Hello dear visitors, today I am going to tell you a List of Insurance Companies in India for your personal Finance. The insurance sector must be present in your Portfolio. The insurance sector has vast potential in today’s world. This is a sector that is present in everyone’s portfolio. Hence today I am going to explain to you all listed Insurance Companies in India and General Insurance Companies in India.
Before presenting the List of Insurance companies in India and General Insurance companies in India, let’s discuss some interesting facts.
Total Gross Income collected in India in Financial Year 19-20:- 7.31 trillion (US$ 94.7 billion)
75% of the premium is collected against Life Insurance and about 25% of the premium is collected against General Insurance. You can see the potential of this sector.
Hence, today we decided to tell you how many insurance companies in India are there.
How many Insurance Companies in India:-
Friends, there are so many insurance companies are available in the market. And you must be aware of some Insurance companies in India. Insurance is not only available in India but also in other countries. Today I will share the list of Insurance companies in India that have already earned name and fame in the Insurance sector.
In India, IRDAI is the regulatory body of Insurance. The full form of IRDAI is Insurance Regulatory and Development Authority of India. IRDAI is a body statutory body tasked with regulating and promoting the insurance and re-insurance industries in India.
Now, I am going to tell you how many Insurance companies in India is there. There are 24 Life-Insurance companies in India registered under IRDAI (Insurance Regulatory and Development Authority of India). Some of them are LIC (Life Insurance Corporation of India), HDFC Life Insurance Co. Ltd etc.
And a total of 34 non-life insurance companies in India. General Insurance companies are nothing but Non-Life Insurance Companies. Non-Life Insurance companies are also called General Insurance Companies. Some of the General Insurance Companies in India are Agriculture Insurance Co. of India Ltd., Bajaj Allianz General Insurance Co. Ltd. etc.
Here is the list of Insurance Companies in India registered by IRDAI:-
List of Life Insurance Companies in India registered under IRDAI:
1. Aegon Life Insurance Co. Ltd.
2. Aviva Life Insurance Co. India Ltd.
3. Bajaj Allianz Life Insurance Co. Ltd.
4. Bharti AXA Life Insurance Co. Ltd.
5. Birla Sun Life Insurance Co. Ltd.
6. Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd.
7. DHFL Pramerica Life Insurance Co. Ltd.
8. Edelweiss Tokio Life Insurance Co. Ltd
9. Exide Life Insurance Co. Ltd.
10. Future Generali India Life Insurance Co. Ltd.
11. HDFC Standard Life Insurance Co. Ltd.
12. ICICI Prudential Life Insurance Co. Ltd.
13. IDBI Federal Life Insurance Co. Ltd.
14. IndiaFirst Life Insurance Co. Ltd
15. Kotak Mahindra Old Mutual Life Insurance Ltd.
16. Life Insurance Corporation of India
17. Max Life Insurance Co. Ltd.
18. PNB MetLife India Insurance Co. Ltd.
19. Reliance Life Insurance Co. Ltd.
20. Sahara India Life Insurance Co. Ltd.
21. SBI Life Insurance Co. Ltd.
22. Shriram Life Insurance Co. Ltd.
23 Star Union Dai-Ichi Life Insurance Co. Ltd.
24. Tata AIA Life Insurance Co. Ltd.
List of General Insurance Companies in India or Non-Life Insurance Companies in India:
1. Agriculture Insurance Co. of India Ltd.
2. Bajaj Allianz General Insurance Co. Ltd.
3. Bharti Axa General Insurance Co. Ltd.
4. Cholamandalam MS General Insurance Co. Ltd.
5. Manipal Cigna Health Insurance Co.Ltd.
6. Export Credit Guarantee Corporation of India Ltd.
7. Future Generali India Insurance Co. Ltd.
8. HDFC ERGO General Insurance Co. Ltd.
9. ICICI Lombard General Insurance Co. Ltd.
10. IFFCO Tokio General Insurance Co. Ltd.
11. L&T General Insurance Co. Ltd.
12. Liberty Videocon General Insurance Co. Ltd.
13. Magma HDI General Insurance Co. Ltd.
14. Max Bupa Health Insurance Co. Ltd.
15. National Insurance Co. Ltd.
16. The New India Assurance Co. Ltd.
17. The Oriental Insurance Co. Ltd.
18. Raheja QBE General Insurance Co. Ltd.
19. Reliance General Insurance Co. Ltd.
20. Religare Health Insurance Co. Ltd.
21. Royal Sundaram Alliance Insurance Co. Ltd.
22. SBI General Insurance Co. Ltd.
23. Shriram General Insurance Co. Ltd.
24. Star Health and Allied Insurance Co. Ltd.
25. Tata AIG General Insurance Co. Ltd.
26. United India Insurance Co. Ltd.
27. Universal Sompo General Insurance Co. Ltd.
28. Kotak Mahindra General Insurance Co. Ltd.
29. Aditya Birla Health Insurance Co. Ltd.
30. Reliance Health Insurance Limited
31. Acko General Insurance Limited
32. DHFL General Insurance Co.Ltd.
33. Edelweiss General Insurance Co.Ltd.
34 Go Digit General Insurance Ltd.
So these are the Insurance companies in India List. This list of Insurance companies in India is taken from IRDAI official site. So, we have told you the list of Insurance companies in India. We have above discussed the list of Life Insurance companies in India as well as General Insurance companies in India. I hope this information will be useful to you.
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