Online insurance providers in India are popular among people because they provide a lot of benefits. For one thing, you no longer need to visit multiple offices to obtain different policies.
It’s easy for you to sign up and get policies online. This saves you a lot of time and energy. Also, you can easily pay online instead of going to different offices to make payments.
You can also use your debit or credit card when you buy online. There are many ways to save money by buying your policy online. All you need to do is find a good online insurance provider in India.
If you want to purchase policies from an online insurance company, you need to check some factors. This will help you to decide which company to trust and to get the right policy for you.
With the advent of the insurance and health care market in India, there is a huge demand for the quality and reliability of insurance companies in India.
We have compiled a list of the top 5 online insurance providers to meet all your needs in terms of insurance policies, customer service and claims assistance in India.
There are so many insurance providers in the market, but only a few are worth your time. So here is a list of the top 5 best online insurance providers in India that are worth your time.
1. ICICI Lombard
ICICI Lombard is one of the top-rated online insurance providers in India. It was founded in 1961 and has its head office in Mumbai. ICICI Lombard is a financial services provider and provides both online and offline services.
The company offers products for consumers, small businesses, and corporate clients. Its main focus is on providing life and general insurance products, health insurance plans, and retirement plans.
The company operates in the United Kingdom, India, Australia, Europe, and the Middle East.
ICICI Lombard is one of the largest financial services companies in the world. It was founded by the ICICI group. It offers life insurance and pension products. ICICI Lombard has more than 6.8 million customers all over the world.
It is one of the best-performing companies in India and across the globe. Its business has been growing steadily in recent years.
2. HDFC Life
HDFC Life is the only insurance company that provides life insurance plans for the first time buyers. It provides insurance plans for people who buy their first home. This is a very good product for those who want a life insurance policy for their new home.
It offers several kinds of policies, like Home Loan Protection Policy, Personal Accident Cover, Critical Illness Cover, Long Term Care Cover, and others. It has one of the highest cash payout options in India.
Its insurance plans are priced reasonably. You can get insurance for a home loan at a discounted price and get benefits like a waiver of service tax. HDFC Life is one of the best insurance companies in India for its various products and services.
3. LIC Housing
The best online insurance providers in India 2022 is LIC housing. LIC is a public limited company which provides housing loans and insurance products in India. LIC Housing offers the best online insurance solutions for the Indian population. This company has been providing the best and affordable housing loans for years.
LIC Housing is the best choice for the customers who have limited amounts of money to invest in the housing loan sector.
The company is a leader in the market of housing loans. LIC Housing was formed as a subsidiary of LIC. LIC Housing provides the best and best-in-class services with its customer oriented approach.
Their service is free and doesn’t require you to make any payments. If you want to protect yourself and your family against any financial loss that might come your way, this company is the best place to go.
Their services cover more than one hundred different types of financial loss. They provide insurance coverage for housing, life, accident, and health insurance. LIC Housing has a wide network of offices, which can be found around the country.
4. Bajaj Allianz
Bajaj Allianz is a leading insurance company in India. The company was established in 1955. As of 2019, Bajaj Allianz is among the top 10 companies providing automobile insurance in India.
Bajaj Allianz is popular for its affordable insurance rates. For example, Bajaj Allianz offers low-cost car insurance to students. The rates are also very attractive for young drivers. Besides, it provides high-value cars and motorbikes to its customers.
Bajaj Allianz offers insurance plans for two to five years. Most of its packages include third party insurance cover.
As a result, the customer can get third-party coverage if his/her vehicle is involved in an accident with someone else’s vehicle. The minimum coverage is Rs. 1 lakh and the maximum coverage is Rs. 50 lakh.
If you are going for auto insurance, you can use the online option and choose the package according to your requirement. With Bajaj Allianz, you can expect quality service and reliable coverage.
Bajaj Allianz is a private financial service company based in India. It was established in 1986. In 2005, Bajaj Allianz started offering health insurance products.
Today, it offers general insurance products, medical insurance products, hospital insurance, dental insurance, travel insurance, and others. It is the third largest private insurance provider in India.
5. Religare Generali
Religare Generali is one of the best online insurance providers in India. It offers a wide range of insurance products that suit different needs. Some of its products include auto insurance, home insurance, life insurance, etc.
It is a leading player in the insurance industry. It is well known for offering superior customer service. Its staff members are well trained and qualified. They offer quick and reliable services to their customers.
Religare Generali offers a low interest rate on loans. If you are a regular customer of the company, you may receive cash back on your loan.
It was founded in 1875, so it has been around for a long time. Today, it has a network of over 20,000 branches. All these are located in India. This is one of the reasons why it is known as the largest provider of general insurance in India.
So here is the complete list of the Top Online Insurance Providers in India 2022. This is based on my personal experience in dealing with these insurance providers.
The top rated insurance providers mentioned above have been providing me better services and have been providing the best deal in my budget. So, if you are looking for an online insurance provider, these are the best in the market.