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 July 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 | Bajaj Allianz Life Insurance Co. Ltd. | Private | Pune | 2001 |
| 10 | PNB MetLife India Insurance Co. Ltd. | Private | Mumbai | 2001 |
| 11 | Reliance Nippon Life Insurance Company | Private | Mumbai | 2001 |
| 12 | Aviva Life Insurance Company India Ltd. | Private | Gurugram | 2002 |
| 13 | Sahara India Life Insurance Co. Ltd. | Private | Lucknow | 2004 |
| 14 | Shriram Life Insurance Co. Ltd. | Private | Hyderabad | 2005 |
| 15 | Bharti AXA Life Insurance Co. Ltd. | Private | Mumbai | 2008 |
| 16 | Future Generali India Life Insurance Co. Ltd. | Private | Mumbai | 2007 |
| 17 | Ageas Federal Life Insurance Co. Ltd. | Private | Mumbai | 2008 |
| 18 | Canara HSBC Life Insurance Co. Ltd. | Private | Gurugram | 2008 |
| 19 | Bandhan Life Insurance Co. Ltd. | Private | Mumbai | 2008 |
| 20 | Pramerica Life Insurance Co. Ltd. | Private | Gurugram | 2008 |
| 21 | Star Union Dai-ichi Life Insurance | Private | Mumbai | 2008 |
| 22 | IndiaFirst Life Insurance Co. Ltd. | Private | Mumbai | 2009 |
| 23 | Edelweiss Tokio Life Insurance Co. Ltd. | Private | Mumbai | 2011 |
| 24 | Credit Access Life Insurance limited | Private | Bengaluru | 2023 |
| 25 | Acko Life Insurance Limited | Private | Bengaluru | 2023 |
| 26 | Go Digit Life Insurance Limited | Private | Pune | 2023 |
Non Life insurance companies
[edit]As of January 2024, IRDAI has recognized 32 non-life insurance companies of which 5 are standalone health insurance companies. [2][3]
