In India, the insurance sector is overseen by the Insurance Regulatory and Development Authority of India (IRDAI). This statutory authority is tasked with regulating and fostering the expansion of various insurance companies across the nation. For detailed insights into IRDAI, refer to the linked page for comprehensive information.

This article aims to compile a comprehensive list of insurance companies functioning in India, covering both life and non-life insurers. It serves to provide critical insights into the Indian insurance landscape, aiding individuals in their exam preparation or for gaining general knowledge. Moreover, a downloadable PDF that lists all insurance companies in India is provided at the end of this article for added convenience.

Download List of Insurance Companies in India PDF: Download PDF Here

Understanding the insurance industry is essential, particularly for those preparing for exams regulated by bodies such as the Life Insurance Corporation of India (LIC), National Insurance Company Limited (NICL), New India Assurance Company Limited (NIACL), and the IRDAI. Additionally, the list of insurance companies proves crucial for candidates prepping for various government exams, including RRB exams, SSC exams, and Bank exams.

To develop a deeper understanding of insurance principles, which form a significant exam topic, candidates are encouraged to explore the core principles of insurance. Familiarity with these concepts will serve to enhance performance in the General Awareness segment of these exams.

Moreover, aspirants of government exams can benefit from exploring other general awareness subjects. Here’s a list of useful links:

• Longest Bridges in India
• Famous Books and Authors
• World’s Largest Libraries
• Letter Writing Format
• IPL Winners List
• Airports in India
• List of Countries, Capitals, and Currencies
• Prepositions Rules
• Online Quiz 2023

Insurance Companies in India

India's insurance sector consists of a total of 57 companies, encompassing both life and non-life insurers. Specifically, 24 companies are involved in the life insurance business, while 34 specialize in non-life insurance.

Among the life insurance companies, the Life Insurance Corporation of India (LIC) stands as the sole public sector entity. In the reinsurance domain, the General Insurance Corporation of India (GIC) is the only reinsurer acknowledged by the IRDAI. Moreover, there are six public sector insurers in the non-life insurance category.

List of Life Insurance Companies in India

• Life Insurance Corporation of India (LIC): Established in 1956 and headquartered in Mumbai, LIC is a public sector entity.
• HDFC Standard Life Insurance Co. Ltd.: Founded in 2000, this private company has its headquarters in Mumbai.
• Max Life Insurance Co. Ltd.: Established in 2000, Max Life is a private company based in Delhi.
• ICICI Prudential Life Insurance Co. Ltd.: This private sector company, founded in 2000, is headquartered in Mumbai.
• Kotak Mahindra Life Insurance Co. Ltd.: A private entity established in 2001, located in Mumbai.
• Aditya Birla Sun Life Insurance Co. Ltd.: Founded in 2000, this private company is located in Mumbai.
• TATA AIA Life Insurance Co. Ltd.: Headquartered in Mumbai, this private insurer was established in 2001.
• SBI Life Insurance Co. Ltd.: Founded in 2001, this private company is based in Mumbai.
• Exide Life Insurance Co. Ltd.: A private company, established in 2001 and based in Bangalore.
• Bajaj Allianz Life Insurance Co. Ltd.: Headquartered in Pune, it is a private sector entity established in 2001.
• PNB MetLife India Insurance Co. Ltd.: This private company, established in 2001, is based in Mumbai.
• Reliance Nippon Life Insurance Company: Founded in 2001, this private company is headquartered in Mumbai.
• Aviva Life Insurance Company India Ltd.: Established in 2002 and located in Gurugram, Aviva Life is a private entity.
• Sahara India Life Insurance Co. Ltd.: A private insurer founded in 2004 and headquartered in Lucknow.
• Shriram Life Insurance Co. Ltd.: This private sector company, founded in 2005, is based in Hyderabad.
• Bharti AXA Life Insurance Co. Ltd.: Established in 2008, this private company is headquartered in Mumbai.
• Future Generali India Life Insurance Co. Ltd.: Founded in 2007, it operates as a private company headquartered in Mumbai.
• IDBI Federal Life Insurance Co. Ltd.: Founded in 2008 and based in Mumbai, this is a private company.
• Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd.: Established in 2008, located in Gurugram, it's a private company.
• Aegon Life Insurance Co. Ltd.: Founded in 2008, it is a private company with headquarters in Mumbai.
• Pramerica Life Insurance Co. Ltd.: Headquartered in Mumbai, this private entity was established in 2008.
• Star Union Dai-Ichi Life Insurance Co. Ltd.: Founded in 2008 and located in Mumbai, it is a private company.
• IndiaFirst Life Insurance Co. Ltd.: Established in 2009, this private company is headquartered in Mumbai.
• Edelweiss Tokio Life Insurance Co. Ltd.: Founded in 2011 and based in Mumbai, this is a private company.

