan that aids savings and is ideal for those organizations where

employees and their benefits are of utmost importance.

Group Micro Insurance Plans

These plans provide protection to the weaker sections of the society by providing life

insurance at low costs and facilitating refund of the loan premium.

SBI Life - Grameen Shakti

Page 24: Chapter-2 Major Players

SBI Life - Grameen Super Suraksha

Health Plans

With medical expenses going sky-high, it is only logical that you make arrangements for the

rainy days in advance. Staying prepare would include investing in health plans. Health

policies at SBI are:

SBI Life – Group Criti9

SBI Life Hospital Cash

Contact Address

SBI Life Insurance Co. Ltd,

"Natraj",

M.V. Road & Western Express Highway Junction,

Andheri (East), Mumbai - 400 069

Website: www.sbilife.co.in

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HDFC STANDARD LIFE INSURANCE

Established on 14th August 2000, HDFC Standard Life Insurance Co. Ltd. is a joint venture

between Housing Development Finance Corporation Limited (HDFC Limited) -India's

leading housing finance institution - and a Group Company of the Standard Life Plc, UK that

is a world-renowned provider of financial services. HDFC holds about 72.43% of the equity,

Standard Life holds 26% while the rest is held by others. HDFC Life is one of leading private

companies, offering a range of individual and group insurance solutions, in India. They have

adequate financial expertise to manage long-term investments safely and resourcefully.

HDFC Standard Life has about 568 branches and is present in over 700 cities and towns. It

has almost 2,00,000 financial consultants that meet various customer needs such as

protection, pension, savings, investments and health. The company has 32 retail and 4 group

products along with 5 rider benefits. Customizing plans have also been added to make lives

better. Read more to get an idea about the HDFC Life Insurance schemes and policies.

Products

Protection Plans

These schemes are aimed at providing for a death or illness in the family. Financial security

is one of the most important goals in life and HDFC's protection plans give that independence

in case of emergencies. No matter how much you have planned, sudden eventualities like loss

of income or home loan repayments can occur anytime. All you need to do is contribute a

small sum of the money annually to have a long-term plan which can provide for your family

when required.

HDFC Terms Assurance Plan

HDFC Premium Guarantee Plan

HDFC Loan Cover Term Assurance Plan

HDFC Home Loan Protection Plan

Page 26: Chapter-2 Major Players

Children's Plans

Children have several dreams and inspirations and parents seek to fulfill all of them. Securing

your child's future in terms of finances can be achieved by HDFC Life Insurance Children's

Plans. There are traditional plans that offer return on policy in the form of bonus, payable on

maturity or others where return is in the form of growth.

HDFC Children’s Plan

HDFC SL YoungStar Super II

HDFC SL YoungStar Super Premium

Retirement Plans

When incomes start to reduce, retirements plans put them in place! Accumulating and

investing in savings where a lump sum is provided on retirement is the best idea. Regular

income flowing through annuity plans is another one. There are several ways to go about this;

either, a United Linked Plan where you can get vesting benefit or a traditional one where

HDFC takes all the decisions on your behalf over the entire policy term.

HDFC Life ClassicPension Insurance Plan

HDFC Personal Pension Plan

HDFC Immediate Annuity

HDFC SL Pension Maximus

Savings & Investment Plans

If you are the earning member of the family, then their future is dependent on you. The

Savings & Investment Plan assures you lump sum funds for the monthly/annual expenses. It

is also a means of achieving your short-term and long-term financial goals. An adequate

insurance cover is automatically provided in the event of a family member's demise.

