List of Insurance Companies

The following is a list of Insurance Companies IRDA registered Life Insurance businesses.
please click on their names.

There are 57 insurance firms in India,
There are 24 life insurers, 34 non-life insurers.
Life Insurance Corporation (LIC) is the only corporation in the public sector.
In the non-life insurance market, there are six public sector insurers.

No particular insurance provider or insurance product supplied by any insurer is assessed, endorsed or recommended by infoinsurance.

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Life Insurance Companies in India 

Claim Settlement Ratio

Aditya Birla Sun Life Insurance Company

97.15%

Aegon Life Insurance Company

96.45%

Ageas Federal Life Insurance Company

95.79%

Aviva Life Insurance Company

96.06%

Bajaj Allianz Life Insurance Company

95.01%

Bharti AXA Life Insurance Company

97.28%

Canara HSBC OBC Life Insurance Company

94.04%

Edelweiss Tokio Life Insurance Company

95.82%

Exide Life Insurance Company

98.54%

Future Generali India Life Insurance Company

95.16%

HDFC Life Insurance Company

99.04%

ICICI Prudential Life Insurance Company   

98.58%

Ageas Federal Life Insurance Company

95.79%

IndiaFirst Life Insurance Company

92.82%

Kotak Mahindra Life Insurance Company

97.40%

Life Insurance Corporation of India Company

97.79%

Max Life Insurance Company

99.2%

PNB MetLife India Insurance Company

96.21%

Pramerica Life Insurance Limited

98.42%

Reliance Nippon Life Insurance Company

97.71%

Sahara India Life Insurance

90.16%

SBI Life Insurance Company

95.03%

Shriram Life Insurance Company

85.30%

Star Union Dai-ichi Life Insurance Company

96.74%

Tata AIA Life Insurance Company

99.07%

Short details about Life Insurance Companies

Aditya Birla Sun Life Insurance Company

Aditya Birla’s The joint venture between Aditya Birla Group and Sun Life Financial Inc has been launched by Sun Life Insurance.
It is a pioneer in Unit Linked Life Insurance policies and comprises over 600 branches across the country spanning across 500 municipalities.
Aditya Birla Sun Life insurance provides a comprehensive array of insurance services, such as protection schemes, child plans, health and retirement solutions, ULIP schemes, bespoke group products, and a product for life to provide full client satisfaction.

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Aegon Life Insurance Company

AEGON Life Insurance aims to deliver an exceptional and innovative workforce to a customer-centric organization.
In 2008, the firm began operating with a multi-channel distribution strategy to assist individuals to manage their lives in a far better way.
A range of products has been created which focus on giving clients strategies for their financial objectives.
The plans offered by the Company include a term plan, endowment scheme, Group scheme, ULIP, pension scheme, protection scheme, saving scheme, child plan, and rule plan.

Ageas Federal Life Insurance Company

Ageas is a joint venture between Ageas Bank, Federal Bank, and Ageas a European Insurance Company established in 2008.
The firm offers a comprehensive variety of capital management solutions and protection and retirement solutions to both company customers and individuals with a partner network of 2137 branches around the country.
The bank provides its clients with an inventive technical solution.
For the purpose of qualifying for the Ageas Federal Life Insurance, a minimum age of 18 years shall be limited to a maximum age of 55 years.

Aviva Life Insurance Company

The Dabur Group and Aviva group are joint ventures of Aviva Life Insurance Company.
Aviva Life Insurance covers several client base nations in a sensible manner with 121 networked centers around the country.
The firm is recognized to launch Unit Link and Unitized With-Profit Plan in the market, among other insurance companies across India.
The insurance company Aviva Life provides clients a wide choice of policies.
These plans meet all the purchasers’ requirements and requirements at extremely low prices.
Some of the company’s most popular plans are a protection plan, a rule plan, a kid plan, a pension plan, a health plan, a term plan, and a group insurance plan.

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Bajaj Allianz Life Insurance Company

Bajaj Allianz Life Insurance is a joint venture between Allianz SE and Bajaj Finserv Limited, a European financial services firm.
Bajaj Allianz Life Insurance Company, among other life insurance firms in India, satisfies its clients by offering them a large choice of products from

& Group and Health Insurance Children’s Plan.
The firm offers a wide range of bespoke goods to meet all customer requirements and give them a clear advantage.
This life insurance firm, launched in 2001, offers consumers a one-stop solution for their financial objectives.

