Life Insurance in Chennai

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  • Unit linked insurance plans (ULIP)
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    Find 3080+ Life Insurance providers in chennai for your family. Sulekha have served with a range of services across banking and top insurance sectors like Life Insurance Corporation of India(LIC), SBI Life, Reliance Life, Bajaj Allianz Life Insurance, Birla Sun Life Insurance, HDFC Standard Life, Tata AIG Life, Kotak Life Insurance, Max Life Insurance, ICICI Prudential Life Insurance. Life Insurance providers at Sulekha have served 355 requests in chennai since last 30 days.

    Best 10 Life Insurance Companies in Chennai

    as on Dec 10, 2018
    Filter Sort by
    1. Ramah Devi - Insurance Advisor 13
      Ramah Devi - Insurance Advisor Madipakkam, Chennai - 600091

      Life Insurance

      +91 44 49851598

      Ramah Devi is an Insurance Advisor based in Chennai, India. She specialises in providing comprehensive personal life insurance plans. We ensure to provide insurance schemes that are customised based on client specifications. Since she started offering her services in 2016, she has catered her cost-effective insurance assistance to a host of satisfied customers. Contact her for your insurance needs. 

    2. MRK Financial Consultant Nanganallur, Chennai - 600061

      Life Insurance

      +91 44 46293589
      No. 3/2, Chitrasu Street, KK Nagar, Nanganallur, Chennai - 600061
    3. Akshya Finco Financial & Estate Planners 6
      Akshya Finco Financial & Estate Planners Mylapore, Chennai - 600004
      16 Reviews 8.6

      Life Insurance

      +91 44 49917982

      Any Insurance,Any company...to avail competitive best quote with quick and reliable services all over India. We are having 20years expertise in this field. Special NRI Financial planning consultation and PMS services. Overseas travel- Instant policy Issuance* Special claim handling team. We treat our clients as our family members, special attention will be given to each and everyone. We will gift you with a pleasant experience.

    4. Immanuel Enterprises Porur, Chennai - 600116
      1 Review 5.6

      Life Insurance

      +91 44 46295141

      We are into the service for past 5 years and we deal with Life Insurance from Life Insurance Corporation of India.

    5. Mala Rangarajan 17
      Mala Rangarajan Triplicane, Chennai - 600005

      Life Insurance

      +91 44 49851041

      I am with LIC for 19 years and a zonal manager's club member. I will provide best services If given me the opportunity .

    6. OM Prakash - Agent Of LIC 1
      OM Prakash - Agent Of LIC Perambur, Chennai - 600011

      Life Insurance

      +91 44 46293166
      Sri Karthikeya Apartment ,A1, No. 14, Chinnaiah New Colony, 1st Main Road, Perambur, Chennai - 600011
    7. Parthasarathy LIC Consultant 540
      Parthasarathy LIC Consultant Porur, Chennai - 600116

      Life Insurance

      +91 44 49851766

      I'm -G Parthasarathy,-consultant for, LIC, Star Health insurance & United India insurance company (health & general insurance)

    8. Venkatesh M 8
      Venkatesh M Alapakkam, Chennai - 600116
      1 Review 5.6

      Life Insurance

      +91 44 49850240


    Latest Customer Reviews for Life Insurance in Chennai

    as on Dec 10, 2018 Average Rating (4) - 36 reviews
    27th Nov, 2018

    Insurance is a must for all Individual, for cover against uncertainties. Mutual Fund investment is needed for all individual for Wealth Creation

    15th Nov, 2018

    His services is very good and excellent explanation

    14th Nov, 2018

    Very quick prompt professional service. Highly recommended.

    8th Nov, 2018

    Excellent service and good knowledge about insurance.

    8th Nov, 2018

    Good Services And Best Plan for Lic

    8th Nov, 2018

    Commitment, attention and follow up all rolled into one, synonymous with dedication, an priceless asset to pristine LIC always

    8th Nov, 2018

    Excellent service coupled wid great knowledge of the various policies on offer.. has the knack of suggesting appropriate policy suiting the individual

