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Life Insurance Companies in India
Life Insurance Companies offers a range of life insurance plans and policies. Here is the list of Life Insurance Companies operating in India to help you protect yourself and your family..
Private Sector Life Insurance
Aditya Birla Sunlife Insurance Company
Aditya Birla Sun Life Insurance was established in 2000 and there are more than 385 branches located across India. ABSLI is a brand with a strong legacy of Aditya Birla Capital Group. The company offers a wide range of solutions and our life insurance policies will help you in meeting your Protection and Financial needs for every important stage of your life.
Aegon Life Insurance Company
AEGON Life is one of the top digital life insurance companies; it was the first life insurance company to inaugurate online term insurance plans in India. AEGON Life was launched together with AEGON N. V, an international provider of life insurance, pensions, and asset management, and Bennett Coleman & Company, India’s largest media conjunction popularly known as the Times Group.
Aviva Life Insurance Company
Aviva Life Insurance Company Limited India is a joint venture between Dabur Invest Corporation and Aviva PLC is UK based Insurance Group. It is one of India’s oldest and respected insurance companies to fulfill policyholder certain needs. The main purpose of Aviva Life Insurance Company is to give simple and useful policies that achieve customer life goals. The company has a 300+ year legacy, 34 million customers, and 100+ branches across India, and a presence in the global market too.
Bajaj Allianz Life Insurance Company
Bajaj Allianz Life insurance is a joint venture between Bajaj Finserv Limited owned by Bajaj Group of India and Allianz SE, a European Financial Services company. It is one of the leading private life insurance companies in India. It has commenced its operations in India in 2001 after receiving the license from the insurance regulator IRDA. It has a distinctive agent network with more than 80k agents operating on its platform generating business for the company. There are more than 509 branches located across India and a comprehensive set of trusted partners including a strong online presence with the online sales channel.
Bharti AXA Life Insurance Company
Bharti AXA Life Insurance Company is a joint venture between Bharti Enterprises and the AXA Group, a multinational investment banking firm and financial expertise headquartered in Paris. It is one of India’s leading business groups with interests in Telecom, agricultural business, and financial services. Currently, the joint venture has a 51% stake from Bharti Group and a 49% stake from AXA, in line with the regulatory framework on ownership in the Insurance sector.
Canara HSBC OBC Life Insurance Company
Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited is a joint venture between Canara Bank (51%) and HSBC Insurance (Asia Pacific) Holdings Limited (26%) and Punjab National Bank (23%). The company brings the trust and market knowledge together of two big public sector banks in India namely Canara Bank and Punjab National Bank combined with the global insurance expertise of HSBC.
Edelweiss Tokio Life Insurance Company
Edelweiss Tokio Life Insurance company is a joint venture between Edelweiss Financial Services and Tokio Marine Holdings Inc. Edelweiss Financial Services holds a stake of 74% and Tokio Marine holds a stake of 26%. Edelweiss Tokio Life Insurance Company was established in 2011. The company has over 58,000 agents operating in 116 branches, across 93 locations in India.
Exide Life Insurance Company
Exide Life Insurance Company Limited is established on 13 December 2000. It was formerly known as ING Vysya Life Insurance Company. Exide Life Insurance Company is an established and profitable life insurance company, commenced operations in 2001-02. It is a non-government and commercial life insurance company and headquartered in Bengaluru (Karnataka).
Future Generali India Life Insurance Company
Future Generali India Life Insurance Company is one of the reputed insurance companies in India. Future Generali India Life Insurance Company Limited is a joint venture between three leading groups: Future Group and Generali Group and Industrial Investment Trust Limited (IITL).
HDFC Life Insurance Company
HDFC Life Insurance is a standard life insurance company supporter of housing development Finance Corporation limited. It is a joint venture between HDFC Ltd and standard life Aberdeen, a global investment company. HDFC Life is a leading long-term life insurance provider established in 2000, the company proposes individual and group insurance solutions that meet policyholder’s requirements as investment, savings, pension plans, protection, and health, etc.
ICICI Prudential Life Insurance Company
ICICI Prudential Life Insurance Company Limited is a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited. ICICI Company is the first private life insurance company in India that has received a National Insurer Financial Strength of AAA. This is a leading international financial services group headquartered in the UK. ICICI Prudential Company has consistently been a topmost company in the Indian Life Insurance Sector.
Ageas (IDBI) Federal Life Insurance Company
Ageas Federal Life Insurance formerly known as IDBI Federal Life Insurance Co Ltd is one of the rapidly growing life insurance organizations in India. The company provides a wide range of retirement, wealth management, and protection solutions to corporate customers and individuals. Ageas Federal Life Insurance Co Ltd is a joint venture of IDBI Bank, India’s premier commercial and premier development bank, and Federal Bank, a leading bank of India in the private sector, and Ageas, a multinational insurance company of Europe.
