List of insurance companies in India explained

Following is the list of insurance companies in India which have been approved by the Insurance Regulatory and Development Authority of India (IRDAI) which is a statutory body regulating and promoting the insurance and reinsurance industries in India.There are three types of Insurance Companies in India which are as given below:

Life insurance companies

As of July 2024, IRDAI has recognized 24 life insurance companies. Following is the list:^[1]

List is arranged chronologically based on their recognition by IRDAI! # !! Company !! Sector !Headquarters!! Founded

1		Govt.	Mumbai	1956
2		Private	Mumbai	2000
3		Private	Delhi	2000
4	ICICI Prudential Life Insurance	ICICI Prudential Life Insurance Co. Ltd.	Private	Mumbai	2000
5		Private	Mumbai	2001
6	Aditya Birla Sun Life Insurance		Private	Mumbai	2000
7	TATA AIA Life Insurance Co. Ltd.	Private	Mumbai	2001
8		Public	Mumbai	2001
9		Private	Pune	2001
10		Private	Mumbai	2001
11		Private	Mumbai	2001
12		Private	Gurugram	2002
13	Sahara India Life Insurance Co. Ltd.	Private	Lucknow	2004
14	Shriram Life Insurance Co. Ltd.	Private	Hyderabad	2005
15	Bharti AXA Life Insurance Co. Ltd.	Private	Mumbai	2008
16		Private	Mumbai	2007
17		Private	Mumbai	2008
18	Canara HSBC Life Insurance Co. Ltd.	Private	Gurugram	2008
19		Private	Mumbai	2008
20	Pramerica Life Insurance Co. Ltd.	Private	Mumbai	2008
21		Private	Mumbai	2008
22	IndiaFirst Life Insurance Co. Ltd.	Private	Mumbai	2009
23	Edelweiss Tokio Life Insurance Co. Ltd.	Private	Mumbai	2011
24	Credit Access Life Insurance limited	Private	Bengaluru	2023
25	Acko Life Insurance Limited	Private	Bengaluru	2023
26	Go Digit Life Insurance Limited	Private	Pune	2023

Non Life insurance companies

As of January 2024, IRDAI has recognized 32 non-life insurance companies of which 5 are standalone health insurance companies. ^{[2] [3]}

	Company	Sector	Headquarters	Founded
1	Acko General Insurance	Private	Mumbai	2016
2	Aditya Birla Health Insurance	Private	Mumbai	2015
3	Agriculture Insurance Company of India	Govt.	New Delhi	2002
4	Bajaj Allianz General Insurance	Private	Pune	2001
5	Cholamandalam MS General Insurance	Private	Chennai	2001
6	Manipal Cigna Health Insurance Company Limited	Private	Mumbai	2014
7	Navi General Insurance Limited	Private	Bengaluru	2016
8	Go Digit Insurance	Private	Pune	2017
9	Zuno General Insurance	Private	Mumbai	2017
10	Export Credit Guarantee Corporation of India	Govt.	Mumbai	1957
11	Future Generali India Insurance	Private	Mumbai	2007
12	HDFC ERGO General Insurance Company	Private	Mumbai	2002
13	ICICI Lombard	Private	Mumbai	2001
14	IFFCO TOKIO General Insurance	Private	Gurugram	2000
15	Kotak Mahindra General Insurance	Private	Mumbai	2015
16	Liberty General Insurance	Private	Mumbai	2013
17	Magma HDI General Insurance	Private	Mumbai	2009
18	Niva Bupa Health Insurance	Private	New Delhi	2008
19	National Insurance Company	Govt.	Kolkata	1906
20	New India Assurance	Govt.	Mumbai	1919
21	Raheja QBE General Insurance	Private	Mumbai	2007
22	Reliance General Insurance	Private	Mumbai	2000
23	Care Health Insurance Ltd	Private	Gurugram	2012
24	Royal Sundaram General Insurance	Private	Chennai	2000
25	SBI General Insurance	Private	Mumbai	2010
26	Shriram General Insurance	Private	Jaipur	2008
27	Star Health and Allied Insurance	Private	Chennai	2006
28	Tata AIG General Insurance	Private	Mumbai	2001
29	The Oriental Insurance Company	Govt.	New Delhi	1947
30	United India Insurance Company	Govt.	Chennai	1938
31	Universal Sompo General Insurance Company	Private	Mumbai	2007
32	Kshema General Insurance Limited	Private		2023

Reinsurance companies

As of January 2023, IRDAI has recognized one reinsurance company.^[4]

External links

• Insurance Regulatory & Development Authority

Notes and References

1. Web site: List of Life Insurers . 2023-01-31 . IRDAI . en-US.
2. Web site: List of General Insurers . 2023-01-31 . IRDAI . en-US.
3. Web site: List of Health Insurers . 2023-01-31 . IRDAI . en-US.
4. Web site: List of Reinsurers . 2023-01-31 . IRDAI . en-US.