banner-img

Industry Information

Explore key insights, trends, and updates shaping the industry landscape.

New Business Performance

Industry Updates

Individual Agents Data

Industry Updates

Product of Life Insurers

Industry Information - Product of Life Insurers

MIS

Industry Information - Product of Life Insurers

LIST OF FUND NAVs

Industry Information - Product of Life Insurers

Regulations

Insurance laws and regulations

In India takes care of all matters related to various insurance companies in the country. Much of the development and growth of the insurance sector in India is due to the government's decision to nationalize the insurance business and to allow private and foreign insurance companies to establish their businesses here.

In India, there is one regulatory authority i.e. IRDAI which oversees different functioning of the life insurance companies in India and provide them with guidelines.

Insurance Regulatory and Development Authority of India (IRDAI)

Insurance Regulatory and Development Authority of India (IRDAI) is the controlling body, overseeing important aspects and functioning of various insurance companies in India.

Established by the government, it safeguards the interest of the insurance policy holders of the country.

Some of IRDAI's functions include:

To regulate, ensure and promote the orderly growth of the insurance business.

To prescribe regulations on the investment of funds by insurance companies.

To regulate the maintenance of the margin of solvency.

To adjudicate the disputes between insurers and intermediaries.

Other supporting organizations which facilitate in the working of the industry

The main task of Tariff Advisory Committee is to regulate and control the rates, benefits, terms and conditions offered by life insurance companies in India.

All insurance companies in India are members of the Insurance Association of India. It has two councils under its patronage, mainly a. Life Insurance Council b. General Insurance Council

Ombudsmen play important role in regulating and ensuring smooth functions of the insurance companies. They are appointed to address all complaints relating to settlements of claims. Anyone having a grievance against an insurance company can approach Ombudsmen for redressal.

Click on the following links to view the documents.

For further information on various acts and regulations, please visit www.irda.gov.in

Public Disclosures

Institutes offering Insurance Courses in India:

No Name of the Company Public Disclosures
01
Aditya Birla Sun Life Insurance Company Limited
02
AGEAS Federal Life Insurance Company Limited
03
Aviva Life Insurance Company India Private Limited
04
Axis Max Life Insurance Limited
05
Bajaj Allianz Life Insurance Company Limited
06
Bandhan Life Insurance Limited (Formerly Aegon Life Insurance Company Limited)
07
Bharti AXA Life Insurance Private Limited
08
Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited
09
Edelweiss Tokio Life Insurance Company Limited
10
Future Generali India Life Insurance Company Limited
11
HDFC Life Insurance Company Limited
12
ICICI Prudential Life Insurance Company Limited
13
IndiaFirst Life Insurance Company Limited
14
Kotak Mahindra Life Insurance Company Limited
15
Life Insurance Corporation of India.
16
PNB MetLife India Insurance Company Limited
17
Pramerica Life Insurance Company Limited
18
Reliance Nippon Life Insurance Company Limited
19
Sahara India Life Insurance Company Limited
20
SBI Life Insurance Company Limited
21
Shriram Life Insurance Company Limited
22
Star Union Dai-ichi Life Insurance Company Limited
23
Tata AIA Life Insurance Company Limited

Career

Life Insurance as a Career

The Indian insurance industry has witnessed exceptional growth with private participation. It has a mix of public and private players both in the field of life and non-life business.

This sector not only provides a protective shield to the lives and assets of the nation but also generate thousands of jobs and career opportunities.

A career in Life Insurance is rewarding. You help people realize and fulfill their financial goals, making their lives more satisfying than ever. What's in store for you? A rewarding career, attractive remuneration, the freedom to be your own boss if you work as an agent, infrastructure support and greater opportunities. It's a win-win situation for your customers and you!

Some of IRDAI's functions include:

Advisors

Sales

Fund Management

Legal

Customer Service

Marketing

Actuarial

Underwriting

Operations

No Name of the Company Careers
01
Aditya Birla Sun Life Insurance Company Limited.

