List of Insurance Companies In India 2023 PDF


List of Insurance Companies In India

List of Insurance Companies In India: This article will abreast candidates with the list of Insurance companies in India. They will get the list of various Life Insurances companies, General Insurance company and Non-Life Insurance Companies List in this article.

Insurance Companies In India

  • The insurance industry comprises a total of 57 insurance companies in India.
  • For Life Insurance Business there are 24 companies recognized by IRDA, similarly for non-life insurance 34 companies got the approval from IRDA.
  • Life Insurance Corporation of India is the only public sector company among the life insurers. 
  • General Insurance Corporation of India is the only reinsurer in India recognized by the Insurance Regulatory and Development Authority. 
  • And, there are 6 public sector insurers among various non-life insurance companies

Given below is the list of 24 Life Insurance Companies in India recognized by the IRDA along with their headquarters, year of foundation and the sector (Public/Private) they belong to:

Life Insurance Companies in India

Life Insurance Companies in India
Insurance CompaniesFoundedSectorHeadquarters
Life Insurance Corporation of India1956PublicMumbai
HDFC Standard Life Insurance Co. Ltd.2000PrivateMumbai
Max Life Insurance Co. Ltd.2000PrivateDelhi
ICICI Prudential Life Insurance Co. Ltd.2000PrivateMumbai
Kotak Mahindra Life Insurance Co. Ltd.2001PrivateMumbai
Aditya Birla Sun Life Insurance Co. Ltd.2000PrivateMumbai
TATA AIA Life Insurance Co. Ltd.2001PrivateMumbai
SBI Life Insurance Co. Ltd.2001PrivateMumbai
Exide Life Insurance Co. Ltd.2001PrivateBangalore
Bajaj Allianz Life Insurance Co. Ltd.2001PrivatePune
PNB MetLife India Insurance Co. Ltd.2001PrivateMumbai
Reliance Nippon Life Insurance Company2001PrivateMumbai
Aviva Life Insurance Company India Ltd.2002PrivateGurugram
Sahara India Life Insurance Co. Ltd.2004PrivateLucknow
Shriram Life Insurance Co. Ltd.2005PrivateHyderabad
Bharti AXA Life Insurance Co. Ltd.2008PrivateMumbai
Future Generali India Life Insurance Co. Ltd.2007PrivateMumbai
IDBI Federal Life Insurance Co. Ltd.2008PrivateMumbai
Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd.2008PrivateGurugram
Aegon Life Insurance Co. Ltd.2008PrivateMumbai
Pramerica Life Insurance Co. Ltd.2008PrivateMumbai
Star Union Dai-Ichi Life Insurance Co. Ltd.2008PrivateMumbai
IndiaFirst Life Insurance Co. Ltd.2009PrivateMumbai
Edelweiss Tokio Life Insurance Co. Ltd.2011PrivateMumbai

Non-Life Insurance Companies In India

The table below gives the list of non-life insurance companies that are 34 in numbers. Candidates are advised to download the Insurance Companies in India PDF given after the list containing both life and non-life insurance companies list. 

Non-Life Insurance Companies In India
Insurance CompaniesFoundedSectorHeadquarter
Acko General Insurance2016PrivateMumbai
Aditya Birla Health Insurance2015PrivateMumbai
Agriculture Insurance Company of India2002PublicNew Delhi
Apollo Munich Health Insurance2007PrivateGurgaon
Bajaj Allianz General Insurance2001PrivatePune
Bharti AXA General Insurance2008PrivateMumbai
Cholamandalam MS General Insurance2001PrivateChennai
Cigna TTK1918PrivateMumbai
DHFL General Insurance2016PrivateMumbai
Digit Insurance2017PrivatePune
Edelweiss General Insurance2017PrivateMumbai
Export Credit Guarantee Corporation of India1957PrivateMumbai
Future Generali India Insurance2007PrivateMumbai
HDFC ERGO General Insurance Company2002PrivateMumbai
ICICI Lombard2001PrivateMumbai
IFFCO TOKIO General Insurance2000PrivateGurugram
Kotak Mahindra General Insurance2015PrivateMumbai
Liberty General Insurance2013PrivateMumbai
Magma HDI General Insurance2009PrivateMumbai
Max Bupa Health Insurance2008PrivateNew Delhi
National Insurance Company1906PublicKolkata
New India Assurance1919PublicMumbai
Raheja QBE General Insurance2007PrivateMumbai
Reliance General Insurance2000PrivateMumbai
Reliance Health Insurance2017PrivateMumbai
Religare Health Insurance Company Limited2012PrivateGurgaon
Royal Sundaram General Insurance2000PrivateChennai
SBI General Insurance2010PrivateMumbai
Shriram General Insurance2008PrivateJaipur
Star Health and Allied Insurance2006PrivateChennai
Tata AIG General Insurance2001PrivateMumbai
The Oriental Insurance Company1947PublicNew Delhi
United India Insurance Company1938PublicChennai
Universal Sompo General Insurance Company2007PrivateMumbai

List of Insurance Companies In India 2023:FAQs

Q. How many insurance companies are there in India?

Ans: A list of all the Insurance companies in India is provided in the article above

Q. Who is the Chairman of IRDA?

Ans: Shri Debasish Panda is the chairman of IRDA

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