Aum Of Life Insurance Companies In India 2019

The total value of sold policies in the year 2018 19 is 21 4 million.

Aum of life insurance companies in india 2019. 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. In terms of growth percentage the aum of private life insurers grew faster compared to lic. 1 bajaj allianz 2 birla sun life 3 hdfc life 4 icici prudential 5 lic 6 max life 7 pnb metlife 8 kotak life 9 sbi life 10 tata aia 11 reliance life 12 aviva life. Indiastat com provide the latest data information of progress about group insurance scheme for power loom workers selected state wise amount released number of insurance policies renewed and premium received by life insurers in india growth statistics details figures.

In april 2020 axis bank acquired an additional 29 stake in max life insurance. As of 2019 life insurance corporation of india had total life fund of 28 3 trillion. Among the top ten private insurers icici prudential retained its top position with aum of over rs 1 5lakh crore 15 growth while sbi life stood at the second position with aum of rs 1 3 lakh crore 22 growth. Future generali india life opens 14 new offices.

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. Future generali india life insurance has added 14 new offices while revamping its 3 existing offices it recruited close to 215 employees and 2376 distributors in the current year and is hopeful to further increase these numbers in the next two years. 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. Please do not consider it as top 10 or top 20 life insurance companies in india.

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 societies were merged to create the state owned life insurance corporation of india. In september 2019 competition commission of india cci approved acquisition of shares in sbi general insurance by napean opportunities llp and honey wheat. In november 2019 airtel partnered with bharti axa life to launch prepaid bundle with insurance cover.