Whereas others are the private insurers both life and general who have done a joint venture with foreign insurance companies to start their insurance businesses in india. Bajaj allianz life insurance co.
Reliance nippon life insurance company.
Insurance companies in india. The company has 1924 offices in the country and has employee strength of 13923 as on 31 03 2016. Pnb metlife insurance company pnb metlife india insurance company limited pnb metlife is one of the foremost life insurance companie read more pramerica life insurance headquartered in gurgaon plil pramerica life insurance company limited dpli is one of the fastest growing insurance companies in i. 107 insurers were amalgamated and grouped into four companies namely national insurance company ltd the new india assurance company ltd the oriental insurance company ltd and the united india insurance company ltd.
Aegon life insurance co. Pnb metlife india insurance company. Top 10 insurance companies in india insurance sector.
Max life insurance company. The oriental insurance company ltd was incorporated in the year 1947. Insurance companies in india.
Details company is group company of reliance among of top insurance company in india. The insurance industry comprises a total of 57 insurance companies in india. Reliance nippon life insurance company.
For life insurance business there are 24 companies recognised by irda similarly for non life insurance 34 companies got the approval from irda. Life insurance corporation of india company. Pnb metlife india insurance co.
Hdfc click2 invest and hdfc click2 protect plus are the two remarkable and most demanded life insurance products of hdfc standard life insurance. Max life insurance company founded in the year 2000 is the largest non bank private sector insurance company in india. In 1972 with the general insurance business nationalisation act was passed by the indian parliament and consequently general insurance business was nationalized with effect from 1 january 1973.
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. Aviva life insurance company india ltd. Sahara india life insurance co.
Pramerica life insurance company. 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 year 2011 nippon life insurance japan acquired 26 share in this company.
In 2003 all shares of the company held by the general insurance corporation of india were transferred to the government of india. The company stands third in the list of the top private insurance companies in india with regards to total volume of business. Aviva life insurance co.
Shriram life insurance co. Life insurance corporation of india is the only public sector company among the life insurers. Shriram life insurance company.
Sbi life insurance company. Hdfc standard life insurance. Sahara india life insurance.
Reliance is bigger name in the industry and rather say a reliable name in the insurance industry. Bharti axa life insurance co.