HDFC Life Sampoorn Samridhi Insurance Plan

HDFC Endowment Assurance Plan

HDFC SL Crest

HDFC SL ProGrowth Super II

HDFC SL ProGrowth Flexi

HDFC SL ProGrowth Maximiser

HDFC SL New Money Back Plan

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HDFC Single Premium Whole of Life Insurance Plan

HDFC Assurance Plan

HDFC Savings Assurance Plan

Endowment Gain Insurance Plan

ClassicAssure Insurance Plan

Health Plans

Neglecting health due to changes in our lifestyle is common.HDFC Life Insurance covers a

person during times of critical illness and even major surgical procedures. A small premium

of about Rs.3500 annually can provide health insurance of more than 5 lakhs for a period of

20 years. This way, you can have a safe and secure future. The below mentioned plans give

you a fair idea about what you can expect:

HDFC Critical Care Plan

HDFC SurgiCare Plan

Contact Address

HDFC Standard Life Insurance Company Limited

13th Floor, Lodha Excelus,

Apollo Mills Compound, N.M. Joshi Road, Mahalaxmi,

Mumbai - 400 011

Phone - 022-67516666

Website: www.hdfclife.com

Page 28: Chapter-2 Major Players

TATA AIG LIFE INSURANCE COMPANY LIMITED

Tata AIG Life Insurance Company Limited (Tata AIG Life) is a joint venture company which

is formed by Tata Sons and AIA Group Limited. Tata AIG Life merges Tata's incredible

leadership position in India and AIA's presence as the largest, self-governing and listed pan-

Asia life insurance group in the world spanning 15 markets in Asia Pacific. A majority stake

in this merger (i.e., 74%) is held by Tata Sons while AIA holds the remaining 26% through

an AIA Group company. This insurance firm got its license to operate in India on February

12, 2001 and finally started operations on April 1, 2001. Their vision is to be the most trusted

life insurance company that values customers' financial well-being, consistently delivers best-

in-class solutions and is respected by all. Mission statement of Tata AIG Life insurance reads

as, "Enhance our customers' well-being." The following list of policy and plans will give you

an idea of their products and solutions. Browse through them for a better clarity on this topic.

Life Needs Solutions

These solutions seek to provide for all the basic needs that rise during a person's lifetime.

From life cover to health Insurance plans and from child plans to retirement policies, the

plans under this genre cater to every step of your life. Tata AIG also provides wealth plans

that offer more liquidity options and help you in achieving all that is not covered by their

other plans.

Risk Plans

TATA  AIG Life Raksha

TATA  AIG Life LifePlus

TATA  AIG Life Assure LifeLine Plus

Health Plans

TATA  AIG Life Health First

Page 29: Chapter-2 Major Players

TATA  AIG Life Health Protector

TATA  AIG Life Health Investor

TATA  AIG Life Hospi Cashback

Savings Plans

TATA  AIG Life Maha Guarantee Flexi

TATA  AIG Life Maha Guarantee

TATA  AIG Life Assure 10/20/30 years Security & Growth

TATA  AIG Life Assure Golden Years

TATA  AIG Life Assure 21 years Money Saver Plan

TATA  AIG Life ShubhLife

Child Plans

TATA  AIG Life StarKid

TATA  AIG Life Assure Career Builder

TATA  AIG Life Assure Educare

TATA  AIG Life Assure 21 years Money Saver Plan

TATA  AIG Life MahaLife Gold

TATA  AIG Life Assure 10/20/30 years Security & Growth

Retirement Plans

TATA  AIG Life Nirvana

TATA  AIG Life Nirvana Plus

TATA  AIG Life Assure Golden Years

TATA  AIG Life MahaLife Gold

TATA  AIG Life Easy Retire

Wealth Plans

TATA  AIG Life Insurance Swarna Pratigya

TATA  AIG Life Insurance InvestAssure Apex Supreme

TATA  AIG Life Lakshya Supreme

TATA  AIG Life InvestAssure Flexi Supreme

Page 30: Chapter-2 Major Players

TATA  AIG Life InvestAssure Plus Supreme

TATA  AIG Life Insurance United Ujjwal Bhawishya Supreme

Group Insurance

This firm also provides a comprehensive range of group insurance solutions for organisations

so that they can offer protection and security to their employees and the dependent families.

These serve as a tool for increasing employee loyalty along with providing tax benefits.

