List Of Insurance Companies In India (2023)

List Of Insurance Companies In India – Insurance is a forward-thinking priority plan made with the mind of protecting oneself from financial loss which can be caused by the loss of property, life, or other such losses which can affect a person’s finances or well-being in other ways.

Business, just like every other thing in life, is full of risks. Every place or region has certain risks that are more common or predominant in the area, and this peculiarity can arise from the climate, topography, common occupations, religion, population, poverty level, crime rate, and so on.

In response to some of the particular risks mentioned above, some insurance policies have thrived in India, to protect the population, or to reduce the risks of them suffering in perpetually as occasioned by such a loss. Some of these insurance policies are Life Insurance Policies, Motor Vehicle Insurance, Theft and also Robbery Insurance policies, Fire Insurance policies, and also so on.

Please remember that this article is not investment advice. Please consult your solicitor or any other investment professional before investing your money with any Insurance company listed below. The List of Insurance Companies in India is broken down in this article into companies that offer life insurance, and those who not.

List Of Insurance Companies In India

As at October 2018, The indian government agency IRDAI has recognized 24 life insurance companies. Following is the list: Please note that the List is arranged in order of appearance based on their recognition by IRDAI.

List Of Insurance Companies In India

• 1 Life Insurance Corporation of India
• 2 HDFC Standard Life Insurance Co. Ltd.
• 3 Max Life Insurance Co. Ltd.
• 4 ICICI Prudential Life Insurance Co. Ltd.
• 5 Kotak Mahindra Life Insurance Co. Ltd.
• 6 Aditya Birla Sun Life Insurance Co. Ltd. Private Mumbai 2000 (Defunct)
• 7 TATA AIA Life Insurance Co. Ltd. Private Mumbai 2001 (Defunct)
• 8 SBI Life Insurance Co. Ltd.
• 9 Exide Life Insurance Co. Ltd.
• 11 PNB MetLife India Insurance Co. Ltd.
• 12 Reliance Nippon Life Insurance Company
• 13 Aviva Life Insurance Company India Ltd.
• 14 Sahara India Life Insurance Co. Ltd.
• 15 Shriram Life Insurance Co. Ltd. Private (Defunct)
• 16 Bharti AXA Life Insurance Co. Ltd. Private Mumbai (Defunct)
• 17 Future Generali India Life Insurance Co. Ltd.
• 18 IDBI Federal Life Insurance Co. Ltd.
• 19 Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd. Private 2008
• 20 Aegon Life Insurance Co. Ltd.
• 21 DHFL Pramerica Life Insurance Co. Ltd. Private Mumbai
• 22 Star Union Dai-Ichi Life Insurance Co. Ltd. Private Mumbai
• 23 IndiaFirst Life Insurance Co. Ltd.
• 24 Edelweiss Tokio Life Insurance Co. Ltd.

List of Non-life insurance companies {IRDAI has recognized 34 non-life insurance companies}

• 1 Acko General Insurance
• 2 Aditya Birla Health Insurance
• 3 Agriculture Insurance Company of India
• 4 Apollo Munich Health Insurance
• 5 Bajaj Allianz General Insurance
• 6 Bharti AXA General Insurance
• 7 Cholamandalam MS General Insurance
• 8 Cigna TTK
• 9 DHFL General Insurance
• 10 Digit Insurance
• 11 Edelweiss General Insurance
• 12 Export Credit Guarantee Corporation of India
• 13 Future Generali India Insurance
• 14 HDFC ERGO General Insurance Company
• 15 ICICI Lombard
• 16 IFFCO TOKIO General Insurance
• 17 Kotak Mahindra General Insurance
• 18 Liberty General Insurance
• 19 Magma HDI General Insurance
• 20 Max Bupa Health Insurance
• 21 National Insurance Company
• 22 New India Assurance
• 23 Raheja QBE General Insurance
• 24 Reliance General Insurance
• 25 Reliance Health Insurance
• 26 Religare Health Insurance Company Limited
• 27 Royal Sundaram General Insurance
• 28 SBI General Insurance
• 29 Shriram General Insurance
• 30 Star Health and Allied Insurance
• 31 Tata AIG General Insurance
• 32 The Oriental Insurance Company
• 33 United India Insurance Company
• 34 Universal Sompo General Insurance Company
• 1 General Insurance Corporation of India
• 2 ITI Reinsurance Limited

