IRDAI Registered Insurance Companies in India
The Insurance Regulatory and Development Authority of India is known as IRDAI. It regulates and controls the insurance industry in India. Only IRDAI Registered insurance companies can do a business of Insurance. To sell insurance products company need to become IRDAI approved insurance company.
IRDAI insurance company list
Below is list of IRDAI insurance company list. Insurance buyers can only purchase insurance from IRDAI registered company.
The list of IRDAI registered companies can be classified into two broad categories.
- Life insurance Companies
- General Insurance Companies
IRDAI Registered Life Insurance Companies
- Aegon Life Insurance Co. Ltd.
Aegon Life insurance company founded in 2008. Its headquarter is in Mumbai. It Is joint venture between The Times Group and Dutch Aegon N.V.
- Aviva Life Insurance Co. India Ltd.
Aviva Life Insurance Co India LTD is joint venture between Dabur Group and Aviva Group. Aviva Group is British Assurance Company. Its operation started in India in 2002.
- Bajaj Allianz Life Insurance Co. Ltd.
One of India’s famous Insurance company. It is joint venture between Bajaj Finserv Limited and Allianz SE. Bajaj Finserv Limited is owned by Bajaj Group. This company also provides financial Planning and Securities service.
- Bharti AXA Life Insurance Co. Ltd.
- Birla Sun Life Insurance Co. Ltd.
Birla sun life Insurance Co Ltd is indian Insurance company. It is one of old companies that provide ULIP plan.
- Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd.
Canara HSBC Oriental Bank of Commerce Life Insurance is a Life insurance company in India. The company was founded in 2007. It caters to 115 million customers, with over 9500 branches of bank partners in India
- DHFL Pramerica Life Insurance Co. Ltd.
- Edelweiss Tokio Life Insurance Co. Ltd
Edelweiss Tokio Life insurance Co Ltd is joint venture between Edelweiss Group and Tokyo Marine Holding INC. It started operation in India in 2011.
- Exide Life Insurance Co. Ltd.
Exide Life insurance company is Indian Life insurance company. It is subsidies of Exide Industries.
- Future Generali India Life Insurance Co. Ltd.
It is joiny venture between Future Group and Assicurazioni Generali. Future Group also own famous company Big Bazar.
- HDFC Standard Life Insurance Co. Ltd.
It is one of most promising insurance company in india. It is joint venture between HDFC group and Standard Life Aberdeen Plc.
- ICICI Prudential Life Insurance Co. Ltd.
ICICI Prudential Life Insurance Company Ltd. is a life insurance company based in India. As of 2015, t reported assets of over Rs. 100,000 Cr.
- IDBI Federal Life Insurance Co. Ltd.
IDBI Federal Life Insurance Co Ltd. is joint-venture of IDBI Bank, Federal Bank, and Ageas, a multinational insurance giant based out of Europe.
- IndiaFirst Life Insurance Co. Ltd
- Kotak Mahindra Life Insurance Ltd.
Kotak Mahindra Life Insurance Company Limited is a private Life Insurance company in India. The company was founded in 2001. It caters to 15 million customers.
- Life Insurance Corporation of India
Life Insurance Corporation of India is an Indian state-owned insurance group and investment corporation owned by the Government of India.
- Max Life Insurance Co. Ltd.
Max Life Insurance Company Limited is a life insurance company in India. The company is a subsidiary of Max Financial Services Limited.
- PNB MetLife India Insurance Co. Ltd.
PNB MetLife India Insurance Company Limited is one of the leading life insurance companies in India. It started operation in 2001.
- Reliance Life Insurance Co. Ltd.
Reliance Nippon Life Insurance Company is one of the life insurance companies in India. The firm offers life insurance products targeted at individuals and groups, catering to four distinct segments: protection, children, retirement and investment plans.
- Sahara India Life Insurance Co. Ltd.
Sahara India Life Insurance Company Ltd. (SILICA) is today the first wholly Indian-owned Life Insurance Company in the private sector.
- SBI Life Insurance Co. Ltd.
SBI Life Insurance is a joint venture life insurance company between State Bank of India, and BNP Paribas Cardiff. BNP Paribas is a French multinational bank.
- Shriram Life Insurance Co. Ltd.
- Star Union Dai-Ichi Life Insurance Co. Ltd.
Star Union Dai-ichi Life Insurance Company Limited operates as a life insurance company. The Company offers child, health, protection, retirement, term savings, credit life, and wealth plans for individuals and groups. SUD Life serves customers in India.
- Tata AIA Life Insurance Co. Ltd.
Tata AIA Life Insurance Company Limited is a joint venture company of Tata Sons Ltd. and AIA Group Ltd.
Also Read : Who is IRDAI?
IRDAI General Insurance Companies List
Below is list for IRDAI approved General Insurance companies in india
- Agriculture Insurance Co. of India Ltd
- Apollo Munich Health Insurance Co. Ltd.
- Bajaj Allianz General Insurance Co. Ltd.
- Bharti Axa General Insurance Co. Ltd.
- Cholamandalam MS General Insurance Co. Ltd.
- Cigna TTK Health Insurance Co. Ltd.
- Export Credit Guarantee Corporation of India Ltd.
- Future Generali India Insurance Co. Ltd.
- HDFC ERGO General Insurance Co. Ltd.
- ICICI Lombard General Insurance Co. Ltd.
- IFFCO Tokio General Insurance Co. Ltd.
- L&T General Insurance Co. Ltd.
- Liberty Videocon General Insurance Co. Ltd.
- Magma HDI General Insurance Co. Ltd.
- Max Bupa Health Insurance Co. Ltd.
- National Insurance Co. Ltd.
- The New India Assurance Co. Ltd.
- The Oriental Insurance Co. Ltd.
- Raheja QBE General Insurance Co. Ltd.
- Reliance General Insurance Co. Ltd.
- Religare Health Insurance Co. Ltd.
- Royal Sundaram Alliance Insurance Co. Ltd.
- SBI General Insurance Co. Ltd.
- Shriram General Insurance Co. Ltd.
- Star Health and Allied Insurance Co. Ltd.
- Tata AIG General Insurance Co. Ltd.
- United India Insurance Co. Ltd.
- Universal Sompo General Insurance Co. Ltd.
- Kotak Mahindra General Insurance Co. Ltd.
- Aditya Birla Health Insurance Co. Ltd.
- Reliance Health Insurance Limited
- Acko General Insurance Limited
- DHFL General Insurance Co.Ltd.
- Edelweiss General Insurance Co.Ltd.
- Go Digit General Insurance Ltd.