Employee Benefits

TATA  AIG Life Group Term Life

TATA  AIG Life Group Term Life in lieu of EDLI

TATA  AIG Life Group Health Plus

TATA  AIG Life Group Life Protector Plus

Credit Life

For Credit Cards

TATA  AIG Life Credit Shield Plus

TATA  AIG Life Group Credit Card Term Insurance Protector Plan

For Mortgage Loans/ Personal Loans/ Other Asset categories

TATA  AIG Life Group Single/Regular Premium Mortgage Reducing Term Insurance

Plan

TATA  AIG Life Group/Regular Single Premium Personal Loan Reducing Term

Insurance Protection Plan

TATA  AIG Life Group Total Suraksha

Unique Plans for All Segments

TATA  AIG Life Group Health Plus

TATA  AIG Life Group Life Protector Plus

Group Pensions

Page 31: Chapter-2 Major Players

TATA  AIG Life Comprehensive Gratuity Scheme

TATA  AIG Life Retirement Assure Group Gratuity Scheme (Unit Linked)

TATA  AIG Life Group Immediate Annuity with Return of Purchase Price

TATA  AIG Life Comprehensive Superannuation Scheme Policy

Micro Insurance

Micro Insurance products from Tata AIG Life can help reduce the effects of financial losses

by providing adequate financial cover. These products offer benefits like low premiums,

simple policy terms and no medical examinations.

TATA  AIG Life Navkalyan Yojana

TATA  AIG Life Ayushman Yojana

TATA  AIG Life Sampoorna Bima Yojana

TATA  AIG Life Sumangal Bima Yojana

Contact Address

Tata AIG Life Insurance Company Limited

Delphi - B Wing, 2nd Floor,

Orchard Avenue,

Hiranandani Business Park,

Powai, Mumbai - 400 076

Website: www.tata-aig-life.com

Page 32: Chapter-2 Major Players

MAX NEW YORK LIFE INSURANCE COMPANY LIMITED

Max New York Life Insurance Company Limited is a joint venture between Max India

Limited, which is a one of India's leading multi-business corporate, and New York Life

International, which is a Fortune 100 company & global expert in life insurance. Max New

York Life Insurance started its commercial operations in India in 2001. It is the first life

insurance company in India to be awarded the IS0 9001:2000 certification. The company has

around 133 offices all over the country.

Max New York Life offers a variety of flexible products covering both life and health

insurance including 8 riders that can be customized to over 800 combinations which enable

the customers to choose the policy that suits their needs. Max New York Life also offers 6

products and 7 riders in group insurance business. The company has a plan for every need,

designed as to meet your long term financial goals & aspirations. They help you fulfilling

your dreams & commitments. The list of few plans provided by Max New York Life

Insurance Company Limited is given below:

Protection Plans

Five Yr Renewable & Convertible Plan

Level Term Policy

Children Plans

Children's Endowment to 18 (Par) Plan

Children's Endowment to 24 (Par) Plan

SMART Steps

SMART Steps Plus

Page 33: Chapter-2 Major Players

Investment Plans

Life Maker Premium

Life Maker Gold

Life Maker Platinum

Life Invest

Retirement Plans

SMART Invest Pension

Easy Life Retirement (Par) Plan

Health Plans

Lifeline Medicash

Lifeline Wellness Plus

Lifeline Medicash Plus

Lifeline Safety Net

Savings Plans

Whole Life Participating

Life Gain Plus 25 Participating Plan

20 year Endowment (Par) Plan

Life Pay Money Back Plan

Strategic Products Plans

Bancassurance

1. Capital Builder Plan

Partnership Distribution

1. Max Mangal

2. Capital Builder

Page 34: Chapter-2 Major Players

3. Max Vriksha

4. Max New York Life Unit Builder

Max Amsure

1. Future Builder

2. Business Builder

3. Bonus Builder

4. Secure Returns Builder

Group Plans

Group Credit Life

Unit Linked Group Superannuation Plan

Group Gratuity cum Term Assurance

Group Term Life

Unit Linked Group Gratuity Plan

Employee Deposit Linked Insurance

Max Super Life

Registered Office

Max House

1 Dr. Jha Marg, Okhla

New Delhi – 110020

Website: www.maxnewyorklife.com

Page 35: Chapter-2 Major Players

AVIVA LIFE INSURANCE COMPANY INDIA LTD

Aviva Life Insurance Company India Ltd. is a private insurance company, formed as a joint

venture between the Aviva plc and the Dabur Group of India. Not only largest in the UK,

Aviva is also the fifth largest insurance group in the world and has been associated with India

in various ways since 1834. Partners of the Aviva group include: The Royal Bank of Scotland

since 2002 when the bank was known as ABN-AMRO, Punjab & Sind Bank since 2004 and

DBS, which is Asia's largest financial service group.

