Aum Of Life Insurance Companies In India

Future generali india life insurance company.

Aum of life insurance companies in india. It is a list of life insurance companies in india in a random order in 2020. Please do not consider it as top 10 or top 20 life insurance companies in india. Future generali india life insurance company limited indiabulls finance centre tower 3 6 th floor senapati bapat marg elphonstone w mumbai 400 013 133 mr. Kotak mahindra life insurance company.

It is one of the fastest growing insurance companies in india and max life s asset under management has now touched the mark of inr 50 000 crores. Over 245 insurance companies and provident. The life insurance corporation of india was founded on september 1 1956 when the parliament of india passed the life insurance of india act that nationalized the insurance industry in india. Max life insurance company is a joint venture between indian max india ltd a multi business indian corporate and mitsui sumitomo insurance company a japanese insurance company.

Private insurers witnessed a growth of 17 in aum from rs 6 62 lakh crore as on march 2018 to rs 7 72 lakh crore as on march 2019. Icici prudential life insurance company 98 58. In terms of growth percentage the aum of private life insurers grew faster compared to lic. Life insurance corporation of india company.

Among the top ten private insurers icici prudential retained its top position with aum of over rs 1 lakh crore 17 growth while sbi life stood at the second position with aum of rs 96 873 crore 21 growth. Max life insurance company. During the year total asset under management grew to rs 29 80 lakh crore from rs 25 3 lakh crore in the previous year according to the data collated by the life insurance council. In today s date icici prudential life insurance is undoubtedly one of the most extensively recognized insurance companies in india.

Life insurance corporation of india abbreviated as lic is an indian state owned insurance and investment corporation owned by the government of india. Hdfc life insurance company. Life insurance industry saw 17 78 per cent increase in asset under management during the financial year 2016 17 aided the good growth in the equity market and inflows post demonetisation. Indiafirst life insurance company.

Idbi federal life insurance company.