The Sahara Pariwar, popularly known as the world’s largest ‘family’ with diversified business interests, is a recent entrant in the field of life insurance. Its insurance company – Sahara India Life Insurance Company Ltd. was granted license by the insurance regulator – the IRDA, on 6 February 2004. With this approval, Sahara Life Insurance becomes the first wholly Indian-owned company in the Indian life insurance market without any collaboration with the organizations abroad. The paid up capital of the insurance company at the time of its commencement was Rs 157 Crore. The Chairman of Sahara Pariwar, Subrata Roy Sahara, is also the chairperson of Sahara Life Insurance Company limited.
The insurance plans offered by Sahara India Life Insurance Company Limited are unique in their own terms. The company offers both individual and group insurance products. Through the different insurance plans, the company aims to cater to the different needs of the Indian society. For instance, the Sahara Jan Kalyan group scheme is formulated to address the life insurance needs of the financially weaker sections of the Indian population. One of the highlighting points of the scheme is accident benefit.
Apart from the working and the dependent population, the insurance plans formulated by Sahara India Life Insurance Company Limited are beneficial for the retired people as well. The pension plans of the company (such as Sahara Amar Jeevan) help the policy holder to live a frivolous and relaxed life after retirement. As per the plan, the person holding the policy is subjected to do monetary savings in little amounts per month. Talking about the individual plans, Sahara Sanchay – R scheme and Sahara Samarth are also beneficial in many ways.
Insurance Plans
Children
Endowment Assurance
- Sahara Nidhi
- Sahara Sahyog
Money Back Policy
- Sahara Sampann
- Sahara Samriddhi
Term Assurance
Pension Plans
- Sahara Swabhimaan
- Sahara Amar Jeevan
Unit Linked Plans
- Sahara Sanchay – R
- Sahara Samarth
Group Insurance
- Sahara Samooh Samyojana
- Sahara Jamakarta Samooh Bima
- Sahara Samooh Suraksha
- Sahara Jan Kalyan
AEGON Religare Life Insurance Company Ltd is a joint venture of AEGON, Religare and Bennett, Coleman & Company. AEGON in one of the world’s leading life insurance and pension groups. Religare is a prominent player in the field of integrated financial services in India. On the other hand, Bennett- Coleman & Company is India’s largest media house. The insurance company began its operation in July 2008. Within a short span of time, it has spread across India, by opening over 30 branches in the country.
AEGON Religare Life Insurance offers multitude of benefits to its customers. It offers policy servicing on the phone via Interactive Voice Response System (IVR). This is done by issuing the customer a T-Pin for authentication. It boasts of being the first insurance company in India to include the customer’s medical report in the policy kit. Talking about the individual stake holders, AEGON serves over 40 million customers in as many as 20 markets spread throughout the Americas, Asia and Europe. Headquartered in The Hague, the Netherlands, AEGON carries out major operations in the United States, the Netherlands and the United Kingdom.
Religare Enterprises Limited (REL) is a significant player in the field of Retail, Institutional and Wealth spectrums. It has a diverse and wide base of clientele. REL holds 44% equity in AEGON Religare Life Insurance Company Ltd. Talking about Bennett, Coleman & Co. Ltd. (BCCL) it is a mammoth in the field of media, since it is associated with the Times Group, India’s largest media house. The Joint Venture of the three giants (of their respective fields) has given rise to AEGON Religare Life Insurance.
Products
Protection Plan
- AEGON Religare Level Term Plan
- AEGON Religare Increasing Term Plan
- AEGON Religare Level Term Plan
- AEGON Religare Increasing Term Plan
- AEGON Religare Group Term plan
- AEGON Religare Decreasing Term Plan
- AEGON Religare Rural Term Plan
Saving Plans
- AEGON Religare Protect Gain Plan
- AEGON Religare Premium Gain Plan
- AEGON Religare Guaranteed Return Plan – 3
Child Plan
- AEGON Religare Star Child Plan
Retirement Plan
- AEGON Religare Pension Plan
Established in India in September 2001, ING Vysya Life Insurance Company Limited is a joint venture between Vysya Bank, which is one of the largest private sector banks in India, and ING Insurance Co., which is the world’s second largest life insurance company. This private life insurance company has around 140 branches all over India, with head office in Bangalore. ING Vysya Life Insurance Co. has around 3000 employees with over 21,000 sales insurance agents and brokers. ING Vysya Life presently has around 4.5 lakh customers, and is making a total income of Rs. 400 crore.
ING Vysya Life Insurance gives you an opportunity to fulfill your responsibilities towards your family. The ING Vysya Life protection plans provide financial security to your family in your absence. This company also provides special policies, such as, Children’s Plans; Retirement Plans; Investment Plans and Savings Plans, which help you to secure your future financially. It also provides Life Insurance, Medical Insurance, General Insurance, Long-Term Care Insurance, Group Insurance, Company Insurance and Financial Services Insurance Products.
The mutual funds of ING Vysya Insurance are available with all the company branches, insurance agents and brokers. ING Vysya Life Insurance Ltd. Also offers online premium payment facility. For premium cheque payments, drop boxes are also available at all the branches. Given here is a comprehensive list of various insurance policies & saving plans offered by ING Vysya Insurance Company:
Protection Plans
- ING Term Life
- ING Term Life Plus
Savings Plans
- ING Prime Life (Unit Linked Insurance Plan)
- Reassuring Life Endowment Plan (Reversionary Bonus)
- Creating Life Child Protection Plan
- Creating Life Money Back Plan
- Safal Jeevan Endowment Plan
- Safal Jeevan Money Back Plan
- ING LifePlus
- ING Positive Life
- ING Creating Star
Retirement Plans
- Best Years
- New Future Perfect
- ING Golden Life
Investment Plans
- Powering Life
- New Freedom Plan
- New One Life
- Platinum Life Plan
- High Life
- High Life Plus
- New Fulfilling Life Plan
Sahara India Life Insurance | admin January 29, 2011 | 
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