Insurance Companies in India

Last Updated: Sunday February 25, 2018 - Please Share This Page. Thank You!

Insurance Companies in India

Insurance industry was opened for private players only after year 2000. Till then LIC was the only life insurance company operating in India. After the insurance industry got liberalized ,there has been a number of private insurance companies who have started their operations in the country most of them with the collaborations with Indian partners as only 26% share was permitted for any foreign players in the joint venture. All these companies have come up with customized and innovative and flexible insurance products to meet the needs of different people and their ever changing requirements .

Till the insurance industry was opened for private players, LIC the only life insurance company in the country that had become quiet complacent and unprofessional too. But
with the liberalization they are facing tough competitions and are forced to improve the quality of their products and also the service. The ultimate beneficiary of all this has been the consumers who are now in the position to choose from the vast categories of products.

Major Life insurance Companies in India are:

  • Bharti AXA Life Insurance
  • Aviva Life Insurance
  • Birla Sun Life Insurance
  • HDFC Standard Life Insurance
  • ICICI Prudential
  • ING Vysya
  • Kotak Mahindra
  • Max New York Life Insurance
  • Metlife India Insurance
  • Reliance Life Insurance
  • SBI Life Insurance
  • Shriram Life Insurance
  • Tata AIG Life Insurance
  • LIC
  • Bajaj Allianz