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.
Life insurance companies
As of October 2018, IRDAI has recognized 24 life insurance companies. Following is the list:[1]
| # | Company | Sector | Headquarters | Founded |
|---|---|---|---|---|
| 1 | Life Insurance Corporation of India | Govt. | Mumbai | 1956 |
| 2 | HDFC Standard 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 AIG Life Insurance Co. Ltd. | Private | Mumbai | 2001 |
| 8 | SBI Life Insurance Co. Ltd. | Private | Mumbai | 2001 |
| 9 | Exide Life Insurance Co. Ltd. | Private | Bangalore | 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 | IDBI 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 Co. Ltd. | Private | Mumbai | 2008 |
| 23 | IndiaFirst Life Insurance Co. Ltd. | Private | Mumbai | 2009 |
| 24 | Edelweiss Tokio Life Insurance Co. Ltd. | Private | Mumbai | 2011 |
General insurance companies
As of October 2018, IRDAI has recognized 34 non-life insurance companies.[2]
| 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 | Apollo Munich Health Insurance | Private | Gurgaon | 2007 |
| 5 | Bajaj Allianz General Insurance | Private | Pune | 2001 |
| 6 | Bharti AXA General Insurance | Private | Mumbai | 2008 |
| 7 | Cholamandalam MS General Insurance | Private | Chennai | 2001 |
| 8 | Cigna TTK | Private | Mumbai | 1918 |
| 9 | DHFL General Insurance | Private | Mumbai | 2016 |
| 10 | Digit Insurance | Private | Pune | 2017 |
| 11 | Edelweiss General Insurance | Private | Mumbai | 2017 |
| 12 | Export Credit Guarantee Corporation of India | Govt. | Mumbai | 1957 |
| 13 | Future Generali India Insurance | Private | Mumbai | 2007 |
| 14 | HDFC ERGO General Insurance Company | Private | Mumbai | 2002 |
| 15 | ICICI Lombard | Private | Mumbai | 2001 |
| 16 | IFFCO TOKIO General Insurance | Private | Gurugram | 2000 |
| 17 | Kotak Mahindra General Insurance | Private | Mumbai | 2015 |
| 18 | Liberty General Insurance | Private | Mumbai | 2013 |
| 19 | Magma HDI General Insurance | Private | Mumbai | 2009 |
| 20 | Max Bupa Health Insurance | Private | New Delhi | 2008 |
| 21 | National Insurance Company | Govt. | Kolkata | 1906 |
| 22 | New India Assurance | Govt. | Mumbai | 1919 |
| 23 | Raheja QBE General Insurance | Private | Mumbai | 2007 |
| 24 | Reliance General Insurance | Private | Mumbai | 2000 |
| 25 | Reliance Health Insurance | Private | Mumbai | 2017 |
| 26 | Religare Health Insurance Company Limited | Private | Gurgaon | 2012 |
| 27 | Royal Sundaram General Insurance | Private | Chennai | 2000 |
| 28 | SBI General Insurance | Private | Mumbai | 2010 |
| 29 | Shriram General Insurance | Private | Jaipur | 2008 |
| 30 | Star Health and Allied Insurance | Private | Chennai | 2006 |
| 31 | Tata AIG General Insurance | Private | Mumbai | 2001 |
| 32 | The Oriental Insurance Company | Govt. | New Delhi | 1947 |
| 33 | United India Insurance Company | Govt. | Chennai | 1938 |
| 34 | Universal Sompo General Insurance Company | Private | Mumbai | 2007 |
Reinsurance companies
As of January 2020, IRDAI has recognized one reinsurance company.[3]
| Company | Sector | Headquarters | Founded | |
|---|---|---|---|---|
| 1 | General Insurance Corporation of India | Govt. | Mumbai | 1972 |
References
- ↑ "Updated List of Life Insurers". IRDAI. 31 October 2018. Retrieved 14 November 2018.
- ↑ "List of Non-life insurer". IRDAI. 31 October 2018. Retrieved 14 November 2018.
- ↑ "List of Re-insurers". IRDAI. 2 January 2020. Retrieved 9 January 2020.
External links
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