    30th Oct, 2018

    Really doing good service in our door step

    • Page 1

    Recent Enquiries for Life Insurance in Chennai

    • Life insurance policy: Child Plans
    • Gender: Male
    • Age: 29
    • Insurance policy for: Son
    • Annual income: 3 - 5 lakhs
    49 days ago
    • Life insurance policy: Unit linked insurance plans (ULIP)
    • Gender: Male
    • Age: 35
    • Insurance policy for: Spouse
    • Annual income: Less than 3 lakhs
    • Insurance brand: Max Bupa Insurance
    60 days ago
    • Life insurance policy: Whole life policy
    • Gender: Male
    • Age: 29
    • Insurance policy for: Self, Spouse, Daughter
    • Annual income: Less than 3 lakhs
    70 days ago
    • Life insurance policy: Term insurance
    • Gender: Male
    • Age: 33
    • Insurance policy for: Parents
    • Annual income: 3 - 5 lakhs
    • Insurance brand: Star Health insurance
    96 days ago

    Recent Bookings in Insurance

    • Life insurance policy: Child Plans
    • Gender: Male
    • Age: 29
    • Insurance policy for: Son
    • Annual income: 3 - 5 lakhs
    48 days ago
    • Life insurance policy: Child Plans
    • Gender: Male
    • Age: 29
    • Insurance policy for: Son
    • Annual income: 3 - 5 lakhs
    48 days ago
    • Life insurance policy: Unit linked insurance plans (ULIP)
    • Gender: Male
    • Age: 35
    • Insurance policy for: Spouse
    • Annual income: Less than 3 lakhs
    • Insurance brand: Max Bupa Insurance
    60 days ago
    • Life insurance policy: Whole life policy
    • Gender: Male
    • Age: 29
    • Insurance policy for: Self, Spouse, Daughter
    • Annual income: Less than 3 lakhs
    70 days ago
    • Different Types of Life Insurance Policy in chennai

      Insurance is highly necessary in the modern world as uncertain risks are on the rise by the day. Insurance is an arrangement between the insurer and the insurance company to provide monetary benefit to the former in the case of contingent, unforeseen instances. A wide spectrum of personal and commercial belongings can be insured by the owner in case of theft, fire, traffic collisions, material damage, third party liabilities, etc.

      Life insurance is a policy between the insured and the insurance provider where the insurer promises to pay a beneficiary a sum of money in exchange for a premium, in the event of death. Life insurance is essential to keep your family protected of all risks and even acts as a good backup plan, if any mishaps were to happen.

      Accident insurance

      In the event of an accidental death, which includes death by vehicular accident, homicide, exposure, etc., the insurance company will pay in addition to the benefits held by the life insurance of the bearer.

      ULIP or Unit Linked Insurance Premium:

      A part of the premium paid by the user is used for his insurance, while the remaining amount of the premium is invested in various debt and equity schemes, hence making it a wise option for the insurer.

      Term Insurance:

      A term insurance plan is implemented with no complicated paperwork and involves paying an affordable premium throughout. The best part about a term insurance is not just the fact that it offers a guaranteed cover to your loved ones, but also provides you with tax exemption. The customer can choose the term of pay up to 40 years.

      Whole life policy:

      Whole life policy is a plan provided by the insurer wherein the policy is guaranteed to remain in force throughout the life of the insured, provided that he/she pays the premium diligently.

      Endowment policy:

      An endowment policy is essentially a life insurance policy which, apart from covering the life of the insured, helps the policyholder save regularly over a specific period of time. At the end of the policy term, he/she is able to get a lump sum amount on the policy maturity in case he/she survives it. Sometimes, the lump sum amount is released even in the case of terminal illness.

      Money back policy:

      Money back policy liquefies the amount released at the end of the policy term where the insured person gets a percentage of sum assured at regular intervals, instead of getting the lump sum amount at the end of the term.

      Pension plans:

      Pension is a fund which takes a part of the employee’s wage during his active years, for the amount to be released after his retirement in the form of monthly releases.

      Child plans:

      Child plans are insurance cum investment plans that help an individual create a corpus for children's future, over a period of the policy term. Upon the maturity of the plan, these plans validate as a lump sum amount which can be used to pay your child's college fees or marriage expenses.

      Keeping these in mind, you can choose a plan that best fits your needs. To find insurance agents around you, scroll up to see our comprehensive list. To assist your search for the best service providers, we also additionally have ratings and reviews from users who have availed the service.

      All you need to know about life insurance

      People insure their cars against any theft or damage, their homes in case, anything goes wrong, but they forget the most valuable thing of all; their lives. It’s comforting to know that we have people around us who love and care for us deeply. But how would they manage if we are no longer around? The death of our loved ones comes with its own challenges. It is important to ensure that in this period of mourning and loss, life continues as comfortably as possible. The void created by the death of the family member is hard to fill but it should not disrupt the financial future of the family. Therefore, it is important to realize the value of life and get a life insurance.

      What is life insurance?