IndiaFirst Life Insurance Company
IndiaFirst Life insurance company was established in November 2009 and is headquartered in Mumbai. IndiaFirst Life Insurance Company Limited is the fastest growing and one of India’s youngest life insurance companies. The company has a paid-up share capital of INR 663 crore.
Kotak Mahindra Life Insurance
Kotak Mahindra Life Insurance Company Limited is a joint venture between Kotak Mahindra Bank Limited and Old Mutual Limited, a pan African investment, savings insurance, and banking group operating. It was established in 2001 and it has 229 branch offices in around 129 cities and towns in India.
MaxLife Insurance Company
Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited. Max Financial Services Ltd. is a part of the Max Group, an Indian multi-business corporation. Max Life has a total claim paid ratio of 99.35% as per the annual audited financials for FY 20-21.
Pramerica Life Insurance Company
Pramerica Life Insurance Limited is an insurance company in India. Pramerica Life Insurance Limited erstwhile DHFL Pramerica Life Insurance Company Limited, headquartered in Gurugram. The company provides a wide range of life insurance solutions for individuals as well as groups. We are committed to catering to our customers’ various financial protection needs such as securing their child’s future, retirement planning, tax saving, and wealth creation.
PNB Metlife India Insurance Company
PNB MetLife India Insurance Company Limited is one of the outstanding life insurance companies in India, its shareholders MetLife International Holdings LLC, Punjab National Bank Limited (PNB), M. Pallonji and Company Private Limited, Jammu & Kashmir Bank Limited, and other private investors, with MIHL and PNB being the majority shareholders. PNB MetLife has initiated its presence in India since 2001.
Reliance Nippon Life Insurance Company
Reliance Nippon Life Insurance Company Limited is one of the leading private sector life insurance companies in India. Reliance Nippon Life Insurance Company is an important part of Reliance Capital and it is a private-sector financial services and Non-banking Company. Reliance Capital has interests in stockbroking, life and general insurance, proprietary investments, private equity, and other activities in financial insurance services.
Sahara India Life Insurance Company
Sahara India Life Insurance Company Limited was established in the year 2004 headquartered in Lucknow, Uttar Pradesh, India. Sahara India Life Insurance Company Limited is the First Wholly Indian Private Life Insurance Company, without any foreign partnership to enter the Indian Life insurance market.
SBI Life Insurance Company
SBI Life is a joint venture between State Bank of India, the largest state-owned banking and financial services company in India and BNP Paribas Cardiff – a French Multinational bank and financial services company with HO in Paris. SBI Life insurance company, one of the most trusted life insurance companies in India, was incorporated in the year 2000 and started operations after registering with the Insurance Regulatory and Development Authority of India in March 2001.
Shriram Life Insurance Company
Shriram Life Insurance Company Limited is an insurance and financial service provider that serves to the less fortunate people and economically weaker families in society. Their main motive is to reach common people and the products/plans are helpful to them work efficiently. Shriram group institutions is a chit fund company before initiated into business and now it is one of the leading commercial vehicle finance and Micro, Small, and Medium Enterprise finances.
Star Union Dai-ichi Life Insurance Company
Star Union Dai-ichi (SUD) Life Insurance Co. Ltd. is a joint venture of India’s two leading public sector banks are Bank of India, the Union Bank of India, and Dai-ichi Life, the second-largest life insurance company of Japan. The combination of three leading financial service providers makes the SUD life insurance plans outstanding insurance solutions and customized to suit the protection needs of common people. SUD Life pledges a long-term commitment towards its customers and stakeholders and has earned the trust of 64 million customers.
TATA AIA Life Insurance Company
Tata AIA Life combines Tata’s preeminent leadership position in India and AIA’s presence as the largest, independent listed pan-Asian life insurance group in the world spanning 18 markets in the Asia Pacific region. Tata group is a global enterprise, headquartered in India and it was founded by Jamsetji Tata in 1868.
Public Sector
Life Insurance Corporation (LIC) of India
LIC Life Insurance of India is the largest government-owned life insurance and Investment Corporation for individual insurance needs and it is introduced on Sep 1st, 1956. LIC’s main role is to invest in global financial markets and different government certainties after gathering funds from people through life insurance policies. The importance of LIC Life insurance is to provide individuals with financial cover against demise at affordable costs to rural areas and people exist with poverty and less fortunate people.
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Life Insurance
