effy Competitors

State owned public sector life insurance corporation.Largest financial institution &life insurance organization in India. Central office in Mumbai ,with 8 Zonal offices,109 divisional offices,2048 fully computerised branches and to serve rural people LIC now opened 992 satelite offices in rural areas . Hisrory:245 Indian and foreign insurers and provident societies are taken over by the central government and nationalised. LIC formed by an Act of Parliament, viz. LIC Act, 1956, with a capital contribution of Rs. 5 crore from the Government of India. The Parliament of India passed the Life Insurance Corporation Act on the 19th of June 1956, and the Life Insurance Corporation of India was created on 1st September, 1956. On 1st of September 1956, The Life Insurance Corporation of India ( LIC ) embarked upon its momentous journey in true spirit of serving the people and nation as a whole. Since then it has spearheaded the financial and infrastructure development of the nation. The performance of LIC has been exemplary and it has been growing from strength to strength be it customer base, agency network, branch office network, and the like. LIC has played a significant role in spreading life insurance among the masses and mobilization of people’s money for people’s welfare. Even after the entry of private insurers for almost a decade now, LIC continues to be the front runner in the industry in terms of market share. Mission: "A trans-nationally competitive financial conglomerate of significance to societies and Pride of India." Products:We have in our basket more than 40 different plans catering to the differing needs of different segments of the society – basic insurance plans (whole life, endowment and money back), Term Assurance Plans, Pension Plans, Capital Market linked Plans, Health Plan etc.

Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited. Max Financial Services Ltd. is a part of the Max Group, an Indian multi-business corporation. Max Life has individual claims paid ratio of 99.65% as per the annual audited financials for FY23-24. Max Life offers comprehensive protection and long-term savings life insurance solutions, through its multichannel distribution including agency and third party distribution partners. You can reach us at our: Customer Service Helpline - 1860 120 5577 (9:00 AM to 6:00 PM Monday to Saturday) or, Write to us at Service.helpdesk@maxlifeinsurance.com. You can also contact us through our portal https://www.maxlifeinsurance.com/contact-us/write-to-us.html. Max Life has built its operations over almost two decades through a need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital. As per public disclosures, during the financial year 2023-24, • As on 31st March 2024 the Company had Rs. 150,836 crore of assets under management(AUM), and • A Sum Assured in Force of Rs. 1,779,409 crore. For more information, please visit the Company's website at www.maxlifeinsurance.com

SBI Life Insurance (‘SBI Life’ / ‘The Company’), one of the most trusted life insurance companies in India, was incorporated in October 2000 & is registered with the Insurance Regulatory & Development Authority of India (IRDAI) in March 2001. Serving millions of families across India, SBI Life’s diverse range of products caters to individuals as well as group customers through Protection, Pension, Savings & Health solutions. Driven by ‘Customer-First’ approach, SBI Life places great emphasis on maintaining world-class operating efficiency & providing hassle-free claim settlement experience to its customers by following high ethical standards of service. Additionally, SBI Life is committed to enhance digital experiences for its customers, distributors & employees alike. SBI Life strives to make insurance accessible to all, with its extensive presence across the country through its 1,154 offices, 28,534 employees, a large & productive network of about 268,792 agents, 73 corporate agents & 9 bancassurance partners with more than 40,000 partner branches, 149 brokers & other insurance marketing firms. In addition to doing what’s right for the customers, the company is also committed to provide a healthy & flexible work environment for its employees to excel personally & professionally. SBI Life strongly encourages a culture of giving back to the society & has made substantial contribution in the areas of child education, healthcare, disaster relief & environmental upgrade. In 2024-25, the Company touched over 53,000 direct beneficiaries through various CSR interventions. Listed on the Bombay Stock Exchange ('BSE') & the National Stock Exchange ('NSE'), the company has an authorized capital of Rs. 20.0 billion & a paid-up capital of Rs. 10.0 billion. The AuM is Rs. 4,814.6 billion. For more information, please visit our website-www.sbilife.co.in (Numbers & data mentioned above are for the period ended September 30, 2025)