List of insurance companies in India

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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 re-insurance industries in India.

Life insurance companies[edit]

As of October 2018, IRDAI has recognized 24 life insurance companies. Following is the list:[1]

List is arranged chronologically based on their recognition by IRDAI
# Company Sector Headquarters Founded
1 Life Insurance Corporation of India Public 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 AIA Life Insurance Co. Ltd. Private Mumbai 2001
8 SBI Life Insurance Co. Ltd. Private Mumbai 2001
9 Exide Life Insurance Co. Ltd. Private bangalore 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 IDBI 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 DHFL 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

Non-life insurance companies[edit]

As of October 2018, IRDAI has recognized 34 non-life insurance companies.[2]

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

Reinsurance companies[edit]

As of February 2018, IRDAI has recognized two reinsurance companies.[3]

Company Sector Headquarters Founded
1 General Insurance Corporation of India Public Mumbai 1972
2 ITI Reinsurance Limited Private Mumbai 2016

References[edit]

  1. ^ "Updated List of Life Insurers". IRDAI. 31 October 2018. Retrieved 14 November 2018.
  2. ^ "List of Non-life insurer". IRDAI. 31 October 2018. Retrieved 14 November 2018.
  3. ^ "List of Re-insurers". IRDAI. 19 February 2018. Retrieved 14 November 2018.

External links[edit]