List of Insurance Companies In India

Insurance Companies in India are recognised by the IRDA – Insurance Regulatory and Development Authority of India, the statutory body promoting and regulating various types of insurance companies in India.

Candidates for detailed information on IRDA can check the linked page. 

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.

Candidates will also be able to download the List of Insurance Companies in India PDF given below and at the bottom of the article. 

List Of Insurance Companies In India PDF:-Download PDF Here

Knowing about insurance companies is important especially for candidates appearing for Insurance exams such as LIC, NICL, NIACL and IRDA. List of Insurance companies is also a relevant topic for candidates preparing for various government exams such as RRB exams, SSC exams, Bank Exams etc. 

Candidates can go through important Principles of Insurance, a relevant topic from the exams point of view. 

Candidates appearing for any above-mentioned exams may encounter questions on Insurance companies of India in the General Awareness Section of these exams. 

Well, candidates appearing for any government exams must check the important links on various  general awareness topics given below: 

Candidates can check other relevant topics for the general awareness section:

Government Exam 2020

Insurance Companies In India

  • The insurance industry comprises a total of 57 insurance companies in India.
  • For Life Insurance Business there are 24 companies recognised 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 recognised 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 recognised by the IRDA along with their headquarters, year of foundation and the sector (Public/Private) they belong to:

Life Insurance Companies in India
Insurance Companies Founded Sector Headquarters
Life Insurance Corporation of India 1956 Public Mumbai
HDFC Standard Life Insurance Co. Ltd. 2000 Private Mumbai
Max Life Insurance Co. Ltd. 2000 Private Delhi
ICICI Prudential Life Insurance Co. Ltd. 2000 Private Mumbai
Kotak Mahindra Life Insurance Co. Ltd. 2001 Private Mumbai
Aditya Birla Sun Life Insurance Co. Ltd. 2000 Private Mumbai
TATA AIA Life Insurance Co. Ltd. 2001 Private Mumbai
SBI Life Insurance Co. Ltd. 2001 Private Mumbai
Exide Life Insurance Co. Ltd. 2001 Private Bangalore
Bajaj Allianz Life Insurance Co. Ltd. 2001 Private Pune
PNB MetLife India Insurance Co. Ltd. 2001 Private Mumbai
Reliance Nippon Life Insurance Company 2001 Private Mumbai
Aviva Life Insurance Company India Ltd. 2002 Private Gurugram
Sahara India Life Insurance Co. Ltd. 2004 Private Lucknow
Shriram Life Insurance Co. Ltd. 2005 Private Hyderabad
Bharti AXA Life Insurance Co. Ltd. 2008 Private Mumbai
Future Generali India Life Insurance Co. Ltd. 2007 Private Mumbai
IDBI Federal Life Insurance Co. Ltd. 2008 Private Mumbai
Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd. 2008 Private Gurugram
Aegon Life Insurance Co. Ltd. 2008 Private Mumbai
Pramerica Life Insurance Co. Ltd. 2008 Private Mumbai
Star Union Dai-Ichi Life Insurance Co. Ltd. 2008 Private Mumbai
IndiaFirst Life Insurance Co. Ltd. 2009 Private Mumbai
Edelweiss Tokio Life Insurance Co. Ltd. 2011 Private Mumbai

Reference – Wikipedia [https://en.wikipedia.org/wiki/List_of_insurance_companies_in_India]

Now that you are up to date with the various Life Insurance companies in the nation, go through the list of insurance companies in India other than life insurance ones i.e. the Non-Life Insurance Companies in India. 

List of 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 Companies Founded Sector Headquarter
Acko General Insurance 2016 Private Mumbai
Aditya Birla Health Insurance 2015 Private Mumbai
Agriculture Insurance Company of India 2002 Public New Delhi
Apollo Munich Health Insurance 2007 Private Gurgaon
Bajaj Allianz General Insurance 2001 Private Pune
Bharti AXA General Insurance 2008 Private Mumbai
Cholamandalam MS General Insurance 2001 Private Chennai
Cigna TTK 1918 Private Mumbai
DHFL General Insurance 2016 Private Mumbai
Digit Insurance 2017 Private Pune
Edelweiss General Insurance 2017 Private Mumbai
Export Credit Guarantee Corporation of India 1957 Private Mumbai
Future Generali India Insurance 2007 Private Mumbai
HDFC ERGO General Insurance Company 2002 Private Mumbai
ICICI Lombard 2001 Private Mumbai
IFFCO TOKIO General Insurance 2000 Private Gurugram
Kotak Mahindra General Insurance 2015 Private Mumbai
Liberty General Insurance 2013 Private Mumbai
Magma HDI General Insurance 2009 Private Mumbai
Max Bupa Health Insurance 2008 Private New Delhi
National Insurance Company 1906 Public Kolkata
New India Assurance 1919 Public Mumbai
Raheja QBE General Insurance 2007 Private Mumbai
Reliance General Insurance 2000 Private Mumbai
Reliance Health Insurance 2017 Private Mumbai
Religare Health Insurance Company Limited 2012 Private Gurgaon
Royal Sundaram General Insurance 2000 Private Chennai
SBI General Insurance 2010 Private Mumbai
Shriram General Insurance 2008 Private Jaipur
Star Health and Allied Insurance 2006 Private Chennai
Tata AIG General Insurance 2001 Private Mumbai
The Oriental Insurance Company 1947 Public New Delhi
United India Insurance Company 1938 Public Chennai
Universal Sompo General Insurance Company 2007 Private Mumbai

List Of Insurance Companies In India PDF:-Download PDF Here

 Candidates can check the relevant link for assistance in government exam preparation:

Insurance Companies In India – Sample Question For General Awareness

The importance of the list of Insurance companies in India for government or any competitive examinations can be understood only by knowing the type of question asked in exams based on it.

Hence, given below are a few sample questions on Insurance companies in India asked in the general awareness section of competitive exams.

Q.1 From the following which is not an insurance company functioning in India?

  1. National Securities Depository Limited
  2. ING Vysya
  3. New India Assurance company
  4. ICICI prudential

Answer (1) National Securities Depository Limited

Q.2. Which of the following organisation issue ULIP?

  1. Banks
  2. RBI
  3. NABARD
  4. Insurance companies

Answer (4) Insurance Companies

Q.3. In the field of life insurance, which is the only public sector company?

  1. Oriental insurance company
  2. General insurance company
  3. Life Insurance Corporation of India
  4. New India assurance company

Answer (3) Life Insurance Corporation of India

Q.4. The SBI for undertaking general insurance business entered in a joint venture with?

  1. Insurance Australia Group
  2. New India Assurance Ltd.
  3. Allianz
  4. Lehman Brothers Holdings Inc.

Answer (1) Insurance Australia Group

Q.5. How many Insurance Companies are there in India?

  1. 24
  2. 34
  3. 57
  4. 47

Answer (3) 57 Insurance Companies in India

Apart from the above-given questions, check Previous Year Question Papers with solution PDF to understand the type of questions asked in the general awareness section of competitive exams.

Candidates appearing for any of the government examinations can check the details and syllabus from the given links:

Bank Exams 2020

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