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Life Insurance in Mumbai

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    Find 9400+ Life Insurance providers in mumbai 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 mumbai since last 30 days.

    Best 10 Life Insurance Companies in Mumbai

    as on Oct 19, 2018
    Filter Sort by
    1. Atharva Investment & Financial Services 7
      Atharva Investment & Financial Services Mahim West, Mumbai - 400016
      5.3

      Life Insurance

      +91 22 33486386
      Shop No. 4, Horizon Kakad Industries, LJ Road, Mahim West, Mumbai - 400016
    2. Money Manage Financial Services 6
      Money Manage Financial Services Mira Road, Mumbai - 401107
      7 Reviews 5.5

      Life Insurance

      +91 22 33486210

      Money Manage Financial Services is a leading service provider with 6 years of experience in the industry. Your need is our commitment, we guarantee efficient service and satisfaction to our clients. We are happy to have you as a valued client. At Money Manage Financial Services we provide all personal security for life by giving u life term plan,Children's are emotional part of life ....where we feel to all happiness in Child's life with joy and happiness.... we help you to secure your child future....by way of Good education plan... Today we don't have pension in Private sectors....we help you to secure your pension ....We help you chase your dreams and give to good investment plans ....Guaranteed and secured. Term plan.... Child plan.... Education plan.... Retirement plan .... Investment plan... Health plan.... Mediclaim plan... Pure investment plan.....

    3. Unique Insurance 1
      Unique Insurance Vasai West, Mumbai - 401202

      Life Insurance

      +91 22 33487355

      Unique Insurance is a Mumbai-based insurance agency that focuses on offering hassle-free insurance solutions for clients in the region. We specialise in providing customised life insurance, health insurance and corporate group insurance plans. Our personalised insurance assistance is sought out by numerous clients from different walks of life. Contact us for any queries.

    4. Parag Associates Vidyavihar, Mumbai - 400077
      4.5

      Life Insurance

      +91 22 33486895

      Welcome to the world of investment. We, Oswal Investments are an emerging investment firm and have developed a strong clientele base in the last 6 years. We are proud to present you with our investment services. We are an investment consultant firm with authorized agents for LIC, Mutual Funds, Reliance Life, Non-life Insurance, Equities & Derivatives. We Oswal Investments believe in personalized service & are committed to serving our clients with the entire gamut of investment products in order to maximize clients’ portfolio & returns, while reducing risks with right investment strategies. We assure you YOUR MONEY GETS ITS FULL VALUE.

    5. M.K. Insurance Chembur, Mumbai - 400074
      6.0

      Life Insurance

      +91 22 33512039

      M.K. Insurance has massive experience in this business. We deal with Life Insurance. Bringing the best of value to our customers, we also care as much about our customers. We look forward to your business and hope you would give us a chance to serve. Contact us for further details.

    6. SC Advisors 6
      SC Advisors Charni Road, Mumbai - 400004
      7.7

      Life Insurance

      +91 22 33487247

      SC-Advisors is a One Stop Solution for Tax Savings, Investments, Loans and Insurance Solution. Stay Invested & Complied

    7. Rachel Joseph Life Insurance Advisor 17
      Rachel Joseph Life Insurance Advisor Dombivali West, Mumbai - 421202
      6.2

      Life Insurance

      +91 22 33488783

      My name is Mrs. Rachel Joseph. I was working as Project Officer ina deputed rural development consultancy organisation for more than 33 years. \ftee the retirement I joined Life Insurance Corporation of India as insurance Adviser. In LIC Ip submitted more than 500 policies up-to on various plans of LIC. I am able to handle the work independently as I know the plans in details. My objectives are to get more and more clients to cover. the plans of LIC.

    8. Amol Shashikant Chavan Borivali East, Mumbai - 400066
      6.8

      Life Insurance

      +91 22 49431448

      Insurance Advisor since past 20 years. My aim to provide service to my customers with their needs. Specialisation in Pension Plans, Term Policies, Educational, child Policies and Assets Value, Mediclaims, etc.  

    9. Sushama Amberkar 6
      Sushama Amberkar Dadar West, Mumbai - 400028
      6.7

      Life Insurance

      +91 22 49430616

      I m Zonal Manager Club Members from last 5 yrs. Now Winner of d Club of 25 lac n above instalment in 1 month members.

    10. Pritam Vyas 3
      Pritam Vyas Goregaon East, Mumbai - 400063
      4.8

      Life Insurance

      +91 22 49430126

      Service From Last 17 Years. I am pritam Vyas Insurance and saving consultant .

    Latest Customer Reviews for Life Insurance in Mumbai

    as on Oct 19, 2018 Average Rating (4) - 34 reviews
    18th Apr, 2018

    nice services by shashwat LIC

    1
    22nd Feb, 2018

    very charming always very co operative particularly whenever any client is in problem

    0
    15th May, 2017

    From SBI Life Insurance Co. Ltd.., i have taken a life insurance policy.documentation charges was very low when compared to other company.interest was feasible rate.staff member guided me in all means.the person came to my home and collected all the documents which saves my time and energy.i am satisfied by their service

    0
    13th May, 2017

    Availed Medi claim from this insurance company. The service is friendly and beneficial to the Medi claim holders and it helps us to cover my medical expenses in monthly basis and they reimburse the amount quickly in few days.

    1
    13th May, 2017

    Really glad to get Life Insurance from this Life Insurance Corporation of India.As I was planning to get Life Insurance I didn’t had any idea about this,these people helped me in getting insurance as soon as possible..

    1
    11th May, 2017

    From Birla Sun Life Insurance Co. Ltd..,my sister was taken life insurance policy.documentation charges was very low when compared to other company.interest was feasible rate.staff member guided me in all means.the person came to my home and collected all the documents which saves my time and energy.i am satisfied by their service

    0
    11th May, 2017

    As I wanted to buy Life insurance policy for me,I have searched out for good agents ,I contact Aviva Life Insurance Co. India Pvt. Ltd.they provide all the terms and conditions details.The response time is impressive .

    1
    26th Apr, 2017

    Taken a personal loan from this company. The company staff is very obliging to the customers and they availed my loan in one month as per the said amount. Gratified to obtain my need from here at the right time.

    2
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    Recent Enquiries for Life Insurance in Mumbai

    • Life insurance policy: Term insurance
    • Gender: Male
    • Age: 29/11/1992
    • Insurance policy for: Self
    • Annual income: Less than 3 lakhs
    71 days ago
    • Life insurance policy: Term insurance
    • Gender: Female
    • Age: 28
    • Insurance policy for: Self
    • Annual income: More than 10 lakhs
    • Insurance brand: HDFC Insurance
    92 days ago
    • Life insurance policy: Whole life policy
    • Gender: Male
    • Age: 21
    • Insurance policy for: Self, Spouse, Son, Daughter, Parents
    • Annual income: Less than 3 lakhs
    93 days ago
    • Life insurance policy: Money back policy
    • Insurance policy for: Self
    • Annual income: Less than 3 lakhs
    • Insurance brand: Kotak Life Insurance
    173 days ago
    • 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.