Top 10 Most Popular Life Insurance Companies in India

There are 24 life insurance companies in India, recognized by IRDAI and there are only 7 Nationalized Insurance companies in India. Here is the list of most popular life insurance companies along with Exide Life Insurance, Aviva Life Insurance, Reliance Nippon Life Insurance and Aviva Life Insurance company.

Life Insurance Corporation of India

Life Insurance Corporation of India known as LIC is under the ownership of Ministry of Finance, Government of India. LIC ranked 98th on the 2022 Fortune Global 500 list and most trusted service brand of India.

SBI Life Insurance Co. Ltd.

SBI Life Insurance Company is a an Indian life insurance company with a joint venture between State Bank of India and French financial institution BNP Paribas Cardif. The company offers business of life insurance and a leading Life Insurance company in India also listed on BSE And NSE.

Max Life Insurance Co. Ltd.

Max Life Insurance is a joint venture between Max India Ltd and Axis Bank, Max Financial Services is the largest non-bank private-sector life insurer in India and has carried out several advertising campaigns.

HDFC Standard Life Insurance Co. Ltd.

HDFC Life Insurance provides long-term life insurance, a joint venture between and Abrdn, products include Protection, Pension, Savings and Investment. HDFC Life company is also one of India’s best companies to work and also best companies for women in India.

ICICI Prudential Life Insurance Co. Ltd.

ICICI Prudential Life Insurance is a joint venture between ICICI Bank and Prudential Corporation Holdings Limited offering life insurance and asset management. ICICI Prudential Life is the the first insurance company in India to be listed in the domestic stock exchanges.

Aditya Birla Sun Life Insurance Co. Ltd.

Aditya Birla Sun Life is a joint venture between the Aditya Birla Capital of India and the Sun Life Financial of Canada. The company offers more sector-specific equity schemes, fund schemes, monthly income funds and debt and treasury products.

Kotak Mahindra Life Insurance Co. Ltd.

Kotak Life Insurance is a private life insurance company that provides protection plans, savings and investment plans and child plans. The company has 232 branches in around 167 cities of India and offers nominal premium rates to be affordable by individual investors.

TATA AIG Life Insurance Co. Ltd.

Tata AIG General Insurance Company Limited is a joint venture between the Tata Group and American International Group AIG. Its an Indian general insurance company that offers a range of general insurance products including insurance for automobile, home, personal accident property and casualty.

PNB MetLife India Insurance Co. Ltd.

PNB MetLife India Insurance Company is one of the leading life insurance companies in India. PNB, JKB and MetLife International are major shareholders. The company providing a range of health, life and retirement insurance products.

Bajaj Allianz Life Insurance Co. Ltd.

Bajaj Finserv Limited focused on insurance and wealth management along with lending assets. The financial services company diversified into other business and offers joint venture between Bajaj Allianz Life Insurance.

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