Indian Insurance Companies
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With the rapid growth of the Indian Insurance industry, in particularly serving a Middle Class that is growing on both size and wealth every year, it is hardly surprisng that Indian insurance companies are growing, and playing an increasingly important role in the nation’s financial services industry.[br]
With the rapid growth of the Indian Insurance industry, in particularly serving a Middle Class that is growing on both size and wealth every year, it is hardly surprisng that Indian insurance companies are growing, and playing an increasingly important role in the nation’s financial services industry.[br]
This increasing market is creating considerable competition among Indian insurance companies in an industry that 20 years ago was relatively small.
To date, India’s Insurance Regulatory and Development Authority (IRDA), has granted registration to 12 private life insurance companies and nine general insurance companies.
Counting the existing public sector insurance companies, there are currently 13 Indian insurance companies in the life side and 13 Indian insurance companies operating in general insurance.
General Insurance Corporation has been approved as the Indian reinsurer for underwriting only reinsurance business. Particulars of the Indian insurance companies including both life insurance companies and general insurance companies are given below: [br]
| LIFE INSURERS | Websites |
| Public Sector | |
| Life Insurance Corporation of India | www.licindia.com |
| Private Sector | |
| Allianz Bajaj Life Insurance Company Limited | www.allianzbajaj.co.in |
| Birla Sun-Life Insurance Company Limited | www.birlasunlife.com |
| HDFC Standard Life Insurance Co. Limited | www.hdfcinsurance.com |
| ICICI Prudential Life Insurance Co. Limited | www.iciciprulife.com |
| ING Vysya Life Insurance Company Limited | www.ingvysayalife.com |
| Max New York Life Insurance Co. Limited | www.maxnewyorklife.com |
| MetLife Insurance Company Limited | www.metlife.com |
| Om Kotak Mahindra Life Insurance Co. Ltd. | www.omkotakmahnidra.com |
| SBI Life Insurance Company Limited | www.sbilife.co.in |
| TATA AIG Life Insurance Company Limited | www.tata-aig.com |
| AMP Sanmar Assurance Company Limited | www.ampsanmar.com |
| Dabur CGU Life Insurance Co. Pvt. Limited | www.avivaindia.com |
| GENERAL INSURERS | |
| Public Sector | |
| National Insurance Company Limited | www.nationalinsuranceindia.com |
| New India Assurance Company Limited | www.niacl.com |
| Oriental Insurance Company Limited | www.orientalinsurance.nic.in |
| United India Insurance Company Limited | www.uiic.co.in |
| Private Sector | |
| Bajaj Allianz General Insurance Co. Limited | www.bajajallianz.co.in |
| ICICI Lombard General Insurance Co. Ltd. | www.icicilombard.com |
| IFFCO-Tokio General Insurance Co. Ltd. | www.itgi.co.in |
| Reliance General Insurance Co. Limited | www.ril.com |
| Royal Sundaram Alliance Insurance Co. Ltd. | www.royalsun.com |
| TATA AIG General Insurance Co. Limited | www.tata-aig.com |
| Cholamandalam General Insurance Co. Ltd. | www.cholainsurance.com |
| Export Credit Guarantee Corporation | www.ecgcindia.com |
| HDFC Chubb General Insurance Co. Ltd. | |
| REINSURER | |
| General Insurance Corporation of India | www.gicindia.com |
