Bharti axa life insurance co. Established in 1938 united india insurance company limited is one of the oldest companies in the insurance sector in india.
Top 10 insurance companies in india insurance sector.
Insurance company name in india. Sbi life is one of the leading life insurance companies in india. Formation of lic in india life insurance corporation of india lic was formed in the year 1956. Sahara india life insurance co.
It is a joint venture between sundaram finance the most respected non banking financial institutions of india and rsa the second largest general insurer in the uk. United india insurance company limited. Pnb metlife india insurance co.
Universal sompo headquartered in mumbai india universal sompo general insurance company limited is a private public joint venture in general insurance where two nationalized banks namely allahabad bank and indian overseas bank one private sector bank namely karnataka bank ltd one fmcg namely dabur investment corp and a leading general insurer from japan namely sompo japan nipponkoa insurance inc have formed a general insurance company. Details company is group company of reliance among of top insurance company in india. In year 2011 nippon life insurance japan acquired 26 share in this company.
Life insurance business was started in india in 1818 with the establishment of oriental life insurance company in kolkata. Max life insurance company founded in the year 2000 is the largest non bank private sector insurance company in india. It is india s first public private partnership.
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. Pnb metlife india insurance punjab national bank is an established name in the banking industry of india. Reliance is bigger name in the industry and rather say a reliable name in the insurance industry.
Pnb metlife india insurance is a joint venture between the two honchos. Metlife on the other hand is a famed global brand of insurance products. General insurance corporation of india market cap value sep 01 2018.
Royal sundaram alliance insurance company limited is the first indian private sector general insurance company to be licensed in october 2000 by the irdai. After that many companies started operations in india. Aviva life insurance company india ltd.
The company has over 14000 employees spread across 2276 offices providing insurance to 1 74 crore customers. Reliance nippon life insurance company. Sbi life is a joint venture between india s largest bank state bank of india and the leading global insurance company bnp paribas cardif.
Shriram life insurance co. In 1938 the government of india introduced the insurance act which is mainly to protect the interests of the policy holders.