Private Companies in the Insurance Market in India

As on date, (9th June 2008), there are 16 private Life Insurance companies and 12 private General Insurance companies. For latest information: http://www.irdaindia.org/

There is 1 Public Sector Insurance Company (Life Insurance Corporation of India) and 1 Public Sector General Insurance Company (General Insurance Company). General Insurance Company used to have 4 subsidiaries :

• The Oriental Insurance Company Limited
• The New India Assurance Company Limited
• National Insurance Company Limited
• United India Insurance Company Limited

All these 4 subsidiaries are now de-linked (wef December 2000) and act as independent companies.