Aviva has been responsible for establishing the concept of 'Bancassurance' in India and has

leveraged its global expertise in this area successfully here. The company boasts of 159

branches and 40 bancassurance partnerships, supporting its vast distribution network across

nearly 3000 towns and cities. Aviva offers various products that are meant to provide

customers with flexibility, transparency and value for money. Given here is a complete list of

products and services offered by Aviva Life Insurance India.

Individual Plans

Child Plans

This insurance plan, as the name suggests, is aimed at children. It is an investment to secure

your child's future and important milestones of the young one's education - board exams,

entrance exams and professional courses. They are as follows:

Young Scholar Advantage

Young Scholar Secure

Savings Plans

There are several savings plans that Aviva provides to its customers. Flexibility in meeting

any goals, a traditional plan that guarantees the money you planned for, helps in achieving

investments, family savings and so on. All of them are given below:

Page 36: Chapter-2 Major Players

Freedom Life Advantage

Dhan Vriddhi

Money Back

LifeSaver Advantage

LifeBond Advantage

Dhan Varsha

Sachin Extra Cover Advantage

Retirement Plans

Aviva Insurance has come out with two excellent retirement plans which serve the dual

benefits of pension as well as protection by adding a certain sum assured for the first three

years. They are:

Secure Pension

Pension Builder

Protection Plans

This is typically a plan that revolves around family protection at a nominal and low cost. For

example, if there is a death, the lump sum is given to the nominee within policy term limits.

There is also a way to demand your premium back.

LifeShield Plus

i Life

LifeShield

LifeShield Advantage

LifeShield Platinum

Health Plans

This insurance has a dual function of being a health cum savings plan which also gives your

premium back. A cover on accidents, life, critical illnesses, disabilities, surgery and

hospitalizations are also provided.

Health Plus

Rural Plans

Page 37: Chapter-2 Major Players

This plan insures the future of rural India such as securing your family's future, child's

education, finances and a long-term comprehensive plan with protection cum savings. Some

of them are as given as below:

Amar Suraksha

Jana Suraksha

Grameen Suraksha

Anmol Suraksha

Group Plans

Term

Employees and members of any organization are provided with a life cover that protects the

entire family. Any additional expenses like accidental death or permanent disabilities are also

included in this scheme.

Corporate Life Plus

EDLI (Employee Deposit Linked Insurance)

This plan is a fixed plan that is inserted in place of the EDLI and is targeted at the corporate

industry. This includes compensation to the family for the financial loss suffered due to the

death of an employee. There is a single plan with this concept, namely:

Corporate Shield Plus

Gratuity

Aviva Life Insurance has something called a gratuity plan that comprises of returns with

capital guarantee. All employees are provided with benefits of lump sum amounts and also

tax deductions.

Traditional Group Gratuity Plan

Savings

When you have long term plans, then there is nothing like a savings plan that you can adopt

and save up all the money you can spare for that special dream you have. For this purpose,

Aviva provides a savings plan that covers life and wealth.

Page 38: Chapter-2 Major Players

Aviva Sampoorna Suraksha Bima Yojna

Rural/Credit Protection

This plan covers loan linked liabilities and settles these debts in the unfortunate event of the

policyholder's demise. It lends direct loans to people in rural areas and also to the banks that

provide housing and car loans.

Credit Suraksha

CreditPlus

CreditNet

Contact Address

Aviva Life Insurance Company India Ltd.

