Main Lifeinsurance companies

LIFE INSURANCE CORPORATION OF INDIA
RELIANCE LIFE INSURANCE
SBI LIFE INSURANCE
MAX NEWYORK LIFE INSURANCE
ICICI PRUDENTIAL
HDFC STANDARD LIFE INSURANCE
AVIVA INDIA
TATA AIG
ING VYSYA LIFE INSURANCE
BIRLA SUN LIFE INSURANCE

Life insurace

Life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured individual's or individuals' death or other event, such as terminal illness or critical illness. In return, the policy owner (or policy payer) agrees to pay a stipulated amount called a premium at regular intervals or in lump sums. There may be designs in some countries where: (Assets, Bills, and death expenses plus catering for after funeral expenses should be included in Policy Premium. Anyone whose assets equal more than the value of their primary residence should not be compensated beyond that value in case they cannot sell their house. In the case of those whose lost their spouse should be compensated also for one full year the wages of their spouse which would or should be included to avoid lawsuits.) However in the United States, the predominant form simply specifies a lump sum to be paid on the insured's demise.