Life insurance is a very legal contract where the insurer has to pay a collection of money to the insurance policy holder on the death of the insured person in exchange for regular premiums.(life insurance companies)
Human life has many kinds of risks, and the risks not only hurts the victim but as well makes him to suffer financially. Hence, life insurance companies are the best way to make oneself for the unforeseen conditions that may harm us. The list of own personal agendas should be fulfilled by the policy bought. Hence, intensive research and comparison before making the actual decision are vital.
List of top 10 best life insurance companies in the world of 2018
- American International Group (AIG)
- Allianz SE
- UnitedHealth Group
- Zurich Insurance Group
- Assicurazioni Generali Group
- China Life Insurance
- Prudential plc
- Japan Post Holdings
Top 10 best life insurance companies in the world
American International Group (AIG)
American International Group mostly known as (AIG), is a multinational insurance corporation based in (USA) America. And has founded in the 1919, the company along with its several subsidiaries now operates in over 80 countries, more than 56000 people are employing. America International Group offers casualty insurance. The retirement products, mortgage insurance and other financial useful plans and services.
MetLife, Inc. is the holding corporation of Metropolitan life insurance company and its affiliates, has been founded on March 24, 1868. U.S. in the city of New York it is headquartered. This company is in account of the largest providers of insurance, and employee benefit programs with over 90 million customers in over 60 countries. The company of MetLife’s life insurance services and products have a very huge range. The services vary in regards to duration, coverage etc. MetLife also gives group life insurance, provided through employers etc. MetLife has in Japan, South Korea and Mexico a leading position.
Allianz SE is headquartered in Munich; it is a German company in the industry of financial services. Due to Forbes magazine it was the largest insurance company in the world in 2014. It was founded in 1890 and has a large number of subsidiaries employing around 1,43,000 people in 2015. Allianz SE main products asset management and insurance. The company offers insurance product in casualty and property, life insurance for both individual and corporate customers.
UnitedHealth Group is a health care company and is an American managed which has two main subsidiaries UnitedHealth care and Optum. The Richard T. Burke has founded it in 1977, the company is based in Minnesota, U.S. This company is the chief life insurance providers in the healthcare sector. In the section of healthcare sector this company was featured in the “world’s most admired companies” on the Fortune list for six years consecutively. UnitedHealth gives benefits on life insurance such as, flexible funding options, life conversion, waiver of premium etc.
Zurich Insurance Group
The city of Swiss, the Swiss firm was established in 1872 and employs people over 53,000, catering to small, medium, large companies, multinational corporations and individuals. In 2017 Forbes Global 2000s list, the ranking of Zurich Insurance Group is 91st largest public company in the world. The company currently operates in over 170 countries. The core business segments of Zurich include general insurance Global life, and offers life insurance, savings etc. and farmers provides non-claims related management services to the Farmer exchange etc. Zurich is the largest insurance company in Switzerland.
AXA Insurance Company has a very wide and strong customer base about 102 million people over 56 countries. The headquarter of AXA is in the 8th arrondissment of Paris and is a French multinational and leading insurance firm. AXA is in count a Global insurance, investment, management etc. AXA has been founded in 1817 by Claude Bebear. The company currently employs around 1,66,000 all over the world. The AXA insurance group operates in Western Europe, North America, the Asian Pacific region and the Middle East and as well as Africa. The company is a part of the Euro Stoxx 50 Stock market index.
Assicurazioni Generali Group
Assicurazioni Generali Group is an Italian financial services company. It is one of the best companies in Italy. It stands in third position in financial services company in the world. The main products of this company is banking, insurance and investment management. This company has been established in 1831 and employs around 76000 people all over the world. The important focus of this company is on life insurance, the company offers other products like family cover, savings and unit-linked policies. The company operating in 60 countries including Italy, Asia, Middle East, Europe and America.
China Life Insurance
China Life Insurance company is based and incorporated insurance company which provides annuity products. And has been founded in 1949. The headquarter of this company is in the Beijing, China. The ranking of this company is on No. 94 on fortune 2015 Global 500 company list. China insurance is the largest insurer in the China. The main product of China Life Insurance are based on Health and life insurance, pension plans, asset management, property and casualty, investment holding and overseas services.
Prudential plc is a British multinational life insurance and as well as financial services company.
It has founded in 1848, the headquarter of this company is in London, UK. The customers of this company is 24 million from all over the world and employing around 22,308 people. Prudential plc has a primary listing on the London Stock Exchange and secondary listing on the New York stock exchange, Hong Kong Stock Exchange and Singapore Exchange.
Japan Post Holdings
Japan Post Holdings is a Japanese State-owned conglomerate with major indulgence in postal and logistic business, banking business and life insurance business. One of its major subsidiaries is Japan Post Insurance which was initially established on September 1, 2006, and changed its name in October 2007. It controls the life insurance of sector of JPH. In 2011, it was the world’s fourth largest insurance company.