Aviva Tower, Sector Road, Opp. Golf Course,

DLF Phase V, Sector 43,

Gurgaon - 122 003

Haryana

Website: www.avivaindia.com

Page 39: Chapter-2 Major Players

KOTAK MAHINDRA OLD MUTUAL LIFE INSURANCE LTD

Founded in 2001, Kotak Mahindra Old Mutual Life Insurance Ltd. is a joint venture between

Kotak Mahindra Bank Ltd. (and its affiliates) and Old Mutual plc, South Africa - while Kotak

Mahindra holds 74%, Old Mutual Life holds the remaining 26% stake in this establishment.

Kotak Mahindra is India's leading financial institution which offers a range of financial

services ranging from commercial banking, stock broking to mutual funds, life insurance and

investment banking. On the other hand, Old Mutual is an international insurance and

investment management company which has its roots in South Africa. It services close to 8

million customer accounts and offers a diverse range of financial services in Dubai,

Mauritius, Singapore, United States and United Kingdom servicing. Kotak Mahindra Old

Mutual Life Insurance Ltd. offers various insurance products in India and is considered one

of the most rapidly growing insurance companies in the country.

Protection Plans

Insurance Protection plans help you secure your loved ones' future against life's uncertainties.

A term life insurance policy is one where the person insured paid a certain premium

periodically and either receives the benefits at the term or, in the event of the assured person's

death, the family gets the benefit. These plans are quite cost-effective as they focus on

providing only life cover and no other returns.

Kotak Saral Suraksha

Kotak e-Term/ e-Preferred Term

Kotak Loan Protection Plan

Kotak Term Plan/ Preferred Term Plan

Kotak Eternal Life Plans

Retirement Plans

Page 40: Chapter-2 Major Players

Retirement Planning ensures that you enjoy the same lifestyle which you are used to and

following the same hobbies and pleasurable activities, even years after your retirement and do

not depend upon your kin for support. A sound pension plan also guarantees the financial

independence of the family in the unfortunate event of the insured's demise.

Kotak Capital Multiplier Plan

Kotak Retirement Income Plan

Savings & Investment Plans

The Savings and Investment Plans work as growth plans that help you maximize wealth

creation. In the recent times, life insurance products have evolved beyond providing just 'risk

protection'. Today, life insurance plans are attractive options for creating wealth - an

investment vehicle that can maximize returns. Such investment plans give you competitive

returns apart from added incentives like bonuses. These growth plans provide the dual

benefits of financial protection as a risk cover and attractive returns over a long term.

Kotak Assured Income Plan

Kotak Platinum

Kotak Single Invest Advantage

Kotak Ace Investment Plan

Kotak Wealth Insurance

Kotak Secure Invest Insurance

Kotak Endowment Plan

Kotak Money Back Plan

Kotak Premium Return Plan

Kotak Surakshit Jeevan

Child Plans

Whether it is to fund an education or a new age career choice or a fairytale wedding or any

other purpose for the well being of your kid through his/her childhood and teenage years, a

child plan policy provides for all the benefits and helps you plan a financially secure future

for your child.

Kotak Headstart Child Assure

Kotak Child Advantage Plan

Page 41: Chapter-2 Major Players

Group Plans

Providing your employees with various group life insurance policies is one way of showing

them that you truly care about them. When your employees are happy and satisfied, they

automatically take pride in working for your organization which, in turn, increases your

organisation's productivity and output. Thus, group life insurance policies not only help you

retain employee but also improve their efficiency and in the long term, boost profits.

Kotak Group Shield

Kotak Group Assure

Kotak Term Grouplan

Kotak Gratuity Group Plan

Kotak Credit-Term Grouplan

Kotak Complete Cover Grouplan

Rural Plans

Kotak Gramin Bima Yojana protects your loved ones against uncertainties and provides you

with guaranteed returns, just like your fixed deposit. The plan allows you to pay a one-time

premium thus saving you the hassle of annual payments and also ensures that you get 1.5

times the actual principle on maturity.

Kotak Gramin Bima Yojana

Riders

These help you customise your policies and enhance your cover, Kotak Life Insurance offers

a set of riders which you may opt for along with your basic policy and shape your policy to

suit your individual needs.

