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CreditMantri Finserve Private Limited
CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002
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Insurance Plans Best Suited For You
Chennai, the capital of Tamil Nadu is also known as “Detroit of India” owing to the large presence of nearly 1/3rd of the automobile industry of India operating from Chennai. The city is also a major hub of South Indian film production. It is one of the 100 designated smart cities of India. There are many well known educational institutions and offices in the city. This has led to an influx of students and working professionals to the city over the years. As a result, though the city has seen tremendous growth, there has been a rise in health issues among its residents.
Life insurance is thus a top priority for the people of Chennai, with the city residents option for life insurance as a viable investment option. One needs to work out the life insurance policy to be obtained by calculating the premium amount, the sum assured and their financial capability to repay premiums on time.
Additional Reading: Life Insurance Premium Calculation
Chennai is one of the oldest cities in India. Being home to different people from various walks of life, the residents of the city live a hectic lifestyle. This has given rise to different health issues for them. The current Covid-19 pandemic has also created uncertainty of life, which has made the people of Chennai think of having a good life insurance plan as a safe backup plan. This would help to safeguard their family members if the primary policyholder meets an untimely demise. The key to having a good life insurance cover is to understand the benefits of a life insurance plan. This can be done by comparing the various life insurance plans offered by key insurance providers in Chennai.
Additional Reading: What are the benefits of Life Insurance?
Life Insurance Corporation of India: LIC is the largest life insurance provider in India offering a wide array of life insurance products to its customers. The company has around 44 LIC branches in Chennai.
SBI Life: The company is a joint venture of BNP Paribas Assurance and SBI – which is the largest public sector bank in the country. There are 12 branches of SBI Life in Chennai.
Reliance Life: The company with 8 branches operating in Chennai offers very innovative and user-friendly life insurance plans. Reliance Life is an associate of Reliance Capital.
Bajaj Allianz Life Insurance : It is a joint venture of Allianz AE and Bajaj group. With 9 branches in Chennai city, the company provides life insurance products across all categories.
Birla Sun Life Insurance: Birla Sun Life is a collaboration between Sun Life Financials and the Aditya Birla group. The company operates 6 branches in the city of Chennai.
HDFC Standard Life: HDFC Standard Life is one of the leading players in the insurance sector in India. It operates 6 branches in Chennai for the purpose of providing service and its customer service centre is also present in the city.
Kotak Life Insurance: Founded in 1985, Kotak Life insurance is one of the oldest life insurance companies in India. It operates 4 main branches in Chennai.
Max Life Insurance: A tie-up between Max India, one of India's leading corporations and New York Life International, Inc., the company has a huge presence across major cities of India. The company has 3 offices in the city of Chennai.
ICICI Prudential Life Insurance: ICICI Prudential Life Insurance - an asset management company is a tie-up between ICICI and Prudential plc. The company operates 2 main branches in Chennai
These key insurance providers have a high rate of claim settlement, with LIC showing the highest ratio of claim settlement in Chennai. The key insurance providers as stated above provide attractive insurance schemes to the resident of Chennai. Owing to the ongoing pandemic crisis, now the insurance providers have incorporated Covid-19 related life insurance plans to benefit the residents of Chennai.
Consider Additional Reading: Which are the different Life Insurance schemes?
Chennai is a major city in India. With such bustling activity, it is natural for the residents to lead a stressful life, necessitating the need to have proper life insurance coverage. Various insurance providers are operating in the city who offer attractive life insurance plans to the people of Chennai.
1. How can I change my contact details in my life insurance policy?
The contact details can be changed in the life insurance policy by filling in the particulars in the policy service request form.
2. What is a life insurance rider?
A life insurance rider is an additional benefit available to a policyholder over the original life insurance plan purchased. Going in for a life insurance rider would help the policyholder avail better benefits through revising their current insurance plan.
3. Will my premium amount alter during the policy tenure?
Once the life insurance policy has been purchased by the policyholder, then the premium does not change. It remains the same throughout the entire term of the policy.
4. Is a senior citizen eligible to take a life insurance plan?
Yes, a senior citizen is eligible to take a life insurance plan based on their age factor and their underlying health condition. Going in for a life insurance cover is beneficial for senior citizens as it gives them the added benefit of financial security in their old age.
5. Can Life Insurance Policy be purchased online?
Yes, a life insurance policy can be purchased online also apart from the offline mode of purchase. The potential policyholder has to visit the official website of the specific life insurance provider and fill in the necessary particulars as required to purchase a life insurance policy through the online mode. Payment for such policy can be made through NEFT or ECS as per the terms of the policy.
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