Home Companies

India Insurance Market Key Players

PDF

Indian Insurance Sector Key Players

The Insurance sector in India governed by Insurance Act, 1938, the Life Insurance Corporation Act, 1956 and General Insurance Business (Nationalisation) Act, 1972, Insurance Regulatory and Development Authority (IRDA) Act, 1999 and other related Acts. With such a large population and the untapped market area of this population Insurance happens to be a very big opportunity in India. Today it stands as a business growing at the rate of 15-20 per cent annually. Together with banking services, it adds about 7 per cent to the country’s GDP .

In spite of all this growth the statistics of the penetration of the insurance in the country is very poor. Nearly 80% of Indian populations are without Life insurance cover and the Health insurance.

In spite of all this growth the statistics of the penetration of the insurance in the country is very poor. Nearly 80% of Indian populations are without Life insurance cover and the Health insurance. This is an indicator that growth potential for the insurance sector is immense in India. It was due to this immense growth that the regulations were introduced in the insurance sector and in continuation “Malhotra Committee” was constituted by the government in 1993 to examine the various aspects of the industry. The key element of the reform process was Participation of overseas insurance companies with 26% capital. Creating a more efficient and competitive financial system suitable for the requirements of the economy was the main idea behind this reform.

List below comprises of some of the key players in the Insurance domain in India.

Name of Insurers

Web-sites

Public Life Insurer

Life Insurance Corporation of India

www.licindia.com

Private Life Insurers

Bajaj Allianz Life Insurance Co. Ltd.

www.allianbajaj.co.in

Birla Sun Life Insurance Co. Ltd.

www.birlasunlife.com

HDFC Standard Life Insurance

www.hdfcinsurance.com

ICICI Prudential Life Insurance Co. Ltd.

www.iciciprulife.com

ING Vysya Life Insurance Co. Ltd.

www.ingvysyalife.com

Metlife India Insurance Co. Pvt. Ltd

www.metlife.com

Kotak Mahindra Old Mutual Life Co. Ltd

www.kotaklifeinsurance.com

SBI Life Insurance Co. Ltd.

www.sbilife.com

Tata AIG Life Insurance Co. Ltd

www.tata-aig.com

Aviva Life Insurance Co. Ltd.

www.avivaindia.com

Max New York Life Insurance Co. Ltd.

www.maxnewyorklife.com

Reliance Life Insurance Co. Ltd.

www.reliancelife.co.in

Sahara Life Insurance Co. Ltd.

www.saharalife.com

Shriram Life Insurance Co. Ltd.

www.shriramlife.com

Bharat Axa Life Insurance Co. Ltd.

www.bharti-axalife.com

Future Generali India Life Insurance Company Limited

www.futuregenerali.in/

IDBI Fortis Life Insurance Co. Ltd.

www.idbifortis.com/

AEGON Religare Life Insurance

www.aegonreligare.com/

DLF Pramerica Life Insurance

www.dlfpramericalife.com/

CANARA HSBC Oriental Bank of Commerce LIFE INSURANCE

www.canarahsbclife.com/

Star Union Dai-ichi Life Insurance Co. Ltd.

www.sudlife.in/

IndiaFirst Life Insurance

IndiaFirst Life Insurance www.indiafirstlife.com/

Public General Insurers

National Insurance Co. Ltd.

www.nationalinsuranceindia.com

New India Assurance Co. Ltd.

www.niacl.com

Oriental Insurance Co. Ltd

www.orientalinsurance.nic.in

United India Insurance co. Ltd

www.uiic.co.in

Private General Insurers

ICICI Lombard General Insurance Co. Ltd

www.icicilombard.com

Bajaj Allianz General Insurance Co. Ltd

www.bajajallianzonline.co.in

IFFCO Tokio General Insurance Co. Ltd.

www.itgi.co.in

Tata AIG General Insurance Co. Ltd.

www.tata-aig.com

Cholamandalam General Insurance Co. Ltd

www.cholainsurance.com

Reliance General Insurance Co. Ltd.

www.reliancegeneral.co.in

Royal Sundaram General Insurance Co. Ltd.

www.royalsundaram.in

HDFC General Insurance Co. Ltd.

www.hdfcinsurance.com

Appolo DKV Insurance Co. Ltd.

www.apollodkv.com

Star Health & Allied Insurance Co. Ltd.

www.starhealth.in

Agriculture Insurance Co. of India Ltd.

www.aicofindia.org

Export Credit Guarantee Corporation of India Ltd.

www.ecgcindia.com

Future Generali India Insurance Company Limited

www.futuregenerali.in/

Universal Sompo General Insurance Co. Ltd.

http://universalsompo.com/

Shriram General Insurance Co. Ltd.

www.shriramgi.com/

Bharti Axa General Insurance Co. Ltd.

www.bharti-axagi.co.in/

Raheja QBE General Insurance Co. Ltd.

www.rahejaqbe.com/

Re-Insurer

General Insurance Corporation of India Ltd

www.gic.nic.in

Insurance Regulator

Insurance Regulatory and Development Authority

www.irdaindia.org


Want to know more or need assistance to select the best policy for your needs, fill up a simple form with QUICK APPLY and we shall revert to you with the best options available from the market!!!

Disclaimer: Please note that the information provided is collected from sources publicly available & we believe to be reliable. The website doesn’t warrant the accuracy, reliability & absolute information available on the website. Participation by site visitors or registered customers is on a voluntary basis. The policies are offered by various life Insurance & non-life insurance offering companies and eMediclaim does not seek to, either directly or indirectly, advise, offer, solicit or recommend that any person who is or proposes to become its member should purchase the Policy.
The logos displayed on this site in no way indicate tie up of the respective logo owners with eMediclaim Portal. or any affiliation what so ever between eMediclaim and respective logo owners. Should you have any objection to use of public information on this site, please contact us and we shall remove the content that you feel is not in public interest or has a copyright which prevents it to be displayed on eMediclaim.com website.

Insurance is the Subject matter of Solicitation.

 

Get FREE Quote

Quick Apply
Product
Name
Mobile +91
Email
City
I have read the Privacy Policy and agree to the Terms And Conditions

Partners

Alexa Status


Newsflash

Insurance Must for Foreign Students in Delhi University

Announcement by Delhi University Foreign Students Registry has declared that All the Foreign students must have some medical insurance, having evacuation clauses, before joining the University.

In a notification on DU website, students have been adviced to seek admission and provide medical insurance papers, to be eligible to pursue courses in India's premier university.