The insurance industry of India has 57 insurance companies 24 are within the life assurance business, while 33 are non-life insurers. Among the life insurers, life assurance Corporation (LIC) is the sole public sector company.
There are six public sector insurers within the non-life insurance segment. additionally to those, there's a sole national re-insurer, namely General Insurance Corporation of India (GIC Re).
Other stakeholders within the Indian Insurance market include agents (individual and corporate), brokers, surveyors, and third-party administrators servicing insurance claims.
In India, the general market size of the insurance sector is predicted to US$ 280 billion in 2020.
The government's policy of insuring the uninsured has gradually pushed insurance penetration within the country and therefore the proliferation of insurance schemes.
Post-liberalisation, India’s insurance industry has recorded significant growth.
The gross premium collected by life assurance companies in India increased from Rs. 2.56 trillion (US$ 39.7 billion) in FY12 to Rs. 7.31 trillion (US$ 94.7 billion) in FY20. During FY12-FY20, premium from the new professional life insurance companies in India increased at a 15% CAGR to succeed in Rs. 2.13 trillion (US$ 37 billion) in FY20.(Source IBEF)
The Indian insurance market had total gross written premiums of $ 96.9 bn in 2017, representing a CAGR of 12.3% between 2013 and 2017. The CAGR of the market during 2017–22 is predicted to be 4.9%. India accounts for six .1% of the Asia-Pacific insurance market price.
The Indian life assurance market grew by 13.2% in 2017 to succeed in a worth of $ 92.1 bn, it's expected to account for 35% of India's total savings by 2020. India accounts for six .8% of the Asia-Pacific life assurance market price. Whereas, the Indian non-life insurance market grew by 21.6% in 2017 to succeed in a worth of $ 24.5 bn.
Life Insurance Corporation of India popularly known as LIC is the largest life insurance company in India owned by the Government of India
Indian life assurance markets are often categorized into two sub-segments namely, life assurance which contributed to 69.3%, and Pension/ annuity which contributed to 30.7% of the entire market share by value.
There are more than 2.5,000+ Insurance Companies in India and over 140,000+ Insurance Companies in the United States.
The top 10 real estate companies in India are the following:
Life Insurance Corporation of India
Max Life Insurance Company
HDFC Life Insurance Company
ICICI Prudential Life Insurance
Tata AIA Life Insurance Company
Bharti AXA Life Insurance Company
Bajaj Allianz Life Insurance Company
SBI Life Insurance Company
Reliance Nippon Life Insurance Company
AEGON Life Insurance Company
Let's have a look at the list of Insurance Companies in India with their key decision-maker contact information.
Get contact information of Top decision makers like Founder, CEO, CFO, CMO, CTO, Marketing head, HR head, Finance head along with headquarters, no of employees, revenue, founded year, industry in these companies.
Below are the 100 companies with their top management contact details.
Insurance Samadhan
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Aditya Birla Health Insurance
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Ensuredit
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Future Generali
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Pazcare
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Shriram General Insurance
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Square Insurance Brokers Private Limited
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Acko
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Bimape
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Global-india Insurance Brokers Private Limited
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Care Insurance
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Ageas Federal Life Insurance
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Max Bupa
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Max Life Insurance Co Limited
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Idbi Federal Life Insurance Co
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Anviti Insurance Brokers
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Artivaticai
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Fedo
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Capmore Private Limited
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Insurancedekho
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Pinc Insurance
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Futurisk Insurance Broking Co
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Genins India Tpa
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Trinity Reinsurance Brokers
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Icici Prudential Life Insurance
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Hdfc Ergo Health Insurance (formerly Apollo Munich Health Insurance)
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Coco By Navi General Insurance
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Unilight Insurance Brokers Private Limited
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Health India Insurance Tpa Services Private Limited
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Raheja Qbe General Insurance Company Limited
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Gennext Insurance Brokers Private Limited
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Probus Insurance Broker Private Limited
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Toyota Tsusho Insurance Broker India Private Limited
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Alert Insurance Brokers Private Limited
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Health Insurance Tpa Of India Limited
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Sahara India Life Insurance Company Limited
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Tata Motors Insurance Broking And Advisory Services Limited
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Edelweiss Gallagher Insurance Brokers Limited
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Proclaim Insurance Surveyors And Loss Assessors Private Limited
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Edelweiss General Insurance Company Limited
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Toffee Insurance
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Magma Hdi General Insurance Co Limited
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Instapolicy Insurance Broking Private Limited
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Symbo
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Ecgc
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Sbi Life Insurance Co
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Manipalcigna Health Insurance Company Limited
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Policybazaarcom
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First American (india)
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Digit Insurance
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Turtlemint
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Securenow Insurance Broker
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Vital
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Marsh India Insurance Brokers Private Limited
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Reliance General Insurance
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Roadzen
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Aegon Life
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Fhpl
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Bajaj Allianz General Insurance
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Rfl Insurance Broking Private Limited
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Shriram Life Insurance
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Hdfc Life
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Exide Life Insurance
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Policy-boss
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India First Life
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Employees State Insurance Corporation (esic)
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Rajesh Private Limited
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Manish - Health Insurance Advsior
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Lic Agent Recruitment
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Bajaj Capital Insurance
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Life Plus Lic
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Lifexclusiv
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Insurance Agent
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Mohan Associates
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Shabari International
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Interlink Insurance Brokers Private Limited
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A & M Insurance Brokers Private Limited
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J N Associates
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Relleno Insurance Broking Services Private Limited
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Stenhouse Insurance Brokers Private Limited
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Sudarshan Cargo Private Limited
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Srg Group Of Companies
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Ostern Private Limited
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Disha Finance And Investment Private Limited
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Lic India Advisor
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Krishi Care & Management Services Private Limited
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Tvs Insurance
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Insurancemanagercom
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Bonsai Insurance Broking Private Limited
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Hero Insurance Broking India
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Spa Insurance Broking Services Limited
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Identify Oral Care Private Limited
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Baroda L&g Life Insurance Company Limited
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Basket Option Insurance Brokers Private Limited
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Employees State Insurance Corporation Punjab & Chandigarh
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Protocol Surveyors & Engineers Private Limited
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Leads Insurance Brokers Private Limited
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Le Dieu Insurance Brokers Private Limited
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M/s K A Pandit Consultants & Actuaries
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Hii Insurance Broking Services Private Limited
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