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
As of September 2022, IRDAI has recognized 24 life insurance companies. Following is the list:[1]
| # | Company | Sector | Headquarters | Founded |
|---|---|---|---|---|
| 1 | Life Insurance Corporation of India | Govt. | Mumbai | 1956 |
| 2 | HDFC Standard 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 AIG 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 Co. Ltd. | Private | Mumbai | 2008 |
| 23 | IndiaFirst Life Insurance Co. Ltd. | Private | Mumbai | 2009 |
| 24 | Edelweiss Tokio Life Insurance Co. Ltd. | Private | Mumbai | 2011 |
General insurance companies
As of September 2022, IRDAI has recognized 31 non-life insurance companies.[2][3]
| Company | Sector | Headquarters | Founded | |
|---|---|---|---|---|
| 1 | Acko General Insurance | Private | Mumbai | 2016 |
| 2 | Aditya Birla Health Insurance | Private | Mumbai | 2015 |
| 3 | Agriculture Insurance Company of India | Govt. | New Delhi | 2002 |
| 4 | Bajaj Allianz General Insurance | Private | Pune | 2001 |
| 5 | Cholamandalam MS General Insurance | Private | Chennai | 2001 |
| 6 | Manipal Cigna Health Insurance Company Limited | Private | Mumbai | 2014 |
| 7 | Navi General Insurance Limited | Private | Bengaluru | 2016 |
| 8 | Digit Insurance | Private | Pune | 2017 |
| 9 | Edelweiss General Insurance | Private | Mumbai | 2017 |
| 10 | Export Credit Guarantee Corporation of India | Govt. | Mumbai | 1957 |
| 11 | Future Generali India Insurance | Private | Mumbai | 2007 |
| 12 | HDFC ERGO General Insurance Company | Private | Mumbai | 2002 |
| 13 | ICICI Lombard | Private | Mumbai | 2001 |
| 14 | IFFCO TOKIO General Insurance | Private | Gurugram | 2000 |
| 15 | Kotak Mahindra General Insurance | Private | Mumbai | 2015 |
| 16 | Liberty General Insurance | Private | Mumbai | 2013 |
| 17 | Magma HDI General Insurance | Private | Mumbai | 2009 |
| 18 | Niva Bupa Health Insurance | Private | New Delhi | 2008 |
| 19 | National Insurance Company | Govt. | Kolkata | 1906 |
| 20 | New India Assurance | Govt. | Mumbai | 1919 |
| 21 | Raheja QBE General Insurance | Private | Mumbai | 2007 |
| 22 | Reliance General Insurance | Private | Mumbai | 2000 |
| 23 | Care Health Insurance Ltd | Private | Gurugram | 2012 |
| 24 | Royal Sundaram General Insurance | Private | Chennai | 2000 |
| 25 | SBI General Insurance | Private | Mumbai | 2010 |
| 26 | Shriram General Insurance | Private | Jaipur | 2008 |
| 27 | Star Health and Allied Insurance | Private | Chennai | 2006 |
| 28 | Tata AIG General Insurance | Private | Mumbai | 2001 |
| 29 | The Oriental Insurance Company | Govt. | New Delhi | 1947 |
| 30 | United India Insurance Company | Govt. | Chennai | 1938 |
| 31 | Universal Sompo General Insurance Company | Private | Mumbai | 2007 |
Reinsurance companies
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
- "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.
External links
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