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Life Insurance Corporation of India (LIC) founded in 1956 is the largest life insurance company in India and also the country’s largest investor; it is fully owned by the Government of India. It also funds close to 24.6% of the Indian Government’s expenses. It has assets estimated of 5 Trillion Rupees.
Aviva Plc is UK’s largest and the world’s fifth largest insurance Group. It is one of the leading providers of life and pensions products to Europe and has substantial businesses elsewhere around the world. With a history dating back to 1696, Aviva has a 30 million customer base worldwide. It has more than £240 billion ($430 billion) of assets under management.
Bajaj Allianz Life Insurance Co. Ltd. is a joint venture between Allianz AG and Bajaj Auto Limited.
Characterised by global presence with a local focus and driven by customer orientation to establish high earnings potential and financial strength, Bajaj Allianz Life Insurance Co. Ltd. was incorporated on 12th March 2001.
Birla Sun Life Insurance Company Limited (BSLI) is a joint venture between the Aditya Birla Group and the Sun Life Financial Services of Canada. It started operations in March 2001 after receiving its registration licence from IRDA in January 2001.
Future Generali India Life Insurance Company Limited is a joint venture between three leading groups: Future Group – A leading retailer in India, Generali Group- A global insurance group that features among top 50* smartest companies in the world and Industrial Investment Trust Limited (IITL) – A leading investment company.
HDFC Life Insurance Company Limited is the First Private Sector Life Insurance Company to be granted a license.
Exide Life Insurance Company Limited, an established and profitable life insurance company, commenced operations in 2001-02 and is head quartered in Bengaluru. The company is 100% owned by Exide Industries Limited. The company serves over 15 lakh customers and manages assets of over ?12,000 Crores.
Established in 1985 as Kotak Capital Management Finance promoted by Uday Kotak the company has come a long way since its entry into corporate finance.
Max Life Insurance, one of the largest private sector insurance companies in India, provides financial security to more than 39 lac individuals and 400+ corporates. It also envisions to be the most admired life insurance company in India by securing the financial future of their customers. As one of the foremost life insurance companies in India, Max Life believes in contributing to the social and economic development of the society.
PNB MetLife India Insurance Company Limited (PNB MetLife) is a joint venture where MetLife, Inc. and Punjab National Bank (PNB) are the majority shareholders. PNB MetLife was previously known as MetLife India Insurance Company Limited (MetLife India). MetLife India has been present in India since 2001.
Reliance Life Insurance Company Limited is a part of Reliance Capital Ltd. of the Reliance – Anil Dhirubhai Ambani Group. Reliance Capital is one of India’s leading private sector financial services companies, and ranks among the top 3 private sector financial services and banking companies, in terms of net worth. Reliance Capital has interests in asset management and mutual funds, stock broking, life and general insurance, proprietary investments, private equity and other activities in financial services.
SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Cardif. SBI owns 74% of the total capital and BNP Paribas Cardif the remaining 26%. SBI Life Insurance has an authorized capital of Rs. 2,000 crores and a paid up capital of Rs 1,000 crores.
Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, formed by Tata Sons and AIA Group Limited (AIA).