List of main insurance companies in India: ranking per 2022 turnover

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Life insurance companies in india

Figures in millions

Life Indian insurers2022 turnover2021 turnover2021-2022 evolution (1)2022 shares
INRUSDINRUSD
State-owned companies
Life Insurance Corp. of India LIC4 276 05256 5294 028 86354 9136,14%61,78%
Private companies
SBI Life587 5967 768502 5426 85016,92%8,49%
HDFC Life459 6286 076385 8355 25919,13%6,64%
ICICI Prudential374 5804 952357 3284 8704,83%5,41%
Max Life224 1422 963190 1792 59217,86%3,24%
Bajaj Allianz161 2712 132120 2491 63934,11%2,33%
Tata AIA144 4501 910111 0511 51430,08%2,09%
Kotak Mahindra130 1511 721111 0021 51317,25%1,88%
Aditya Birla Sun life121 4021 60597 7521 33224,19%1,75%
PNB Metlife73 48397160 32882221,81%1,06%
Canara HSBC58 89977951 16069715,13%0,85%
IndiaFirst Life51 86668640 55555327,89%0,75%
Reliance Nippon50 36666647 3656466,34%0,73%
Star Union Dai-ichi41 36854729 98640937,96%0,60%
Exide Life37 68049833 24845313,33%0,54%
Bharti AXA Life26 01634422 80831114,07%0,37%
Shriram Life23 49631120 18527516,40%0,34%
Ageas Federal Life22 07329219 58626712,70%0,32%
Edelweiss Tokio14 64219312 48217017,30%0,21%
Future Generali India Life14 33518913 2221808,42%0,21%
Aviva Life12 68116811 6531598,82%0,18%
Pramerica Life10 9881459 93613510,59%0,16%
Aegon Life4 165555 26172-20,83%0,06%
Sahara India Life614873110-16,01%0,01%
Total2 645 89234 9792 254 44430 72817,36%38,22%
Total life6 921 94491 5086 283 30785 64110,16%100%

(1) Evolution of premiums in INR
Indicators as at 31 March.

Non-life insurance companies india

Figures in millions

Non-life Indian insurers2022 turnover2021 turnover2021-2022 evolution (1)2022 shares
INRUSDINRUSD
State-owned companies
The New India Assurance325 7394 306285 4853 89114,10%14,76%
United India Insurance157 2222 078167 0472 277-5,88%7,13%
The Oriental Insurance137 1101 813124 4971 69710,13%6,21%
National Insurance130 2571 722141 4081 927-7,89%5,90%
Total750 3289 919718 4379 7924,44%34,00%
Private companies
ICICI Lombard179 7692 376140 0311 90928,38%8,14%
Bajaj Allianz136 8861 810125 6951 7138,90%6,20%
HDFC ERGO134 9751 784122 9511 6769,78%6,12%
Tata AIG100 2501 32580 4211 09624,66%4,54%
Reliance94 0901 24483 1031 13313,22%4,26%
SBI General91 6621 21282 6491 12710,91%4,15%
IFFCO Tokio84 5291 11784 1091 1460,50%3,83%
Cholamandalam MS48 24163843 8825989,93%2,19%
Go Digit46 73961824 17632993,33%2,12%
Future Generali India41 38054738 3525237,90%1,87%
Universal Sompo34 56145730 52141613,24%1,57%
Royal Sundaram28 66637928 2233851,57%1,30%
Magma HDI17 57223212 83617536,90%0,80%
Shriram17 52923221 389291-18,05%0,79%
Liberty General15 06519914 4571974,21%0,68%
Acko9 8821314 22458133,95%0,45%
Kotak Mahindra7 425985 4407436,49%0,34%
Raheja QBE3 758502 7223738,06%0,17%
Edelweiss3 489462 1863059,61%0,16%
Navi General1 066141 044142,11%0,05%
Bharti AXA--31 599431--
Total1 097 53414 509980 01013 35811,99%49,73%
Specialized companies
Agriculture Ins. Co. of India139 4021 843120 5251 64315,66%6,32%
Export Credit Guarantee Corp11 06614610 6231454,17%0,50%
Total150 4681 989131 1481 78814,73%6,82%
Stand-Alone Health Insurers
Star Health and Allied114 6351 51693 8851 28022,10%5,19%
Care Health38 80951325 59834951,61%1,76%
Niva Bupa Health28 10037217 50823860,50%1,27%
Aditya Birla17 26622813 00617732,75%0,78%
ManipalCigna Health9 8621307 55510330,54%0,45%
Reliance Health------
Total208 6722 759157 5522 14732,45%9,45%
Total non-life2 207 00229 1761 987 14727 08511,06%100%

(1) Evolution of premiums in INR
Indicators as at 31 March.
Exchange rate as of 03/31/2022: 1 INR = 0.01322 USD; 3/31/2021: INR 1 = USD 0.01363

Read also | Insurance companies in India: 2020 ranking

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Tue, 07/03/2023 - 14:57
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