Here are the top 10 insurance companies in India based (Top 10 insurance companies in india 2023) on their market share:
Top 10 insurance companies in india 2023
- Life Insurance Corporation of India (LIC)
- ICICI Prudential Life Insurance
- HDFC Life Insurance Company
- SBI Life Insurance Company Limited
- Bajaj Allianz Life Insurance Company Limited
- Max Life Insurance Company Limited
- Aditya Birla Sun Life Insurance Company Limited
- TATA AIA Life Insurance Company Limited
- PNB MetLife India Insurance Company Limited
- Kotak Mahindra Life Insurance Company Limited
It’s worth noting that this ranking is based on market share and there may be other factors to consider when choosing an insurance company, such as the type of insurance coverage and the specific needs of the individual.
Top 10 insurance companies in india 2023
- Life Insurance Corporation of India (LIC): LIC is a government-owned insurance company and is the largest insurance provider in India. It offers a range of insurance products including life insurance, health insurance, and pension plans.
- ICICI Prudential Life Insurance: ICICI Prudential Life Insurance is a joint venture between ICICI Bank and Prudential Corporation Holdings Limited. It offers various insurance products such as term insurance, ULIPs, and retirement plans.
- HDFC Life Insurance Company: HDFC Life Insurance Company is a joint venture between HDFC Bank and Standard Life Aberdeen. It offers various insurance products such as term insurance, ULIPs, and pension plans.
- SBI Life Insurance Company Limited: SBI Life Insurance Company Limited is a joint venture between State Bank of India and BNP Paribas Cardif. It offers various insurance products such as term insurance, ULIPs, and retirement plans.
- Bajaj Allianz Life Insurance Company Limited: Bajaj Allianz Life Insurance Company Limited is a joint venture between Bajaj Finserv Limited and Allianz SE. It offers various insurance products such as term insurance, ULIPs, and retirement plans.
- Max Life Insurance Company Limited: Max Life Insurance Company Limited is a joint venture between Max Financial Services Limited and Mitsui Sumitomo Insurance Company Limited. It offers various insurance products such as term insurance, ULIPs, and retirement plans.
- Aditya Birla Sun Life Insurance Company Limited: Aditya Birla Sun Life Insurance Company Limited is a joint venture between Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. It offers various insurance products such as term insurance, ULIPs, and retirement plans.
- TATA AIA Life Insurance Company Limited: TATA AIA Life Insurance Company Limited is a joint venture between TATA Sons and AIA Group Limited. It offers various insurance products such as term insurance, ULIPs, and pension plans.
- PNB MetLife India Insurance Company Limited: PNB MetLife India Insurance Company Limited is a joint venture between Punjab National Bank and MetLife International Holdings LLC. It offers various insurance products such as term insurance, ULIPs, and retirement plans.
- Kotak Mahindra Life Insurance Company Limited: Kotak Mahindra Life Insurance Company Limited is a joint venture between Kotak Mahindra Bank and Old Mutual plc. It offers various insurance products such as term insurance, ULIPs, and pension plans.
Top 10 insurance companies in india 2023
All of these companies are regulated by the Insurance Regulatory and Development Authority of India (IRDAI) and provide various insurance products to meet the diverse needs of the Indian population. It’s important to research and compare insurance products from different companies to find the one that best fits your needs.