Following is the list of insurance companies in India which have been approved by the Insurance Regulatory and Development Authority of India (IRDAI) which is a statutory body regulating and promoting the insurance and reinsurance industries in India.There are three types of Insurance Companies in India which are as given below:

Life insurance companies

As of January 2024, IRDAI has recognized 26 life insurance companies. Following is the list:[1]

List is arranged chronologically based on their recognition by IRDAI
# Company Sector Headquarters Founded
1 Life Insurance Corporation of India Govt. Mumbai 1956
2 HDFC Life Insurance Co. Ltd. Private Mumbai 2000
3 Max Life Insurance Co. Ltd. Private Delhi 2000
4 ICICI Prudential Life Insurance Co. Ltd. Private Mumbai 2000
5 Kotak Mahindra Life Insurance Co. Ltd. Private Mumbai 2001
6 Aditya Birla Sun Life Insurance Co. Ltd. Private Mumbai 2000
7 TATA AIA Life Insurance Co. Ltd. Private Mumbai 2001
8 SBI Life Insurance Co. Ltd. Public Mumbai 2001
9 Exide Life Insurance Co. Ltd. Private Bengaluru 2001
10 Bajaj Allianz Life Insurance Co. Ltd. Private Pune 2001
11 PNB MetLife India Insurance Co. Ltd. Private Mumbai 2001
12 Reliance Nippon Life Insurance Company Private Mumbai 2001
13 Aviva Life Insurance Company India Ltd. Private Gurugram 2002
14 Sahara India Life Insurance Co. Ltd. Private Lucknow 2004
15 Shriram Life Insurance Co. Ltd. Private Hyderabad 2005
16 Bharti AXA Life Insurance Co. Ltd. Private Mumbai 2008
17 Future Generali India Life Insurance Co. Ltd. Private Mumbai 2007
18 Ageas Federal Life Insurance Co. Ltd. Private Mumbai 2008
19 Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd. Private Gurugram 2008
20 Aegon Life Insurance Co. Ltd. Private Mumbai 2008
21 Pramerica Life Insurance Co. Ltd. Private Mumbai 2008
22 Star Union Dai-ichi Life Insurance Private Mumbai 2008
23 IndiaFirst Life Insurance Co. Ltd. Private Mumbai 2009
24 Edelweiss Tokio Life Insurance Co. Ltd. Private Mumbai 2011

Non Life insurance companies

As of January 2024, IRDAI has recognized 31 non-life insurance companies. [2][3]

Company Sector Headquarters Founded
1 Acko General Insurance Private Mumbai 2016
2 Aditya Birla Health Insurance Private Mumbai 2015
3 Agriculture Insurance Company of India Govt. New Delhi 2002
4 Bajaj Allianz General Insurance Private Pune 2001
5 Cholamandalam MS General Insurance Private Chennai 2001
6 Manipal Cigna Health Insurance Company Limited Private Mumbai 2014
7 Navi General Insurance Limited Private Bengaluru 2016
8 Digit Insurance Private Pune 2017
9 Edelweiss General Insurance Private Mumbai 2017
10 Export Credit Guarantee Corporation of India Govt. Mumbai 1957
11 Future Generali India Insurance Private Mumbai 2007
12 HDFC ERGO General Insurance Company Private Mumbai 2002
13 ICICI Lombard Private Mumbai 2001
14 IFFCO TOKIO General Insurance Private Gurugram 2000
15 Kotak Mahindra General Insurance Private Mumbai 2015
16 Liberty General Insurance Private Mumbai 2013
17 Magma HDI General Insurance Private Mumbai 2009
18 Niva Bupa Health Insurance Private New Delhi 2008
19 National Insurance Company Govt. Kolkata 1906
20 New India Assurance Govt. Mumbai 1919
21 Raheja QBE General Insurance Private Mumbai 2007
22 Reliance General Insurance Private Mumbai 2000
23 Care Health Insurance Ltd Private Gurugram 2012
24 Royal Sundaram General Insurance Private Chennai 2000
25 SBI General Insurance Private Mumbai 2010
26 Shriram General Insurance Private Jaipur 2008
27 Star Health and Allied Insurance Private Chennai 2006
28 Tata AIG General Insurance Private Mumbai 2001
29 The Oriental Insurance Company Govt. New Delhi 1947
30 United India Insurance Company Govt. Chennai 1938
31 Universal Sompo General Insurance Company Private Mumbai 2007

Reinsurance companies

As of January 2023, IRDAI has recognized one reinsurance company.[4]

Company Sector Headquarters Founded
1 General Insurance Corporation of India Govt. Mumbai 1972

References

  1. ^ "List of Life Insurers". IRDAI. Retrieved 2023-01-31.
  2. ^ "List of General Insurers". IRDAI. Retrieved 2023-01-31.
  3. ^ "List of Health Insurers". IRDAI. Retrieved 2023-01-31.
  4. ^ "List of Reinsurers". IRDAI. Retrieved 2023-01-31.

External links

Insurance in India
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