Following is the list of insurance companies in India which have been approved by the Insurance Regulatory and Development Authority of India (IRDAI) which is a statutory body regulating and promoting the insurance and reinsurance industries in India.There are three types of Insurance Companies in India which are as given below:
Life insurance companies As of 1 April 2025, IRDAI has recognized 26 life insurance companies. Following is the list: +List is arranged chronologically based on their recognition by IRDAI # Company Sector Headquarters Founded 1 Life Insurance Corporation of India PublicMumbai 1956 2 HDFC bank PrivateMumbai 2000 3 Axis Max Life Insurance Co. Ltd. Private Delhi 2000 4 ICICI Prudential Life Insurance Co. Ltd. Private Mumbai 2000 5 Kotak Life Insurance Co. Ltd. Private Mumbai 2001 6 Aditya Birla Sun Life Insurance Co. Ltd. PrivateMumbai2000 7 TATA AIA Life Insurance Co. Ltd. Private Mumbai 2001 8 SBI Life Insurance Co. Ltd. Public Mumbai 2001 9 Bajaj Allianz Life Insurance Co. Ltd. Private Pune 2001 10 PNB MetLife India Insurance Co. Ltd. Private Mumbai 2001 11 Reliance Nippon Life Insurance Company Private Mumbai 2001 12 Aviva Life Insurance Company India Ltd. Private Gurugram 2002 13 Sahara India Life Insurance Co. Ltd. Private Lucknow 2004 14 Shriram Life Insurance Co. Ltd. Private Hyderabad 2005 15 Bharti AXA Life Insurance Co. Ltd. Private Mumbai 2008 16 Generali Central Life Insurance Co. Ltd. Private Mumbai 2007 17 Ageas Federal Life Insurance Co. Ltd. Private Mumbai 2008 18 Canara HSBC Life Insurance Co. Ltd. Private Gurugram 2008 19 Bandhan Life Insurance Co. Ltd. Private Mumbai 2008 20 Pramerica Life Insurance Co. Ltd. Private Gurugram 2008 21 Star Union Dai-ichi Life Insurance Private Mumbai 2008 22 IndiaFirst Life Insurance Co. Ltd. Private Mumbai 2009 23 Edelweiss Life Insurance Co. Ltd. Private Mumbai 2011 24 Credit Access Life Insurance limited Private Bengaluru 2023 25 Acko Life Insurance Limited PrivateBengaluru 2023 26 Go Digit Life Insurance Limited Private Pune 2023
Non Life insurance companies As of 1 April 2025, IRDAI has recognized 33 non-life insurance companies of which 6 are standalone health insurance companies.
CompanySectorHeadquartersFounded1 Acko General InsurancePrivate Mumbai 20162 Aditya Birla Health InsurancePrivate Mumbai 20153 Agriculture Insurance Company of IndiaGovt. New Delhi 20024 Bajaj Allianz General InsurancePrivate Pune 20015 Cholamandalam MS General InsurancePrivate Chennai 20016 Manipal Cigna Health Insurance Company LimitedPrivate Mumbai 20147 Navi General Insurance LimitedPrivate Bengaluru 20168 Go Digit InsurancePrivate Pune 20179Zuno General InsurancePrivate Mumbai 201710 ECGC LimitedGovt. Mumbai 195711 Future Generali India InsurancePrivate Mumbai 200712 HDFC ERGO General Insurance CompanyPrivate Mumbai 200213 ICICI LombardPrivate Mumbai 200114 IFFCO TOKIO General InsurancePrivate Gurugram 200015 Zurich Kotak General InsurancePrivate Mumbai 201516 Liberty General InsurancePrivate Mumbai 201317 Magma General InsurancePrivate Mumbai 200918 Niva Bupa Health InsurancePrivate New Delhi 200819 National Insurance CompanyGovt. Kolkata 190620 New India AssuranceGovt. Mumbai 191921 Raheja QBE General InsurancePrivate Mumbai 200722 Reliance General InsurancePrivate Mumbai 200023 Care Health Insurance LtdPrivate Gurugram 201224 Royal Sundaram General InsurancePrivate Chennai 200025 SBI General InsurancePrivate Mumbai 201026 Shriram General InsurancePrivate Jaipur 200827 Star Health and Allied InsurancePrivate Chennai 200628 Tata AIG General InsurancePrivate Mumbai 200129 The Oriental Insurance CompanyGovt. New Delhi 194730 United India Insurance CompanyGovt. Chennai 193831 Universal Sompo General Insurance CompanyPrivate Mumbai 200732 Kshema General Insurance Limited Private Hyderabad 202333Galaxy Health Insurance Co Ltd Private Chennai2023
Reinsurance companies On 1 April 2025, IRDAI reinsnised the first private reinsurer ending state-monopoly of GIC Re since 1972.
CompanySectorHeadquartersFounded1 General Insurance Corporation of IndiaGovt. Mumbai 19722Valueattics RePrivateBangalore
Health insurance Company Sector Headquarters Founded1HDFC ERGO General Insurance CompanyPrivateMumbai2Star Health and Allied InsurancePrivateChennai3ICICI LombardPrivateMumbai4Niva Bupa Health InsurancePrivateNew Delhi5Care Health Insurance LtdPrivateGurugram6Aditya Birla Health InsurancePrivateMumbai7Tata AIG General InsurancePrivateMumbai8Zurich Kotak General InsurancePrivateMumbai9Bajaj Allianz General InsurancePrivatePune11IFFCO TOKIO General InsurancePrivateGurugram11New India AssuranceGovt.Mumbai12Universal Sompo General Insurance CompanyPrivateMumbai13Cholamandalam MS General InsurancePrivateChennai14Go Digit InsurancePrivatePune15Reliance General InsurancePrivateMumbai16Manipal Cigna Health Insurance Company LimitedPrivateMumbai
References
External links Insurance Regulatory & Development Authority