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Life Insurance Plans in Kolkata

In these times, opting for a life insurance policy is not only a sensible but also a responsible step. Apart from securing the financial future of one's family in case of sudden demise or critical illness, life insurance policies also provide long-term investment and tax benefits under the Indian Income Tax Act as well as serve as one's post-retirement funds.

Kolkata, the financial center of eastern India, was the first Indian city to incorporate a life insurance company (Oriental Life Insurance Company, 1818). Though there has been a sharp economic decline since the 90s, the increasing number of life insurance companies in Kolkata play a key role in improving the situation. The squalid situation, dense population and alarming accident rates make life insurance plans imperative for residents of Kolkata.

Top 10 Life Insurance Companies in Kolkata

24 life insurance companies have their operations in India and almost all of them have multiple branches in Kolkata. In fact, a major chunk of eastern India's premium is collected from Kolkata.

  1. LIC offers life insurance policies at any of their 10 offices in Kolkata. Being a public sector entity, the premium rates and the variety of products are aimed at providing the best benefits to customers.

  2. Kotak Life Insurance runs 7 branches in Kolkata including its Corporate Adviser office. Kotak is counted among the top 10 firms in the country in terms of premium paid and policies bought.

  3. SBI Life is the 4th largest insurance firm in the country in terms of premium paid. The phenomenal reach of SBI in India has been instrumental in creating a large customer base for the company. SBI operates 6 branches in Kolkata.

  4. ICICI Prudential is the largest private sector insurance company in India, and has a significant presence in Kolkata through its 6 operational offices.

  5. Max Life operates 6 branches in Kolkata. Max Life is one of the premier life insurance providers in the country, with operations in almost all the major towns and cities in India.

  6. There are 5 Reliance Life offices throughout Kolkata. Reliance Life has a 5% market share in the Indian insurance space, and has a wide base of 124,000 agents to provide speedy services.

  7. Aviva Life Insurance has more than 130 branches in the country, including 4 in Kolkata. A joint venture company between Aviva and Dabur, it is among the top insurance firms operating in Kolkata.

  8. Bajaj Allianz Life Insurance operates 4 offices in Kolkata. Bajaj Allianz has a substantial product portfolio, and provides policies ranging from Child Plans to ULIPs.

  9. HDFC Standard Life Insurance has 3 branches in Kolkata. HDFC is the 3rd largest insurance firm in India. It reaches out to a large and diverse customer base through its partner HDFC Bank, which has numerous branches across the city.

  10. Sahara India Life is the insurance segment of Sahara India. Currently, the company operates 2 branches in Kolkata, and has a comprehensive set of policies designed for various demographics of customers.

Apart from the aforementioned insurance providers, there are other companies that sell a wide range of life insurance plans in Kolkata, which are listed below.

  • Birla Sun Life Insurance, Shriram Life have 2 branches each in Kolkata.
  • Edelweiss Tokio Life Insurance operates 1 branch in Kolkata, which is the main point of contact for other offices in the entire eastern India. DHFL Pramerica Life, Aegon Religare Life, PNB MetLife India Insurance, IDBI Federal Life, Tata AIA Life and Bharti AXA Life also have 1 office each in Kolkata.

Kolkata is a large and densely populated city. Navigating through traffic and dealing with long procedures and extensive paperwork is a troublesome task most potential customers try to avoid. By availing insurance online, customers can save time, money and effort besides availing information on various products in the market to make independent, educated choices.

