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.
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:
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|World’s Largest Libraries||Letter Writing Format|
|IPL Winners List||Airport In India|
|List of Country, Capital & Currency||Prepositions Rules|
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|
|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|
|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|
|DHFL General Insurance||2016||Private||Mumbai|
|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|
|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|
Candidates can check the relevant link for assistance in government exam preparation:
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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?
- National Securities Depository Limited
- ING Vysya
- New India Assurance company
- ICICI prudential
Answer (1) National Securities Depository Limited
Q.2. Which of the following organisation issue ULIP?
- Insurance companies
Answer (4) Insurance Companies
Q.3. In the field of life insurance, which is the only public sector company?
- Oriental insurance company
- General insurance company
- Life Insurance Corporation of India
- 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?
- Insurance Australia Group
- New India Assurance Ltd.
- Lehman Brothers Holdings Inc.
Answer (1) Insurance Australia Group
Q.5. How many Insurance Companies are there in India?
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: