List of insurance companies in India
Following is the list of insurance companies in India which have been approved by the Insurance Regulatory and Development Authority of India (IRDAI) which is a statutory body regulating and promoting the insurance and reinsurance industries in India.There are three types of Insurance Companies in India which are as given below:
Life insurance companies[edit]
As of January 2024, IRDAI has recognized 26 life insurance companies. Following is the list:[1]
# | Company | Sector | Headquarters | Founded |
---|---|---|---|---|
1 | Life Insurance Corporation of India | Govt. | Mumbai | 1956 |
2 | HDFC Life Insurance Co. Ltd. | Private | Mumbai | 2000 |
3 | Max Life Insurance Co. Ltd. | Private | Delhi | 2000 |
4 | ICICI Prudential Life Insurance Co. Ltd. | Private | Mumbai | 2000 |
5 | Kotak Mahindra Life Insurance Co. Ltd. | Private | Mumbai | 2001 |
6 | Aditya Birla Sun Life Insurance Co. Ltd. | Private | Mumbai | 2000 |
7 | TATA AIA Life Insurance Co. Ltd. | Private | Mumbai | 2001 |
8 | SBI Life Insurance Co. Ltd. | Public | Mumbai | 2001 |
9 | Exide Life Insurance Co. Ltd. | Private | Bengaluru | 2001 |
10 | Bajaj Allianz Life Insurance Co. Ltd. | Private | Pune | 2001 |
11 | PNB MetLife India Insurance Co. Ltd. | Private | Mumbai | 2001 |
12 | Reliance Nippon Life Insurance Company | Private | Mumbai | 2001 |
13 | Aviva Life Insurance Company India Ltd. | Private | Gurugram | 2002 |
14 | Sahara India Life Insurance Co. Ltd. | Private | Lucknow | 2004 |
15 | Shriram Life Insurance Co. Ltd. | Private | Hyderabad | 2005 |
16 | Bharti AXA Life Insurance Co. Ltd. | Private | Mumbai | 2008 |
17 | Future Generali India Life Insurance Co. Ltd. | Private | Mumbai | 2007 |
18 | Ageas Federal Life Insurance Co. Ltd. | Private | Mumbai | 2008 |
19 | Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd. | Private | Gurugram | 2008 |
20 | Aegon Life Insurance Co. Ltd. | Private | Mumbai | 2008 |
21 | Pramerica Life Insurance Co. Ltd. | Private | Mumbai | 2008 |
22 | Star Union Dai-ichi Life Insurance | Private | Mumbai | 2008 |
23 | IndiaFirst Life Insurance Co. Ltd. | Private | Mumbai | 2009 |
24 | Edelweiss Tokio Life Insurance Co. Ltd. | Private | Mumbai | 2011 |
Non Life insurance companies[edit]
As of January 2024, IRDAI has recognized 31 non-life insurance companies. [2][3]
Reinsurance companies[edit]
As of January 2023, IRDAI has recognized one reinsurance company.[4]
Company | Sector | Headquarters | Founded | |
---|---|---|---|---|
1 | General Insurance Corporation of India | Govt. | Mumbai | 1972 |
References[edit]
- ^ "List of Life Insurers". IRDAI. Retrieved 2023-01-31.
- ^ "List of General Insurers". IRDAI. Retrieved 2023-01-31.
- ^ "List of Health Insurers". IRDAI. Retrieved 2023-01-31.
- ^ "List of Reinsurers". IRDAI. Retrieved 2023-01-31.