Bharti AXA Life Insurance Company

Mumbai’s head office
The life and general insurance firm is Bharti AXA Life Insurance.
Bharti Enterprises and the AXA Group are joint ventures of this firm.
Customers can select a variety of products from investment plans to regular plans and life insurance plans to children’s plans.
The firm thrives enormously and has 123 offices in various Indian cities.
The consumers had the maximum complaints handled within a year and a claim settlement percentage of 97.28%. The company’s rules are for a maximum tenure of 65 years, and the planning age standards start with a minimum of 18 years to a maximum of 65 years.

Canara HSBC OBC Life Insurance Company

Canara is a joint venture between HSBC Insurance Holding Ltd., Canara Bank, and Oriental Bank. Canara HSBC Life Insurance was launched in 2008.
The firm functions as a network across India with around 7000 branches among three shareholder banks.
In addition, the firm offers the banking personnel in the 28 locations around the nation the training and coaching required.
The firm offers the best-customized goods with a large client base to satisfy the demands of consumers.
The company’s plans have a maximum duration of 40 years and the requirements for eligibility range from a minimum of 18 years to 70 years at maximum.

Edelweiss Tokio Life Insurance Company

In 2011 the newly founded private-sector insurance provider Edelweiss Tokio Life insurance company is based in India.
Tokyo Marine Holding and Edelweiss Group in India teamed together to establish the Edelweiss Tokyo Life Insurance Company.
The firm provides the client with a variety of high returns and guaranteed interest payments for life insurance products.
Some of the company’s most frequent programs include savings schemes, donation plans, kid plans, protection plans, and pension schemes.
In addition, the firm offers additional coverage such as accidental death benefits, accidental total, and permanent disability riders, and critics in order to comply with the client’s requirements.

Insurance Institute Of India

Exide Life Insurance Company

The established and lucrative life insurance firm Exide Life Insurance Company Limited was formed in 2001-02 and started to operate.
In Bengaluru, the Company has its headquarters.
INR 18,381 Crores assets are managed (as of 31 March 2021).
Exide Life Insurance sells its products via a variety of channels, such as Agency, Banking, Corporate Agency, and Broking, Direct Channel, and the Internet.
The channel includes more than 40,000 consultants at 200 sites around the country (as of 31 March 2021).
The Company offers insurance solutions for individual and group life.

Over six decades, Exide Industries has had an unrivaled reputation and repute as one of India’s most dependable brands.
Exide Industries, a dependable brand which India trusts, has made a consistent emphasis on innovation, broad geographical scope, strong relationships with branded customers, and continuous technological improvements with international business partners.
Exide Life Insurance Company Limited is 100 percent owned by Exide Industries Ltd. It was recognized as BFSI’s Economic Times Best Brand in 2020.
The Company was formed in 2000 and began operations in 2001, one of the pioneers among private life insurers in India.

Funture Generali India Life Insurance Company

The joint venture between the Generali Group, the Future Generali Life Insurance India, and the Industrial Trust Trust Limited, was founded in 2007.
The firm has a network of 98 branches across India and has been responsible for 11 policy areas since it was founded.
The firm gives the consumer a one-stop solution for all forms of financial security and supplies its goods in many sectors including safeguards, policy, and the Linked Unit Policies.
The plans are available with a maximum of 75 years and the requirements for eligibility vary from a minimum of 18 years to a maximum of 56 years.

HDFC Life Insurance Company

HDFC Life Insurance Company India is a joint venture between both the Ltd. and Standard Life Plus.
It was established in 2000.
Currently, the firm consists of 27 retail goods and 8 group products.
The firm offers a variety of insurance solutions such as pension plans, saving and health plans, protection plans, children’s plans,s and women’s plans in order to fulfill the customer’s diversified requirements.

ICICI Prudential Life Insurance Company

ICICI Prudential Life Insurance Company of India is an ICICI Bank Ltd./Prudential Plus joint venture.
As the first private sector life insurance in India, the business commenced operations in December 2000.
The firm has been maintaining its top position among the national private life insurers for over a decade.
ICICI Prudential Life Insurance offers a range of solutions that allow purchasers to reach their long-term goals in order to meet their customers’ differing lifestyle requirements.
ICICI Prudential life insurance provides products such as term plan, ULIP, pension plan, plan for children, and investment plan for children.

IndiaFirst Life Insurance Company

The two Indian public sector banks, Bank of Baroda and Andhra Bank, have entered into a common venture with the UK-based investor Legal and General.
The Mumbai-based firm offers capital, insurance schemes, and other policy.
The firm offers a wide selection of plans, such as saving plans, safeguard plans, pension plans, term plans, and kids’ plans, to meet the particular requirements.

