Below is a list of the Top 10 insurance companies in India, as of Dec-2010.
The undisputed leader of insurance in India LIC is ranked as the best insurance company in India. The history of LIC goes back to the history of insuranc in the country. The company
accounts for a total market share of 64% in the insurance industry in India. .
Among the Top 10 insurance companies in India ICICI Prudential Life Insurance Co Ltd is the largest private life insurance company in the country. A joint venture between ICICI Bank and Prudential plc this company commenced operations in 2000. Currently the company holds a total market share of 8.93% in the Indian insurance industry.
Bajaj Allianz Life Insurance Co Ltd
Bajaj Allianz Life Insurance Co Ltd also figures in the list of the Top 10 insurance companies in India. A joint venture between global automobile giants Bajaj Auto Allianz AG's this company is ranked second (after LIC) in the number of policies sold. Presently the company accounts for a total market share of 7.36%.
SBI Life Insurance Co Ltd
Ranked 6th in the year 2007-08 SBI Life Insurance Co Ltd is a joint venture between State Bank of India and BNP Paribas Assurance. The company today stands as one of the most trusted insurance brands after LIC and has shown phenomenal growth over a period of two years.
Reliance Life Insurance Co Ltd
Reliance Life Insurance Co Ltd is a part of Reliance Anil Dhirubhai Ambani Group and is among India's leading private insurance companies. Currently the company stands at number five in terms of new business premium and accounts for a a total market share of 2.96% 4th in number of new policies sold in 2007-08.
HDFC Standard Life Insurance Co Ltd is one of the Top 10 insurance companies in India. This company is a joint venture between Housing Development Finance Corporation Limited and Standard Life plc. The company currently holds a total market share of 2.88% in the Indian insurance industry.
Birla Sun Life Insurance Co Ltd
Incorporated in the year 2000 Birla Sun Life Insurance Co Ltd in the last decade has witnessed phenomenal. Currently the market stands at number seven in the list of the top ten insurance companies in India.
Max New York Life Insurance Co Ltd
Known for its extensive product portfolio Max New York Life Insurance Co Ltd is a joint venture between Max India Limited and New York Life International a fortune 500 company. Currently it is among the best insurance and most trusted insurance companies in India today.
Kotak Mahindra Old Mutual Life Insurance Ltd
Another important insurance company in India Kotak Mahindra Old Mutual Life Insurance Ltd is one of the fastest growing private insurance companies today. The company is said to have doubled its branches from 74 to 150 since the year 2008 to 2010.
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