life insurance companies in India list

India is a big country with more than 12o crore population. But due to many rules and regulations by the Indian government, only 23 private companies has got the license  to sell life insurance in India.  LIC is a monopoly till 1999 when the government formed IRDA and granted licenses to new insurance companies. Here i would like to bring the complete list of 24 insurance companies for your learning.



 S.No COMPANY NAME STARTED YEAR INDIAN PARTNER FOREIGN PARTNER
1 Aegon Religare Life Insurance Co. Ltd. 2008 Religare Enterprises Limited& Bennett, Coleman & Company Limited AEGON
2 Aviva Life Insurance Co. India Ltd. 2002 Dabur Group Aviva Group
3 Bajaj Allianz Life Insurance Co. Ltd. 2001 Bajaj Finserv Limited Allianz SE
4 Bharti AXA Life Insurance Co. Ltd. 2006 Bharti Enterprises AXA Group
5 Birla Sun Life Insurance Co. Ltd. 2000 Aditya Birla Group Sun Life Financial Inc
6 Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd. 2008 Canara Bank &Oriental Bank of Commerce HSBC
7 DHFL Pramerica Life Insurance Co. Ltd. 2008 Dewan Housing Finance Corporation Ltd. Prudential International Insurance Holdings, Ltd
8 Edelweiss Tokio Life Insurance Co. Ltd 2011 Edelweiss Financial Services Tokio Marine Holdings Inc
9 Exide Life Insurance Co. Ltd. 2001 Exide Industries Limited
10 Future Generali India Life Insurance Co. Ltd. 2008 Future Group & Industrial Investment Trust Limited (IITL) Generali Group
11 HDFC Standard Life Insurance Co. Ltd. 2001 Housing Development Finance Corporation Limited (HDFC) Standard Life (Mauritius Holding) Ltd
12 ICICI Prudential Life Insurance Co. Ltd. 2001 ICICI Bank Prudential plc
13 IDBI Federal Life Insurance Co. Ltd. 2008 IDBI Bank & Federal Bank Ageas
14 IndiaFirst Life Insurance Co. Ltd 2008 Bank of Baroda & Andhra Bank Legal and General
15 Kotak Mahindra Old Mutual Life Insurance Ltd. 2001 Kotak Mahindra Group Old Mutual
16 Life Insurance Corporation of India 1956 LIC
17 Max Life Insurance Co. Ltd. 2000 Max India Ltd Mitsui Sumitomo Insurance Co. Ltd
18 PNB MetLife India Insurance Co. Ltd. 2001 Punjab National Bank Limited (PNB), Jammu & Kashmir Bank Limited (JKB), M. Pallonji and Company Private Limited MetLife International Holdings Inc
19 Reliance Life Insurance Co. > 2001 Reliance Capital Nippon Life Insurance
20 Sahara India Life Insurance Co. Ltd. 2012 The Sahara Pariwar
21 SBI Life Insurance Co. Ltd. 2008 State Bank of India BNP Paribas Cardif
22 Shriram Life Insurance Co. Ltd. 2005 Shriram Group Sanlam
23 Star Union Dai-Ichi Life Insurance Co. Ltd. 2010 Bank of India, Union Bank of India Dai-ichi Life
24 Tata AIA Life Insurance Co. Ltd. 2001 Tata Sons Ltd AIA Group Ltd. (AIA)

 

life insurance companies in India list

life insurance companies in India list

life insurance companies in India list

Leave a Reply