Kotak Term Benefit (KTB)/ Kotak Preferred Term Benefit (KPTB)

Kotak Accidental Death Benefit (ADB)

Kotak Permanent Disability Benefit (PDB)

Kotak Critical Illness Benefit (CIB)

Contact Address

Kotak Mahindra Old Mutual Life Insurance Ltd.

Unit nos. 901 & 902, 9th Floor,

Page 42: Chapter-2 Major Players

Wing A & B, Godrej Coliseum,

Lokmanya Pan Bazar,

Behind Evrard Nagar,

Sion (E), Mumbai-400 022

Website: http://insurance.kotak.com

Page 43: Chapter-2 Major Players

ING VYSYA LIFE INSURANCE COMPANY LIMITED

Established in India in September 2001, ING Vysya Life Insurance Company Limited is a

part of the ING group, a global financial institution of Dutch origin that offers banking,

insurance and asset management to clients across the world. Headquartered in Bangalore,

ING Life India has over 250 branches present in more than 225 cities across India. ING

Vysya Life Insurance Co. has around 7000 employees with over 1 million policy holders

spread across the country. This company marked the entrance of Exide Industries Limited,

India's largest producer of automotive and industrial batteries, into the insurance arena. ING

hold 26% equity in this venture with Exide owning 50% and miscellaneous shareholders

having the remaining 24%.

ING Vysya Life Insurance gives you an opportunity to fulfil your responsibilities towards

your family. Its protection plans provide financial security to you primarily and your family

in your absence. This company also provides special policies, such as Children's Plans,

Retirement Plans, Investment Plans and Savings Plans, which help you secure your future

financially. It also provides Life Insurance, Medical Insurance, General Insurance, Long-

Term Care Insurance, Group Insurance, Company Insurance and Financial Services Insurance

Products.

The mutual funds of ING Vysya Insurance are available with all the company branches,

insurance agents and brokers. This company also offers online premium payment facility for

premium cheque payments and drop boxes are also available at all the branches for the same

purpose. Given here is a comprehensive list of various insurance policies & saving plans

offered by ING Vysya Insurance Company.

Protection Plans

Protection Plans are the term plans wherein the life assured is given an insurance cover and in

the event of the insurer's death, the sum assured is paid to the family. As add-ons to basic

Page 44: Chapter-2 Major Players

death benefit, the insurer can also get some cash back from the premiums that have been paid

after the policy's mid-term.

ING Term Life

ING Term Life Plus

Children Plan

ING Life's Children Plans are designed with the same love and ambition that you have for

your child. The variants under this group insure the parent's and the child's life, the

educational and marital expenses of the child and shift the guarantee to the child after s/he

attains a certain level in life. Double benefits of a life cover along with periodic cash returns

during the term of the policy make these options highly desirable.

ING Aashirvad

Creating Life Child Protection Plan

Creating Life Money Back Plan

Savings Plans

The ING Vysya Life Insurance Savings Plans provide you with the flexibility to save for your

future requirements while you continue to improve your current lifestyle. They also help in

disciplining your savings approach and point your efforts towards the long term goals that

you have in mind.

Reassuring Life Endowment Plan (Reversionary Bonus)

Safal Jeevan Endowment Plan

Safal Jeevan Money Back Plan

ING Creating Star Guaranteed Future

Retirement Plans

Retirement plans provided by ING Vysya Life Insurance, revolve around making a certain

amount of pension available to you throughout your retired life as well as making sizable

monies available to you at a term's end or to you family, in case you are not around.

ING New Best Years

ING Immediate Annuity

Page 45: Chapter-2 Major Players

Investment Plans

Investment Plans appreciate the flexibility required to suit your risk appetite and the

commitments you may want to make. ING Vysya Life Insurance's global expertise in

managing wealth for individuals, at all stages in their life, ensures that they have products to

suit your taste whatever your objective of investing may be and help you reach your goals

faster.

ING Prospering Life SP

ING Market Shield

ING Prospering Life

ING Uttam Jeevan Regular Premium

ING Uttam Jeevan Singular Premium

Powering Life

New Fulfilling Life Plan

Riders

Riders are the optional contracts, which offer additional benefits for policyholders. They are

always attached to a basic policy and cannot be bought separately or independently. Each

Rider has its own premium rate and separate policy conditions.

