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There are all 24 life insurance companies in India. only one company (LIC) is the public sector insurance company and All others are private insurance companies. to know more about all insurance companies visit: https://www.policybazaar.com/insurance-companies/life-insurance/
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Here’s a list of the top Insurance Companies that have made it large in a most impacting way in the
Number 1 is LIC - It is undoubtedly the largest Insurance Company in India founded in 1956 and it is a
state-owned insurance group headquartered in Mumbai, India. It offers its customers variants in the
league of insurance plans, pension plans, special plans and group schemes. Below listed are few of
1. Endowment Plan
a) Single Premium Endowment Plan
b) New Endowment Plan
c) LIC New Jeevan Anand
d) Jeevan Rakshak
e) Limited Premium Endowment Plan
f) Jeevan Lakshya
2. Money Back Plan
a) New Money Back Plan - 20 Years
b) New Money Back Plan - 25 Years
c) New Bima Bachat
d) New Children\'s Money Back Plan
e) Jeevan Tarun
3. Term Assurance Plan:
b) Amulya Jeevan II
d) New Term Assurance Rider
4. Pension Plans:
a) Jeevan Akshay-VI
b) New Jeevan Nidhi
c) Varishtha Pension Bema Yojana
5. Micro Insurance Plan.
Second on our list is - SBI Life Insurance Company Limited. SBI Life Insurance is a joint venture life
insurance company between State Bank of India (SBI) & BNP Paribas Assurance. SBI owns 74% & BNP
Paribas Assurance owns 26% of the Capital. Launched in March’2001 with headquarters in Mumbai,
India, SBI Life Insurance offers Life Insurance & Pension Plans. It boasts of employee strength of over
7,500 on-roll employees & 96,000 agents.
Visit its Official Website for more information: www.sbilife.co.in
Next on our list is Birla Sun Life Insurance Company Limited (BSLI). It is a joint venture between the
Aditya Birla Group & Sun Life Financial Inc. Established in 2000, BSLI has approx. 1,33,000 active
employees. The company is more than ten years old and present value is 21062 Crores, which is no
Know More on its Official Website: www.birlasunlife.com
The 4th place is reserved for the Reliance Life Insurance Company (RLIC), which is a part of Reliance
Group, India’s biggest private sector financial services company. Founded in 2001, RLIC has its
headquarters in Mumbai, India. It offers Individual and Group Insurance Plans and has Total Assets
approx. 15000 Crores with 1,24,000 active agents, 1230 branches & 7 Million Policy Holders.
More Information available on the Official Website: www.reliancelife.com
ICICI Prudential Life Insurance gets the 5th place on our list. It is a joint venture between ICICI Bank
and Prudential Plc, a principal international financial services group headquartered in the United
Kingdom. It was established in the year of 2000. The company has approx. 15000 employees and
over 950 branches. ICICI Prudential offers a broad assortment of Insurance Products including
Health, Wealth, Life Insurance & Medical Insurance etc.
To Know More, visit its Official Website: www.iciciprulife.com
Ranking at Number 6 is Tata AIG Life Insurance, which is a joint venture between the Tata Group and
American International Group (AIG). Tata Group holds a partnership ratio of 74 % and AIG holds a
mere 26%. Founded in the year of 2001 and headquartered in Mumbai, the company has provided
the employment to more than 2000 competent professionals across the country in more than 160
locations. Tata AIG offer Motor, Travel, Health & Accidental Insurance.
Know More on the Official Website: www.tataaiginsurance.in
On the 7th place is ING Vysya Life Insurance. It was established in the year 2001 and has its
headquarters in Bangalore. It is a joint venture between Exide Industries and ING Insurance
International B.V. ING Life Insurance India and does business in over 200 cities and serves over 1
million policy holders in India with 7500 employees. ING Vysya offers insurance policies and
There’s more to know on the Official Website: www.inglife.co.in
The Bajaj Allianz Life Insurance ranks on the 8th place on our list. It is a joint venture between Bajaj
Auto Limited and Allianz. Founded in 2001, the company has its headquarters in Pune. Bajaj Allianz
offers a wide range of life insurance plans i.e. Term Plans, ULIPs, Traditional Plans, Life & Health
Insurance Plans, Pension Plans and Women Insurance Plans.
Find out more at its Official Website: www.bajajallianz.com