24 Life Insurance Companies In India

What s more is 100 possessed by exide ventures ltd.

24 life insurance companies in india. 601 602 6th floor raheja titanium off western express highway goregaon e mumbai 400 063. Bharti axa life insurance company ltd. There are six public sector insurers in the non life insurance segment. With acknowledgeable presence in most part of the country the company serves almost all the sections of the society right from ruler to middle class and urban based.

Future generali india life insurance company limited 6th floor tower 3 indiabulls finance centre senapati bapat marg elphinstone road w mumbai. Found in the year 2000 the exide life insurance company began its activity in 2001. The insurance industry of india has 57 insurance companies 24 are in the life insurance business while 33 are non life insurers. Following is the list.

Among the life insurers life insurance corporation lic is the sole public sector company. 2 15 trillion or us 30 7 billion showing a 10 73 per cent year on year growth. Established in 1956 this is a state owned enterprise which offers a huge and diverse variety of life insurance products such as endowment plans money back plans term assurance plans pension plans unit linked plans children plans group schemes special plans and many more. The latest life insurance penetration stood at 2 76 and the level of life insurance density was usd 55.

Know more icici prudential. During 2017 18 the life insurance business registered a growth rate of 8 in india inflation adjusted. As of october 2018 irdai has recognized 24 life insurance companies. Lic is the oldest and most trusted brand amongst the best life insurance companies in india.

Established in 2004 sahara life insurance is india s first wholly owned private life insurance company. It was the 1st indian insurance company to be listed in bse nse. According to ibef india brand equity foundation in fy19 the total premium from the new life insurance business in india increased up to rs. The life insurance sector in india comprises of 24 are life insurance companies among the life insurance companies life insurance corporation lic of india is the only public sector company.

Icici prudential officially started its operations in 2001 and since then has maintained its position as a top player in the market. Please do not consider it as top 10 or top 20 life insurance companies in india. Icici prudential life insurance company. Among the life insurance companies life insurance corporation lic is the single public sector company in india.