List of Non-Life Insurance Companies in India

• Acko General Insurance: Established in 2016, headquartered in Mumbai, Acko is a private company.
• Aditya Birla Health Insurance: Founded in 2015 and based in Mumbai, it is a private company.
• Agriculture Insurance Company of India: A public sector company established in 2002, headquartered in New Delhi.
• Apollo Munich Health Insurance: Founded in 2007, this private company is based in Gurgaon.
• Bajaj Allianz General Insurance: A private sector company established in 2001, located in Pune.
• Bharti AXA General Insurance: This private insurer, established in 2008, is headquartered in Mumbai.
• Cholamandalam MS General Insurance: Founded in 2001, it operates as a private company based in Chennai.
• Cigna TTK: Established in 1918, this private company is headquartered in Mumbai.
• DHFL General Insurance: Founded in 2016 and based in Mumbai, it is a private company.
• Digit Insurance: A private sector company founded in 2017, located in Pune.
• Edelweiss General Insurance: Founded in 2017 and headquartered in Mumbai, it is a private company.
• Export Credit Guarantee Corporation of India: A private company established in 1957, headquartered in Mumbai.
• Future Generali India Insurance: Founded in 2007 and located in Mumbai, it is a private company.
• HDFC ERGO General Insurance Company: Operating since 2002, this private company is based in Mumbai.
• ICICI Lombard: Established in 2001, headquartered in Mumbai, it's a private company.
• IFFCO TOKIO General Insurance: This private sector insurer, founded in 2000, is headquartered in Gurugram.
• Kotak Mahindra General Insurance: A private company initiated in 2015 and based in Mumbai.
• Liberty General Insurance: Founded in 2013 and headquartered in Mumbai, it is a private company.
• Magma HDI General Insurance: A private sector company established in 2009, headquartered in Mumbai.
• Max Bupa Health Insurance: Founded in 2008, based in New Delhi, it is a private company.
• National Insurance Company: This public sector insurer was established in 1906, headquartered in Kolkata.
• New India Assurance: Established in 1919, this public company is headquartered in Mumbai.
• Raheja QBE General Insurance: Founded in 2007, this private company is based in Mumbai.
• Reliance General Insurance: Established in 2000, headquartered in Mumbai, it is a private company.
• Reliance Health Insurance: A private entity established in 2017, headquartered in Mumbai.
• Religare Health Insurance Company Limited: Founded in 2012, located in Gurgaon, it is a private company.
• Royal Sundaram General Insurance: A private entity established in 2000, based in Chennai.
• SBI General Insurance: Founded in 2010 and located in Mumbai, this is a private insurer.
• Shriram General Insurance: Established in 2008, headquartered in Jaipur, it operates as a private company.
• Star Health and Allied Insurance: This private company, established in 2006, is located in Chennai.
• Tata AIG General Insurance: Founded in 2001, it operates as a private company headquartered in Mumbai.
• The Oriental Insurance Company: This public sector company, headquartered in New Delhi, was founded in 1947.
• United India Insurance Company: Established in 1938, located in Chennai, it is a public sector company.
• Universal Sompo General Insurance Company: A private entity founded in 2007, headquartered in Mumbai.

This detailed list provides a comprehensive overview of life and non-life insurance companies in India, acting as an invaluable resource for anyone interested in understanding the vast structure of the country's insurance market.