Aditya Birla Financial Services,One India Bulls Centre 16th Floor, Tower 1,Jupiter Mills Compound 841, Senapati Bapat Marg, Elphinston Road,Mumbai - 400 013.

02
Aegon Life Insurance Company Limited

Plot No. 19, Next to AXIS Bank, Subhash Road, Vile Parle (East), Mumbai - 400 057.

03
Bharti AXA Life Insurance Company Limited

601-602, 6th floor, Raheja Titanium, Off Western Express Highway, Goregaon (E),Mumbai - 400 063.

04
Aviva Life Insurance Company India Limited.

Aviva Tower, Sector Road, Opp Golf Course, DLF Phase V Sector 43, Gurgaon 122 003, Haryana.

05
Bajaj Allianz Life Insurance Company Limited

GE Plaza, Airport Road, Yerawada, Pune - 411 006.

06
Canara HSBC Life Insurance Company Limited

2nd Floor, Orchid Business Park, Sector – 48, Sohna Road Gurgaon – 122018, Haryana (India).

07
DHFL Pramerica Life Insurance Company Limited

4th Floor, Building No. 9, Tower B Cyber City, DLF City, Ph-III, Gurgaon - 122 002.

08
Edelweiss Tokio Life Insurance Company Limited

Edelweiss House, off C.S.T. Road, PKalina, Mumbai - 400 098.

09
Exide Life Insurance Company Limited

3rd Floor, JP Techno Park, No. 3/1, Millers Road, Bengaluru – 560 001.

10
Future Generali India Life Insurance Company Limited

001, Trade Plaza, 414, Veer Savarkar Marg, Prabhadevi, Dadar (west), Mumbai - 400 025.

11
HDFC Life Insurance Company Limited

"Trade Star", 2nd floor, 'A' Wing, Kondivita Road Junction, Andheri-Kurla Road, Andheri (E), Mumbai - 400 059.

12
ICICI Prudential Life Insurance Company Limited

ICICI Prulife Towers , 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025.

13
IDBI Federal Life Insurance Company Limited.

1st floor, Tradeview, Oasis Complex, Kamala City,P. B. Marg. Lower Parel (W), Mumbai - 400 013.

14
IndiaFirst Life Insurance Company Limited

301, 'B' Wing, The Qube, Infinity Park Dindoshi - Film City Road, Malad East, Mumbai 400097.

15
Kotak Mahindra Old Mutual Life Insurance Company Limited

6th Floor Peninsula Chambers, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400 013.

16
Life Insurance Corporation of India

Yogakshema, Jeeva Bima Marg, Post Box No. 19953, Mumbai - 400 021.

17
Max Life Insurance Company Limited

11th Floor, DLF Square , Jacaranda Marg, DLF City, Phase-II, Gurgaon - 122 002.

18
PNB MetLife India Insurance Company Limited

Brigade Seshamahal, No. 5, Vani Vilas Road , Basavanagudi, Banglore - 560 004.

19
Reliance Nippon Life Insurance Company Limited

9th and 10th floor, building no.2, R-Tech Park, Nirlon compound, next to Hub mall, behind I-Flex building, Goregaon (east), Mumbai 400063..

20
Sahara India Life Insurance Company Limited.

Sahara India Bhawan, Kopoorthala Complex, Lucknow 226024.

21
SBI Life Insurance Company Limited

Turner Morrison Building, 2nd Floor, 16, Bank Street, Fort, Mumbai - 400 023.

22
Shriram Life Insurance Company Limited

Mookambika Complex, II Floor, No.4, Lady Desika Road, Mylapore, Chennai 600 004

23
Star Union Dai-ichi Life Insurance Company Limited.

11th Floor, Raghuleela Arcade, IT park, Sector 30 A, Opp. Vashi Railway Station, Vashi, Navi Mumbai - 400 703.

24
Tata AIA Life Insurance Company Limited.

5th & 6th Floor, Peninsula Tower, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400 013