Founded in 1956, Life Insurance Corporation of India (LIC) is the largest life insurance company in the country with a total income of Rs. 6,15,882.94 crore and total assets worth Rs. 31,96,214.81 crore It’s fully owned by the Government of India & is also the county’s largest investor.
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.
HDFC Life Insurance Company Limited is the First Private Sector Life Insurance Company to be granted a license.
ICICI Prudential Life Insurance Company is a joint venture between ICICI Bank, a premier financial powerhouse, and Prudential plc, a leading international financial services group headquartered in the United Kingdom.
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.
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.