      It is an arrangement between the Insurance Company and the policy holder in which the insurer guarantees compensation for the loss of life in return for the regular payment of a specified premium. In Life Insurance, the name of the beneficiary is mentioned in the contract who gets the specified sum from the insurance company in case of any mishap i.e. Loss of Life.

      What are the key benefits of life insurance?

      1. Risk Coverage:Insurance offers risk coverage to the insurance holder and his family in form of monetary compensation.
      2. Different plans for different uses:Insurance firms offer different types of plans to the insurance holders depending on their need for insurance. Higher is the premium, greater will be the benefits.
      3. Cover for Health Expenses: The insurance policies may also cover hospitalization expenses and some critical illness treatments.
      4. Promotes Savings: Some insurance policies come with saving plans i.e. the insurer invests the money in profitable ventures.
      5. Guaranteed Income:  There is a guaranteed sum assured amount in the insurance policy which is payable at the time of completion of the policy tenure or if the death of the insurance holder occurs.
      6. Loan Facility: Insurance holder can borrow a certain amount of money from the insurer. This option is available only on selected policies.  
      7. Tax Benefits: Insurance holder can get tax benefits under the section 80C of the income tax Act, 1961.

      What are the different types of life insurance?

      There are many types of life insurance policies that can aid you in meeting needs of different life stages:

      1. Term life insurance: Insurance holder gets coverage for a tenure which you choose by yourself. These policies can be availed by people who find it hard to pay lump sum money.
      2. Whole life insurance: This policy covers the insurance holder for entire life.
      3. Endowment policy: Risk is covered for a definite period and at the end of the policy tenure, the sum assured along with the accumulated bonus is given to the policyholder.
      4. Money back policy: This insurance policy repays the survival benefits periodically.
      5. Savings & investment plans: It helps in investments to make your money grow.
      6. Retirement plans: It is a retirement plan. You can make your retirement corpus according to your risk and after completion of the specified period, a certain amount of money is paid to the beneficiary in the form of pension, annually, half-yearly or monthly.
      7. Unit Linked Insurance Plans (ULIPs): A part of this investment goes in providing life cover whereas the residual portion is invested in bonds or stocks.
      8. Child insurance policy: These life insurance plans are designed to meet the rising education and other needs of children. A child plan provides a lump sum amount on the event of death of the policyholder, but the insurance plan doesn’t end. All the future premiums are waived off and insurer continues investing money on behalf of the policyholder. The child gets the amount at specified tenure as per the plan.

      Best Life Insurance Plans

      Life Insurance PlansPolicy TermSum AssuredAge (Min-Max)
      Aegon Life iTerm Plan5 - 4010 Lakhs / NA18 - 75
      Aviva I-Life Plan10 - 3525 Lakhs / NA18 - 55
      Bajaj Allianz iSecure10 - 3020 Lakhs / NA18 - 70
      Bharti AXA eProtect10 - 3025 Lakhs / NA18 - 75
      HDFC Click2Protect Plus10 - 3010 Lakhs / 10 Cr18 - 65
      HDFC Life Sanchay15 - 251,05,673 / NA30 - 45
      HDFC SL Crest10 - 107 or 10 * Annual Pre / 20 * Annual Pre14 - 55
      ICICI Pru iProtect10 - 303 Lakhs / NA20 - 75
      Kotak Life Preferred e-Term10 - 4025 Lakhs / NA18 - 75
      LIC AmulyaJeevan5 - 3525 Lakhs / NA18 - 60
      LIC New Jeevan Anand15 - 501 Lakhs / NA18 - 50
      LIC Term Plan10 - 3550 Lakhs / NA18 - 75
      Max Life Online Term Plan10 - 3525 Lakhs / 100 Cr18 - 70
      SBI eShield Plan5 - 3020 Lakhs / NA18 - 70
      SBI Shubh Nivesh Plan5 - 3075,000 / NA18 - 60

      What are the different life insurance claims?

      Life insurance claims are classified as below:

      Death Claims: In case of the death claim, the beneficiary needs to submit following documents:

      • A filled claim form
      • Original policy bond or contract
      • An original or certified copy of the insurance holder’s death certificate
      • Proof of identity as the beneficiary

      Maturity Claim: In order to avail the maturity benefits of the life insurance, you need to submit the following to the insurer

      • Original policy bond
      • Maturity claim form 

      What are the top 10 insurance companies?