Contact Us And Details Of Insurance Companies In India (Phone Number, Addresses and Year)

• 1 Life Insurance Corporation of India
  • Type of Company Holding: Public
    Headquarters Located in Mumbai
    Year of Establishment: 1956
    Official Website: www.licindia.in
• 2 HDFC Standard Life Insurance Co. Ltd.
  • Type of Company Holding: Public
    Headquarters Located in Mumbai
    Year of Establishment: 2000
    Official Website: www.hdfclife.com
• 3 Max Life Insurance Co. Ltd.
  • Type of Company Holding: Private
    Headquarters Located in: Delhi
    Year of Establishment: 2000
    Official Website: https://www.maxlifeinsurance.com
• 4 ICICI Prudential Life Insurance Co. Ltd.
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    Year of Establishment: 2000
    Official Website: www.iciciprulife.com
• 5 Kotak Mahindra Life Insurance Co. Ltd.
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    Year of Establishment: 2001
    Official Website: www.insurance.kotak.com
• 6 Aditya Birla Sun Life Insurance Co. Ltd. Private Mumbai 2000 (Defunct)
• 7 TATA AIA Life Insurance Co. Ltd. Private Mumbai 2001 (Defunct)
• 8 SBI Life Insurance Co. Ltd.
  • Type of Company Holding: Public
    Headquarters Located in: Mumbai
    Year of Establishment: 2001
    Official Website: https://www.sbilife.co.in/
• 9 Exide Life Insurance Co. Ltd.
  • Type of Company Holding: Private
    Year of Establishment: 2001
    Official Website: www.exidelife.in
• 10 Bajaj Allianz Life Insurance Co. Ltd.
  • Type of Company Holding: Private
    Headquarters Located in Pune
    Year of Establishment: 2001
    Official Website: www.bajajallianzlife.com

• 11 PNB MetLife India Insurance Co. Ltd.
  • Type of Company Holding: Private
    Headquarters Located in Mumbai
    Year of Establishment: 2001
    Official Website: www.pnbmetlife.com
• 12 Reliance Nippon Life Insurance Company
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    Year of Establishment: 2001
    Official Website: http://www.reliancenipponlife.com
• 13 Aviva Life Insurance Company India Ltd.
  • Type of Company Holding: Private
    Year of Establishment: 2002
    Official Website: https://www.avivaindia.com/
• 14 Sahara India Life Insurance Co. Ltd.
  • Type of Company Holding: Private
    Official Website: www.sahara.in
• 15 Shriram Life Insurance Co. Ltd. Private (Defunct)
• 16 Bharti AXA Life Insurance Co. Ltd. Private Mumbai (Defunct)
• 17 Future Generali India Life Insurance Co. Ltd.
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    Year of Establishment: 2007
    Official Website: www.General.futuregenerali.in
• 18 IDBI Federal Life Insurance Co. Ltd.
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    Year of Establishment: 2008
    Official Website: https://www.idbifederal.com/
• 19 Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd. Private 2008
• 20 Aegon Life Insurance Co. Ltd.
  • Type of Company Holding: Private
    Year of Establishment: 2008
    Official Website: www.aegonlife.com
• 21 DHFL Pramerica Life Insurance Co. Ltd. Private Mumbai
• 22 Star Union Dai-Ichi Life Insurance Co. Ltd. Private Mumbai
• 23 IndiaFirst Life Insurance Co. Ltd.
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    Year of Establishment: 2009
    Official Website: https://www.indiafirstlife.com/
• 24 Edelweiss Tokio Life Insurance Co. Ltd.
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai

List of Non-life insurance companies that are presently in operation within the country of India. As of October of 2018, the IRDAI has recognized 34 non-life insurance companies. However, it is important to take note that some companies offering life insurance policies also offer other non-life insurance services, thus causing them to be listed in both sections.

