List of insurance companies in India

Following is the list of insurance companies in India which have been approved by the Insurance Regulatory and Development Authority of India (IRDAI) which is a statutory body regulating and promoting the insurance and reinsurance industries in India.

Life insurance companies

As of October 2018, IRDAI has recognized 24 life insurance companies. Following is the list:[1]

List is arranged chronologically based on their recognition by IRDAI
#CompanySector HeadquartersFounded
1Life Insurance Corporation of IndiaGovt. Mumbai1956
2HDFC Standard Life Insurance Co. Ltd.Private Mumbai2000
3Max Life Insurance Co. Ltd.Private Delhi2000
4ICICI Prudential Life Insurance Co. Ltd.Private Mumbai2000
5Kotak Mahindra Life Insurance Co. Ltd.Private Mumbai2001
6Aditya Birla Sun Life Insurance Co. Ltd.Private Mumbai2000
7TATA AIA Life Insurance Co. Ltd.Private Mumbai2001
8SBI Life Insurance Co. Ltd.Private Mumbai2001
9Exide Life Insurance Co. Ltd.Private Bangalore2001
10Bajaj Allianz Life Insurance Co. Ltd.Private Pune2001
11PNB MetLife India Insurance Co. Ltd.Private Mumbai2001
12Reliance Nippon Life Insurance CompanyPrivate Mumbai2001
13Aviva Life Insurance Company India Ltd.Private Gurugram2002
14Sahara India Life Insurance Co. Ltd.Private Lucknow2004
15Shriram Life Insurance Co. Ltd.Private Hyderabad2005
16Bharti AXA Life Insurance Co. Ltd.Private Mumbai2008
17Future Generali India Life Insurance Co. Ltd.Private Mumbai2007
18IDBI Federal Life Insurance Co. Ltd.Private Mumbai2008
19Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd.Private Gurugram2008
20Aegon Life Insurance Co. Ltd.Private Mumbai2008
21Pramerica Life Insurance Co. Ltd.Private Mumbai2008
22Star Union Dai-Ichi Life Insurance Co. Ltd.Private Mumbai2008
23IndiaFirst Life Insurance Co. Ltd.Private Mumbai2009
24Edelweiss Tokio Life Insurance Co. Ltd.Private Mumbai2011

Non-life insurance companies

As of October 2018, IRDAI has recognized 34 non-life insurance companies.[2]

Company Sector Headquarters Founded
1 Acko General Insurance Private Mumbai 2016
2 Aditya Birla Health Insurance Private Mumbai 2015
3 Agriculture Insurance Company of India Govt. New Delhi 2002
4 Apollo Munich Health Insurance Private Gurgaon 2007
5 Bajaj Allianz General Insurance Private Pune 2001
6 Bharti AXA General Insurance Private Mumbai 2008
7 Cholamandalam MS General Insurance Private Chennai 2001
8 Cigna TTK Private Mumbai 1918
9 DHFL General Insurance Private Mumbai 2016
10 Digit Insurance Private Pune 2017
11 Edelweiss General Insurance Private Mumbai 2017
12 Export Credit Guarantee Corporation of India Govt. Mumbai 1957
13 Future Generali India Insurance Private Mumbai 2007
14 HDFC ERGO General Insurance Company Private Mumbai 2002
15 ICICI Lombard Private Mumbai 2001
16 IFFCO TOKIO General Insurance Private Gurugram 2000
17 Kotak Mahindra General Insurance Private Mumbai 2015
18 Liberty General Insurance Private Mumbai 2013
19 Magma HDI General Insurance Private Mumbai 2009
20 Max Bupa Health Insurance Private New Delhi 2008
21 National Insurance Company Govt. Kolkata 1906
22 New India Assurance Govt. Mumbai 1919
23 Raheja QBE General Insurance Private Mumbai 2007
24 Reliance General Insurance Private Mumbai 2000
25 Reliance Health Insurance Private Mumbai 2017
26 Religare Health Insurance Company Limited Private Gurgaon 2012
27 Royal Sundaram General Insurance Private Chennai 2000
28 SBI General Insurance Private Mumbai 2010
29 Shriram General Insurance Private Jaipur 2008
30 Star Health and Allied Insurance Private Chennai 2006
31 Tata AIG General Insurance Private Mumbai 2001
32 The Oriental Insurance Company Govt. New Delhi 1947
33 United India Insurance Company Govt. Chennai 1938
34 Universal Sompo General Insurance Company Private Mumbai 2007

Reinsurance companies

As of January 2020, IRDAI has recognized one reinsurance company.[3]

Company Sector Headquarters Founded
1 General Insurance Corporation of India Govt. Mumbai 1972

References
  1. "Updated List of Life Insurers". IRDAI. 31 October 2018. Retrieved 14 November 2018.
  2. "List of Non-life insurer". IRDAI. 31 October 2018. Retrieved 14 November 2018.
  3. "List of Re-insurers". IRDAI. 2 January 2020. Retrieved 9 January 2020.
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