List of insurance companies in India

Life insurance companies

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

List is arranged chronologically based on their recognition by IRDAI
# Company Sector Founded
1 Life Insurance Corporation of India Public 1956
2 HDFC Standard Life Insurance Co. Ltd. Public 2000
3 Max Life Insurance Co. Ltd. Private 2000
4 ICICI Prudential Life Insurance Co. Ltd. Private 2000
5 Kotak Mahindra Life Insurance Co. Ltd. Private 2001
6 Aditya Birla Sun Life Insurance Co. Ltd. Private 2000
7 TATA AIA Life Insurance Co. Ltd. Private 2001
8 SBI Life Insurance Co. Ltd. Public 2001
9 Exide Life Insurance Co. Ltd. Private 2001
10 Bajaj Allianz Life Insurance Co. Ltd. Private 2001
11 PNB MetLife India Insurance Co. Ltd. Private 2001
12 Reliance Nippon Life Insurance Company Private 2001
13 Aviva Life Insurance Company India Ltd. Private 2002
14 Sahara India Life Insurance Co. Ltd. Private
15 Shriram Life Insurance Co. Ltd. Private
16 Bharti AXA Life Insurance Co. Ltd. Private
17 Future Generali India Life Insurance Co. Ltd. Private 2007
18 IDBI Federal Life Insurance Co. Ltd. Private 2008
19 Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd. Private 2008
20 Aegon Life Insurance Co. Ltd. Private 2008
21 DHFL Pramerica Life Insurance Co. Ltd. Private
22 Star Union Dai-Ichi Life Insurance Co. Ltd. Private
23 IndiaFirst Life Insurance Co. Ltd. Private 2009
24 Edelweiss Tokio Life Insurance Co. Ltd. Private

 

 

Non-life insurance companies

As of October 2018, IRDAI has recognized 34 non-life insurance companies

Company Sector Headquarters Founded
Acko General Insurance Private Mumbai 2016
Aditya Birla Health Insurance Private Mumbai 2015
Agriculture Insurance Company of India Public New Delhi 2002
Apollo Munich Health Insurance Private Gurgaon 2007
Bajaj Allianz General Insurance Private Pune 2001
Bharti AXA General Insurance Private Mumbai 2008
Cholamandalam MS General Insurance Private Chennai 2001
Cigna TTK Private Mumbai 1918
DHFL General Insurance Private Mumbai 2016
Digit Insurance Private Pune 2017
Edelweiss General Insurance Private Mumbai 2017
Export Credit Guarantee Corporation of India Private Mumbai 1957
Future Generali India Insurance Private Mumbai 2007
HDFC ERGO General Insurance Company Private Mumbai 2002
ICICI Lombard Private Mumbai 2001
IFFCO TOKIO General Insurance Private New Delhi 2000
Kotak Mahindra General Insurance Private Mumbai 2015
Liberty General Insurance Private Mumbai 2013
Magma HDI General Insurance Private Mumbai 2009
Max Bupa Health Insurance Private New Delhi 2008
National Insurance Company Public Kolkata 1906
New India Assurance Public Mumbai 1919
Raheja QBE General Insurance Private Mumbai 2007
Reliance General Insurance Private Mumbai 2000
Reliance Health Insurance Private Mumbai 2017
Religare Health Insurance Company Limited Private Gurgaon 2012
Royal Sundaram General Insurance Private Chennai 2000
SBI General Insurance Private Mumbai 2010
Shriram General Insurance Private Jaipur 2008
Star Health and Allied Insurance Private Chennai 2006
Tata AIG General Insurance Private Mumbai 2001
The Oriental Insurance Company Public New Delhi 1947
United India Insurance Company Public Chennai 1938
Universal Sompo General Insurance Company Private Mumbai 2007

Reinsurance companies

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

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

Source: en.wikipedia.org

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