Life Insurance Kolkata Reviews

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  • HDFC Life Life Insurance
    "Every salary holder must taken this policy"
    0.5 4.0/5 "Great!"
    I have purchased the HDFC accidental policy nearly 4 years before. I have been paying the premium amount of Rs. 80000. I used to make the premium through my credit card and i covert into EMI basis. This is annual payment mode policy. This policy has coverage value of Rs. 15 lakhs and all my member covered in this policy
    Was this review helpful? 0
    , kolkata
    Reviewed on Dec 13, 2018
  • LIC Life Insurance
    "Good policy in LIC"
    0.5 4.5/5 "Excellent!"
    Since its a Government undertaken i have selected Life Insurance corporation of India for my life insurance policy. One of my agent who referred me about the Jeevan Anand policy. I had purchased this policy in 2013. I used to make the premium amount of Rs. 30000 and i have selected the yearly payment mode. The policy will get over by 2033.
    Was this review helpful? 0
    , kolkata
    Reviewed on Dec 13, 2018
  • LIC Life Insurance
    "Good policy to take"
    0.5 4.5/5 "Excellent!"
    2 years back i have taken my life insurance policy. I used to pay the premium amount of Rs. 12000. If any server issue, in online payment, i will make the premium through cheque. I chosen the annual basis payment. I can get the money back after 7 years to my account.
    Was this review helpful? 0
    , kolkata
    Reviewed on Dec 13, 2018
  • LIC Life Insurance
    "Educational purpose policy"
    0.5 4.5/5 "Excellent!"
    Recently i have purchased the money back policy like 2 years ago from LIC. I am paying the premium amount of Rs. 9000 and i used to make the premium through online. Total tenure period of the policy is 15 years. Recommendable policy for every one.
    Was this review helpful? 0
    , kolkata
    Reviewed on Dec 13, 2018
  • LIC Life Insurance
    "Everyone must take this policy"
    0.5 4.5/5 "Excellent!"
    In 2008, i have taken the Jeevan Anand policy from Life Insurance Corporation of India. I making the premium amount of Rs. 41000 and i have chosen the yearly payment mode. Actually i used to make the payment through online. Total tenure period the policy 20 years.
    Was this review helpful? 0
    , kolkata
    Reviewed on Dec 13, 2018
  • HDFC Life Life Insurance
    "Best policy"
    0.5 5.0/5 "Blown Away!"
    I am having a life insurance policy with HDFC LIFE from last 9 years and it is a long term policy. I make my premium payment through online and on yearly basis. I am convenient with the payment options and tenure period for this policy is 15 years. I am happy with the returns and benefits on this policy.
    Was this review helpful? 0
    , kolkata
    Reviewed on Dec 11, 2018
  • LIC Life Insurance
    "Its Good"
    0.5 4.0/5 "Great!"
    I have deposited some amount, I will get the benefits after the maturity period. I have two policies, they have good life coverage and tax benefits. The agent is working fine for the customer queries. I have the policy which has the tenure period of 20 years.
    Was this review helpful? 0
    , kolkata
    Reviewed on Dec 10, 2018
  • LIC Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have been holding my life insurance with Life Insurance corporation of India,i took this insurance long bank , and the agent is my brother , he had explained me clearly and advise me which insurance is good for me and i pay premium on quarterly basis, i use to pay through off line mode.
    Was this review helpful? 0
    , kolkata
    Reviewed on Dec 08, 2018
  • LIC Life Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I am not aware of the name of the policy with the LIFE INSURANCE CORPORATION OF INDIA where i pay the premium for yearly once also i have been using it from last 10 yeas. The policy coverage is for self added on that they provide with the benefits of life coverage till 99 years.
    Was this review helpful? 0
    , kolkata
    Reviewed on Dec 07, 2018
  • LIC Life Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    The name of the policy that i have taken from the LIFE INSURANCE CORPORATION OF INDIA is the MONEY BACK policy where i get the money back for 5 years once added on that the service is very good and i got the bond papers at the beginning on time. It is a good policy.
    Was this review helpful? 0
    , kolkata
    Reviewed on Dec 07, 2018
  • LIC Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I have purchased the life insurance with the LIFE INSURANCE CORPORATION OF INDIA where the service is very good and i have been using it from past 15 years. The premium i have paid 25k for the policy called JEEVAN SURAKSHA. The maturity period is for 20 years.
    Was this review helpful? 0
    , kolkata
    Reviewed on Dec 07, 2018
  • LIC Life Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have taken one life insurance policy with LIC. I am using this service for past one year. The customer service is good, i need to pay premium on annual bases but i dont have idea how much is premium i use to pay and i use to pay through cash only..
    Was this review helpful? 0
    , kolkata
    Reviewed on Nov 18, 2018
  • LIC Life Insurance
    "Good & Future investment"
    0.5 5.0/5 "Blown Away!"
    My experience with LIC is pretty good. The policy coverage and the plan benefits are good and okay.I make the payment directly to the office and am more convenient. It is a long term plan and the premium is Rs.1500 per month, After maturity I will get good return. I have received the hard copy when I have taken the policy.
    Was this review helpful? 0
    , kolkata
    Reviewed on Oct 30, 2018
  • LIC Life Insurance
    "EXCELLENT"
    0.5 5.0/5 "Blown Away!"
    I am holding the policy called JEEVAN SARAL plan with LIC. I am using from last 10 years and the policy coverage is for self. The premium i pay for yearly once through online and also the maturity period is for 25 years for this policy. I am satisfied with this policy.
    Was this review helpful? 1
    , kolkata
    Reviewed on Oct 15, 2018
  • LIC Life Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I took this life insurance from life insurance company, its been always safer side as this insurance company belongs to govt. and i do my payment through on line and the premium per year they charge me is 7 thousand .this policy cover good benefits.
    Was this review helpful? 1
    , kolkata
    Reviewed on Oct 09, 2018
  • LIC Life Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    I have a life insurance policy with LIC from last 7 years and it is a short term policy. I am happy with the returns and benefits of this policy. I pay my premium once in a year through online banking and i am convenient with the payment options. The tenure period for this policy is 10 years.
    Was this review helpful? 1
    , kolkata
    Reviewed on Aug 07, 2018
  • Max Life Insurance
    "Good Service"
    0.5 5.0/5 "Blown Away!"
    I've a life insurance policy with the Max Life. I am premium 30K per year, the tenure 15 years, it offers accidental coverage also. Many of my friends recommended me this policy. So far it has been a very good experience with the policy.
    Was this review helpful? 1
    , kolkata
    Reviewed on Jul 16, 2018
  • LIC Life Insurance
    "Very good service"
    0.5 5.0/5 "Blown Away!"
    I've been using the LIC Money back life insurance policy for a while. I am paying a premium of 2200, I have never faced any issues with the service, I am paying cash payments at the LIC office. The branch staff are also responsive.
    Was this review helpful? 0
    , kolkata
    Reviewed on Jul 05, 2018
  • LIC Life Insurance
    "Very good service"
    0.5 5.0/5 "Blown Away!"
    I've been using the Jeevan Anand policy from the LIC for a while. I am paying the premium of 2000 per year for this policy. Their services are very good and never faced any issues with their services so far. Being a Govt company the security for the investment is certainly their with LIC.
    Was this review helpful? 0
    , kolkata
    Reviewed on Jul 05, 2018
  • LIC Life Insurance
    "Good policy"
    0.5 4.0/5 "Great!"
    I hold a life insurance policy with LIC from last 4-5 years and it is a long term policy. I am satisfied with the coverage and returns of this policy. I pay my premium on annual basis by cash and i am convenient with the payment options. The maturity period for this policy is 18 years.
    Was this review helpful? 0
    , kolkata
    Reviewed on Jun 29, 2018
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