Accidental Death Rider

Accidental Death, Disability, Dismemberment Rider

Contact Address

ING Vysya House, 5th Floor

22, M.G. Road

Bangalore – 560001

Website: www.inglife.co.in

Page 46: Chapter-2 Major Players

METLIFE INDIA INSURANCE CO. PVT LTD

MetLife India Insurance Co. Pvt. Ltd is a joint venture between MetLife International

Holdings Inc. and its Indian partners including J&K Bank, M. Pallonji and Co, Karnataka

Bank, Karvy Consultants, Geojit Securities, Way2Wealth, Bonanza Insurance (Pvt) Ltd. and

Mini Muthoothu. MetLife is insuring the lives of the people for over 140 years. MetLife

entered Indian insurance sector in 2001 and is now ranked 88th on the "FORTUNE 500

companies" list.

MetLife was the first insurance company which established a financial holding company with

a nationally chartered bank. Forbs magazine named MetLife as 'Best Managed Insurance

Company for 2008'. For the three consecutive years from-2008 to 2010- MetLife found its

place in Fortunes 'Best Admired Companies'. From 1999-2009, for 11 consecutive years, this

insurance company was awarded as one of the "100 Best Companies for Working Mothers"

by 'Working Mother' magazine. Today, when people are faced with financial burdens more

than ever before, MetLife is helping millions of its customers in creating their own personal

safety net by taking insurance plans. The plans provided by MetLife Insurance are listed

below.

Protection Plans

You stay cool when your beloveds are safe. Maintain the cool demeanour and cover yourself

and your beloveds with protection plans. MetLife offers:

Met Suraksha

Met Suraksha TROP

Met Suraksha Plus

Met Mortgage Protector Plus

Savings Plan

Life becomes meaningful when you materialize your dream. A beautiful house, a car or a

comfortable life in general-all these are obvious aspirations of a person. Never let tenuous

Page 47: Chapter-2 Major Players

savings keep you away from your dreams. Take up a savings plan and drive your life as you

wish. Savings plans by MetLife are enlisted here:

Met Sukh

Met Suvidha

Met Saral

Met 100

Investment Plans

Life is ever changing. You go through different phases of life and the needs and requirements

of your family keep changing with time. Investment plans help you reach the best of your

life, always. Investment plans offered by MetLife are given below:

Met Smart Platinum

Met Smart one

Met Easy Super

Child Plans

Children grow fast and their educational requirement grows even faster. Child plans are

designed for those parents who plan the future of their children. The child plans at MetLife

are:

Met Bhavishya

Met Junior Endowment

Met Junior Money Back

Retirement Plans

Pension plans are the key to a happy post-retirement life. To this end, MetLife offers "Met

Pension Par" so that you continue to live your life the way you want to-even after retirement.

Health Plans

People often insure their house, vehicles and properties, invest for their retirement and plan

for the educational requirement of their children but overlook health. Considering health only

when something goes wrong in not a very healthy practice! MetLife offers "Met Health Care"

so that you stay prepared for whatever comes your way with respect to your, and your

family's, health.

Page 48: Chapter-2 Major Players

Rural Plans

The soul of India lives in its villages. And hence, MetLife takes special care for rural people

by way of special plans. Improper financial planning often wrecks havoc for the rural

population. These rural plans are designed to help the villagers live a tension-free life with

profitable investments.

Met Vishwas

Met Suvidha

Met Grameen Ashray

Monthly Income Plan

This is a special plan which is designed to create a monthly income for the policy holders.

This plan ensures guaranteed monthly income on a regular basis. Lumpsum bonus is awarded

at the completion of the term. The monthly plans offered by MetLife are:

Met monthly Income Plan

Met Monthly Income Plan 7 Pay

Group Plans

Met life offers group insurance policies ideal for corporates and other organizations. These

plans are designed to offer maximum benefits to the policy holders.

