There is huge growth of insurance sector in India thanks to the opening up of the sector to private players. All the big national and international corporate playes in the financial field have entered into Life Insurance and General Insurance. Number of MNC financial institutions have joined hands with local big players such as Birlas, Tatas, Bhartis and ICICI etc. Insurance Policies covering from new born babies to senior citizens are on offer from all major Insurance Companies. The premiums also coming down as the companies trying to attract more and more loyal people under their fold.
Insurance companies have realised the potential of Insurance Sector in India as there is a huge growth in the population for the past two or three decades. The segment of people covered under various insurance companies through different policies is still meagre compared to the developed countries like USA and European Countries. The companies in India are putting their best efforts to spread awareness on the importance of insurance to the people at mandal, big panchayat and village levels. The days have gone where LIC agents have ben treated on par with company CEOs at rural places, though it is still the major company in the sector.
Following is the list of all life insurance companies of operating in India. The corporate companies like Kotak Mahindra, ICICI, Bharti are offering policies at lower premiums compared to other players in the field. Here is the list of companies:
1. Life Insurance Corporation (LIC)
2. ICICI Prudential Life Insurance
3. Birla Sun Life Insurance
4. Tata AIG Life Insurance
5. Met Life India Insurance
6. Kotak Life Insurance
7. Aviva Life Insurance
8. Max New York Life Insurance
9. AEGON Religare Life Insurance
10. IDBI Fortis Life Insurance
11. Future Generali Life Insurance
12. HDFC Standard Life Insurance
13. Bharti AXA Life Insurance
14. ING Vysya Life Insurance
15. Reliance Life Insurance Company Limited