      • Life Insurance Corporation of India
      • ICICI Prudential life insurance
      • SBI Life insurance
      • HDFC standard life insurance
      • Max Life Insurance
      • Bajaj Allianz Life Insurance
      • Birla Sun Life Insurance
      • Reliance Life Insurance
      • Tata AIA Life Insurance
      • PNB Metlife India Insurance

      What are the documents required while buying a life insurance policy?

      The life insurance companies will ask for the following documents before issuing you insurance policy:

      • Income documents
        • Last 3 months salary slips
        • Income Tax Returns of last 2-3 years
        • Latest 6 months Bank Statement with salary entries in last 3 months
        • CA certificate in case of Businessmen
        • Latest Form 16 
      • Address Proof
        • Bank Statement or Passbook with latest entries for 6 months
        • Credit Card statement  less than 3 months old
        • Driving License with address mentioned
        • Electricity / Telephone / Water / Gas bill (less than 3 months old)
        • Leave & License agreement
        • Passport
        • Ration Card
        • Voter ID card
        • Aadhar Card
      • ID Proof
        • PAN Card
        • Passport
        • Aadhar Card
        • Voter Id card
      • Age Proof
        • Aadhar Card
        • Voter Id card
        • Ration card
        • PAN Card
        • Passport
        • Marriage certificate
        • Birth certificate
        • Driving License
        • School/College leaving certificate

      What are the factors that affect the premium of a life insurance?

      The factors that affect the premium of a life insurance are:

      • Age: If you’re young policy holder then the rates will be lower in comparison to someone older. Since the possibility of a young person having a life threatening disease or to pass away in his youth is very unlikely.
      • Gender: Insurance companies believe that there is a different life expectancy for different genders. As per the statistical findings, women are believed to live 5 years more than men. Therefore affecting the premium they pay for their policy.
      • Smoking: Smoking puts the insurance holders at higher risk of ailments, so if you’re a smoker then you have to pay a premium twice as much as any non - smoker does, thus affecting the premium to a great extent.
      • Medical history:  If a policyholder has some medical history of serious illnesses like cancer, heart diseases or any other, then they are susceptible to get them from a hereditary perspective which increases their premium by a larger margin.
      • Health records:  The health records ensure that you don’t have any chronic diseases or potential health issues, thus, keeping your premium also in check.
      • Drinking: Drinking is injurious to health in many ways. As a policyholder, if you are a heavy consumer of alcohol then you have to give high premium.
      • The Policy: The type of insurance policy can also affect the premium. The longer the tenure of the policy, the larger will be the benefit at the time of death, as you will pay it for that period of time.
      • Profession: Your profession also plays a vital role in the premium you need to pay. If the policyholder has a risky profession then premium will be high.
      • Lifestyles choices: Many insurer take higher premiums from the people who love to take risks like climbing treacherous mountains, speeding cars or other high risk activities.
      • Obesity: Obesity is another factor which can affect your premium as a policyholder. Since obese individuals are prone to a number of health problems like high blood pressure, stroke, coronary heart disease, Osteoarthritis and cancer, in the future, this increases their premium.

      What are insurance riders?

      These are additional benefits which you can get along with your current life insurance policy at affordable rates. They are valuable tools that help you in expanding your life insurance coverage. There are different types of riders like:

      • Waiver of premium: This life insurance policy stays active even if you are unable to pay the premiums with the continuation of the policy benefits.
      • Critical illness: Under this rider, the policy holder pays an extra amount to get themselves covered, in case they are diagnosed with any of the critical ailments mentioned in the document. This rider acts like an income replacement plan where the amount received under the rider can be used for both medical and household expenses.
      • Accidental death rider: All the life insurance policies cover accidental death. The accidental death rider ensures that the beneficiary gets double the sum assured in case of accidental death of the policy holder.
      • Permanent & partial disability: It is helpful if the policy holder becomes temporarily or permanently disabled due to an accident. The insurer gives a certain sum assured for the next five or ten years and all the future premiums on the insurance policy are waived off.
      • Income benefit rider: This rider offers a regular source of income to the family members in case of the demise or disability of the insurance holder.

      What is the process of insurance claim settlement after the death of policy holder?

      In case of the death of the policy holder, the beneficiary is required to send claim intimation form to the insurer as soon as possible. Claim intimation must contain details like Date, Place, and Cause of Death. On successful submission of the claim intimation form, the insurance company will ask you for some additional information such as:

      1. Certificate of Death
      2. Copy of Insurance Policy
      3. Legal Evidence of title if the insured has not appointed a beneficiary
      4. Deeds of assignment

      After successful submission of all the above documents, the insurer will verify the claim and settle the same.