Met Loan Assure

Met Group Life

Met Flexi shield

Met Group deposit Administration Scheme

Met Group Gratuity

Contact Address

MetLife India Insurance Company Limited

No.5, 'Brigade Seshamahal Vani Vilas Road, Basavangudi

Bangalore - 560 004

Website: www.metlife.co.in

RELIANCE LIFE INSURANCE COMPANY LIMITED

Page 49: Chapter-2 Major Players

Reliance Life Insurance Company Limited comes under the Anil Dhirubhai Ambani Group

(ADAG) which ranks among the top 3 private sector financial services and banking

companies of India. Reliance ventured into the life insurance business in October 2005 by

acquiring AMP Sanmar and in 2009-2010, it became the largest private insurer of India with

largest number of policy count.

RLIC has a huge network of around 1145 branches covering a wide geographical area. It is

one of the ISO 9001:2000 certified life insurance companies of India and has been awarded

the "Jamnalal Bajaj Uchit Vyavahar Puraskar 2007 - Ceritificate of Merit" in the Financial

Services category by Council for Fair Business Practices (CFBP). This company also won the

DL Shah Quality Council of India Commendation award in February 2008. Given below is a

list of policies offered by Reliance Life Insurance Company.

Protection Plans

Being a responsible person is all about insulating your family from financial fluctuations of

the future. Protections plans help you to protect your family even when you are not around.

Protection plans offered by Reliance are:

Reliance Life Insurance Money Multiplier Plan

Reliance Term Plan

Reliance Simple Term Plan

Reliance Special Term Plan

Reliance Credit Guardian Plan

Reliance Special Credit Guardian Plan

Reliance Endowment Plan

Reliance Super Five plus

Reliance Connect 2 Life

Reliance Whole Life Plan

Reliance Cash Flow Plan

Page 50: Chapter-2 Major Players

Reliance Child Plan

It is a parent's duty to ensure an environment which is favorable and conducice for a child's

education and overall development. Child plans at Reliance Insurance help you do just that

by providing for the child's education and other dreams.

Savings & Investment Plans

The urge to fulfill our dreams is the driving force of our lives. In today's expensive world,

fulfilling a dream like owning a home or a car cannot be accomplished without proper

savings and planning. To this end, Reliance offers the following savings and investment

plans:

Reliance Life Insurance Pay Five Plan

Reliance Life Insurance Classic Plan – Limited premium

Reliance Insurance Money Multiplier Plan

Reliance Life Insurance Highest NAV advantage Plan

Reliance Life Insurance Classic Plan

Reliance Cash Flow Plan

Reliance Endowment Plan

Reliance Super Five Plus

Reliance Whole Life Plan

Reliance Connect 2 Life Plan

Health Plans - Reliance Life Care For You

Reliance offers "Reliance Life Care For You" so that you can tackle most of the health issues

that come your way in form of critical illnesses or hospitalization expenses.

Group Plans

being in the employee oriented era that we are in, it is essential for all corporate to make their

employees feel cared for and protected. This is where group insurances come into play and

sReliance, in this genre, offers the following plans:

Employers Liability Solutions

Reliance Life Insurance Group Leave Encashment Plus Plan

Reliance Traditional Group Gratuity Plan

Reliance Life Insurance Group Gratuity Plus Plan

Page 51: Chapter-2 Major Players

Employee Protection Solutions

Reliance Jan Samriddhi Plan

Reliance Group Credit Shield Plan

Reliance Group Term Assurance Plan

Group Term Insurance Plan – EDLI

Additional Riders

Riders are additional benefits provided so that you can have the flexibility of making a plan

that suits you the best. Additional riders provided by Reliance are:

Reliance New Critical Conditions (25) Rider

Reliance New Major Surgical Benefit Rider

Reliance New Term Life with Accident Benefit Rider

Reliance Term Life Insurance Benefit Rider

Reliance Accidental Death & Total And Permanent Disablement Rider

Reliance Critical Conditions (25) Rider

Reliance Major Surgical Benefit Rider

Contact Address

9th floor / 10th floor, 2nd Building

R-Tech Park, Nirlon Compound,

Next to Hub Mall, Behind I-Flex Building,

Goregaon (East),

Mumbai - 460063

___________________________________________________________________________

Source: http://www.iloveindia.com