India · South Asia · class L

Life insurance companies in India

26 licensed life insurers, 35% of the 74 insurance entities supervised by the Insurance Regulatory and Development Authority of India. Long-term life assurance, annuities, pensions and savings products.

CompanyClassParent / groupOwnershipRegulatorVerification
Acko Life
Licensed 2023
LLifeAckoDomestic privateIRDAIVerified
Aditya Birla Sun LifeLLifeAditya Birla / Sun LifeDomestic privateIRDAIVerified
Ageas Federal LifeLLifeAgeas / Federal BankDomestic privateIRDAIVerified
Aviva Life Insurance IndiaLLifeAviva / DaburDomestic privateIRDAIVerified
Axis Max LifeLLifeAxis Bank / Max FinancialDomestic privateIRDAIVerified
Bajaj Allianz Life (Bajaj Life)
Allianz exit 2025; rebranding
LLifeBajaj FinservDomestic privateIRDAIVerified
Bandhan Life (ex-Aegon Life)LLifeBandhan FinancialDomestic privateIRDAIVerified
Bharti AXA Life (Bharti Life)LLifeBhartiDomestic privateIRDAIVerified
Canara HSBC Life
Listed 2025
LLifeCanara Bank / HSBCDomestic privateIRDAIVerified
Credit Access Life
Licensed 2023
LLifeCreditAccess GrameenDomestic privateIRDAIVerified
Edelweiss Life (Zuno Life)LLifeEdelweissDomestic privateIRDAIVerified
Generali Central Life (ex-Future Generali Life)LLifeGeneraliIAIGForeign multinationalIRDAIVerified
Go Digit Life
Licensed 2023
LLifeGo Digit / FairfaxDomestic privateIRDAIVerified
HDFC LifeLLifeHDFC BankDomestic privateIRDAIVerified
ICICI Prudential LifeLLifeICICI / Prudential plcDomestic privateIRDAIVerified
IndiaFirst LifeLLifeBank of Baroda / Carmel PointDomestic privateIRDAIVerified
IndusInd Nippon Life (ex-Reliance Nippon Life)
Renamed 2026
LLifeIIHL / Nippon LifeDomestic privateIRDAIVerified
Kotak Mahindra LifeLLifeKotakDomestic privateIRDAIVerified
Life Insurance Corp of India (LIC)
Largest life insurer; listed 2022
LLifeGovernment of IndiaState-owned / parastatalIRDAIVerified
PNB MetLifeLLifePNB / MetLifeDomestic privateIRDAIVerified
Pramerica LifeLLifePiramal / Prudential FinancialDomestic privateIRDAIVerified
Sahara India Life
Portfolio transferred to SBI Life
LLifeSaharaDomestic privateIRDAIVerified
SBI LifeLLifeSBI / BNP Paribas CardifDomestic privateIRDAIVerified
Shriram LifeLLifeShriram / SanlamDomestic privateIRDAIVerified
Star Union Dai-ichi LifeLLifeBoI / Union Bank / Dai-ichiDomestic privateIRDAIVerified
Tata AIA LifeLLifeTata / AIADomestic privateIRDAIVerified

About life insurers in India

How many life insurers are licensed in India?

26 of the 74 licensed insurance entities in India are classified as life (35%), according to the IRDAI register as reflected in this directory (verified - full register).

Who regulates life insurers in India?

Insurance Regulatory and Development Authority of India (IRDAI), under Insurance Act 1938; 100% FDI from 2025. Official website: https://irdai.gov.in.

Are the life insurers in India locally or foreign owned?

1 of 26 belong to regional or foreign multinational groups (including Generali), 1 are state-owned, and the rest are domestic private companies.

Data: /api/v1/countries/india.json (filter by class = "life"). Licence CC BY 4.0, attribute KAFS North America.