• 1 Acko General Insurance
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    2016
• 2 Aditya Birla Health Insurance
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    Year of Establishment: 2015
• 3 Agriculture Insurance Company of India
  • Type of Company Holding: Public
    Headquarters Located in: New Delhi
    Year of Establishment: 2002
• 4 Apollo Munich Health Insurance
  • Type of Company Holding: Private
    Headquarters Located in: Gurgaon
    Year of Establishment: 2007
• 5 Bajaj Allianz General Insurance
  • Type of Company Holding: Private
    Headquarters Located in: Pune
    Year of Establishment: 2001
• 6 Bharti AXA General Insurance
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    Year of Establishment: 2008
• 7 Cholamandalam MS General Insurance
  • Type of Company Holding: Private
    Headquarters Located in: Chennai
    Year of Establishment: 2001
• 8 Cigna TTK
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    Year of Establishment: 1918
• 9 DHFL General Insurance
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    Year of Establishment: 2016
• 10 Digit Insurance
  • Type of Company Holding: Private
    Headquarters Located in: Pune
    Year of Establishment: 2017
• 11 Edelweiss General Insurance
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    Year of Establishment: 2017
• 12 Export Credit Guarantee Corporation of India
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    Year of Establishment: 1957
• 13 Future Generali India Insurance
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    Year of Establishment: 2007
• 14 HDFC ERGO General Insurance Company
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    Year of Establishment: 2002
• 15 ICICI Lombard
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    Year of Establishment: 2001
• 16 IFFCO TOKIO General Insurance
  • Type of Company Holding: Private
    Headquarters Located in: New Delhi
    Year of Establishment: 2000
• 17 Kotak Mahindra General Insurance
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    Year of Establishment: 2015
• 18 Liberty General Insurance
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    Year of Establishment: 2013
• 19 Magma HDI General Insurance
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    Year of Establishment: 2009
• 20 Max Bupa Health Insurance
  • Type of Company Holding: Private
    Headquarters Located in: New Delhi
    Year of Establishment: 2008
• 21 National Insurance Company
  • Type of Company Holding: Public
    Headquarters Located in: Kolkata
    Year of Establishment: 1906
• 22 New India Assurance
  • Type of Company Holding: Public
    Headquarters Located in: Mumbai
    Year of Establishment: 1919
• 23 Raheja QBE General Insurance
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    Year of Establishment: 2007
• 24 Reliance General Insurance
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    Year of Establishment: 2000
• 25 Reliance Health Insurance
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    Year of Establishment: 2017
• 26 Religare Health Insurance Company Limited
  • Type of Company Holding: Private
    Headquarters Located in: Gurgaon
    Year of Establishment: 2012
• 27 Royal Sundaram General Insurance
  • Type of Company Holding: Private
    Headquarters Located in: Chennai
    Year of Establishment: 2000
• 28 SBI General Insurance
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    Year of Establishment: 2010
• 29 Shriram General Insurance
  • Type of Company Holding: Private
    Headquarters Located in: Jaipur
    Year of Establishment: 2008
• 30 Star Health and Allied Insurance
  • Type of Company Holding: Private
    Headquarters Located in: Chennai
    Year of Establishment: 2006
• 31 Tata AIG General Insurance
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    Year of Establishment: 2001
• 32 The Oriental Insurance Company
  • Type of Company Holding: Public
    Headquarters Located in: New Delhi
    Year of Establishment: 1947
• 33 United India Insurance Company
  • Type of Company Holding: Public
    Headquarters Located in: Chennai
    Year of Establishment: 1938
• 34 Universal Sompo General Insurance Company
  • Type of Company Holding: Private
    Headquarters Located in: Mumbai
    Year of Establishment: 2007

List of Reinsurance companies in India

As of February of 2018, the IRDAI has recognized two reinsurance companies, authorising them to have operations in India.

• 1 General Insurance Corporation of India
  • Type of Company Holding: Public
    Headquarters Located in Mumbai
    Year of Establishment: 1972
• 2 ITI Reinsurance Limited
  • Type of Company Holding: Private
    Headquarters Located in Mumbai
    Year of Establishment: 2016

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• Types Of Car Insurance In India
• Types of Health Insurance in India
• LIST OF INSURANCE COMPANIES IN MALAYSIA

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