Kotak Mahindra Life Insurance Company

Kotak Mahindra Life Insurance is based in Mumbai. It is located between the Kotak Mahindra Group and the Old Mutual Fund.
The strong emphasis of the firm remains with its customers: a range of terms, ULIP plans, child plans, saving plans, investments, safeguards plans, and pension schemes.
In terms of customization and great service, the firm has become a brand on the market for its customers.
Kotak Mahindra Life Insurance gives the maximum duration of the plans for 30 years and the criterion for qualifying for the plans for at least 18 years up to 65 years.

Life Insurance Corporation (LIC) India Company

It’s our country’s oldest insurance industry.
Established in 1956, a government-owned insurance company and investment organization offering its customers a range of insurance products is one of India’s major insurance firms.
The company’s common offerings include life insurance plans, pension schemes, children’s insurance plans, unit-related plans, special plans, and group schemes.
The firm has a network of 2,048 branches and employees in various towns and cities around the country.

Max Life Insurance Company

The company joined hands and created Max Life Insurance. Max Financial Service Ltd. and Mitsui Sumitomo Insurance Co. Ltd.
The firm offers the most extensive long-term protection, saving, and retirement programs with a multi-channel distribution company and high-service providers.
The firm offers a one-stop solution for all sorts of insurance and financial needs with a strong customer-centric approach.
With a good record of 15 years, Max Life Insurance offers excellent financial knowledge.

PNB MetLife India Insurance Company

PNB MetLife India Insurance Company has more than 1,800 business customers in India and is distributed over 150 sites in India.
The firm is famous for its goods for protection and retirement.
Besides this, there are several plans such as children’s schemes, a saving plan, a ULIP scheme, a monthly income plan, and a money-back plan.
In the year 2008, PNB MetLife Insurance Company was launched in India.
Eligibility conditions start from at least 18 years To at least 65 years for the insurance products supplied by the firm.

Pramerica Life Insurance Company

Although it is a new company, the company is expanding with heaps and limits and has achieved a notable market position.
Within a maximum term of 30 years, the firm provides a range of options for consumers.

Reliance Nippon Life Insurance Company

Reliance
A Reliance Capital of the Reliance Group is included in Nippon Live Insurance.
With a network of close to 1,230 subsidiaries around the country, the firm has over 10 million policyholders in the country.

The firm focuses largely on goods for individuals and group sand companies.
The firm offers a range of plans, including retirement, children, protection, investment, and health insurance, amongst the most comprehensive.
The maximum policy tenure is 35 years, while the requirements for eligibility to use the criteria start at least 18 years – a maximum of 55 years.

Sahara India Life Insurance

Sahara Life Insurance, which was established in 2004, is the first wholly-owned insurance business for private life in India.
The firm serves nearly all sectors of society from the government to the medium class and the city with a recognized presence in most parts of the country.
The Sahara Life Insurance provides a wide selection of products with a client-oriented approach, such as a money-back plan, a unit link plan, a term insurance plan, and a group insurance plan for each individual.

SBI Life Insurance Company

SBI Life Insurance Company was formed in 2001 and is a joint venture between BNP Paribas Cardiff and the State Bank of India.
SBI Life Insurance Company offers a very reasonable price for a complete array of life insurance and pension products.

Shriram Life Insurance Company

A joint venture between Shriram Group and Sanlam Group was founded in 2005 by Shriram Life Insurance.
The firm has a network of 630 subsidiaries throughout India and provides clients in different locations across India with a range of needs.
The firm is proud to use money efficiently and to keep costs down.
The main characteristics of the firm are that it concentrates on the governing market and serves the weaker part of the corporation.
The maximum term of the policy spans from a minimum of 18 years to a maximum of 65 years for a variety of plans supplied by the firm.

Star Union Dai-Ichi Life Insurance Company

Star Union Dai-Ichi Life Insurance Co. Ltd has engaged in a joint undertaking between the Bank of India, Union Bank of India, and Japan Life insurance firm Dai-Ichi Life Life.
The firm supplies clients with a wide variety of insurance products.
Star Union Dai-Ichi Life Insurance provides consumers around the country with a variety of social and economic backgrounds.
The firm is committed to its buyers over a long period and has won confidence over a lengthy period.

TATA AIA Life Insurance Company

A joint venture was created between TATA Sons and the AIA Group and TATA AIA life insurance company was formed.
In this venture, TATA Sons have a majority of shares, i.e. 75%, and AIA Group 26%.
The firm operates with a customer-focused strategy and provides employees, associations, and insurance companies with a wide choice of insurance products.
The firm began working on many plan components, including a group plan, children’s plan, wealth plan, protection plan, microinsurance, and savings plan in 2001.

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