Life Insurance Companies

Aditya Birla SunLife Insurance Company Limited is a joint venture between Aditya Birla Group (51% Stake), and Sun Life Financial Inc. from Canada (49% Stake). Aditya Birla SunLife Insurance has the market share of 1.40% and revenue for the year 2019-20 is INR 8,010 crore. It has the solvency ratio of 1.78.

Aegon Life Insurance Company Limited is a joint venture between The Times Group (51% Stake) and Dutch Aegon N.V. (49% Stake). Aegon Life Insurance has the market share of 0.10% and revenue for the year 2019-20 is INR 576 crore. It has the solvency ratio of 2.36.

Aviva Life Insurance Company India Limited is a joint venture between Dabur Group (51% Stake) and Aviva plc (49% Stake), a British assurance company. Aviva Life Insurance has the market share of 0.21% and revenue for the year 2019-20 is INR 1,194 crore. It has the solvency ratio of 2.42.

Bajaj Allianz Life Insurance Company Limited is a joint venture between Bajaj Finserv Limited (74% Stake) and Allianz SE, a European financial services company (26% Stake). Bajaj Allianz Life Insurance has the market share of 1.70% and revenue for the year 2019-20 is INR 9,753 crore. It has the Solvency ratio of 7.45.

Bharti AXA Life Insurance Company Limited is the joint venture between Bharti Bharti Enterprises (51% Stake) and AXA Group (49% Stake). Bharti AXA Life Insurance has the market share of 0.38% and revenue for the year 2019-20 is INR 2,187 crore. It has the solvency ratio of 1.86.

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited is a joint venture of Canara Bank (51% Stake), Oriental Bank of Commerce (23% Stake) and HSBC Insurance Holdings Limited (26% Stake). This insurer has the market share of 0.69% and revenue for the year 2019-20 is INR 3,943 crore. It has the solvency ratio of 3.65.

Edelweiss Tokio Life Insurance Company Limited is a joint venture between Edelweiss (51% Stake) and Tokio Marine, Japan (49% Stake). Edelweiss Tokio Life Insurance has the market share of 0.18% and revenue for the year 2019-20 is INR 1,048 crore. It has the solvency ratio of 2.32.

Exide Life Insurance Company Limited is a 100% Indian owned life insurance company, owned by the Exide Industries. Exide Life Insurance Company Limited has the market share of 0.56% and revenue for the year 2019-20 is INR 3,220 crore. It has the Solvency ratio of 2.10.

ICICI Prudential Life Insurance Company Limited is a joint venture between ICICI Bank (74.17% Stake) and Prudential PLC (25.83% Stake) United Kingdom. ICICI Prudential has the market share of 5.84% and the revenue for the year 2019-20 is INR 33,431 crore. It has the Solvency ratio of 1.94.

IDBI Federal Life Insurance Company Limited is a joint venture of IDBI Bank & Federal Bank (74% Stake) and Ageas (26% Stake) a multinational insurance giant based out of Europe. IDBI Federal Life Insurance has the market share of 0.32% and revenue for the year 2019-20 is INR 1,843 crore. It has the solvency ratio of 2.98.

IndiaFirst Life Insurance Company Limited is a joint venture between Bank of Baroda (44% Stake), Andhra Bank (30% Stake) and Legal & General (26% Stake) United Kingdom's financial and investment company. IndiaFirst Life Insurance has the market share of 0.59% and revenue for the year 2019-20 is INR 3,360 crore. It has the solvency ratio of 1.72.

Kotak Mahindra Life Insurance Company Limited is a joint venture between Kotak Mahindra Group of India (74% Stake) and Old Mutual from South Africa (26% Stake). Kotak Mahindra Life Insurance has the market share of 1.80% and revenue for the year 2019-20 is INR 10,340 crore. It has the Solvency ratio of 2.90.

Life Insurance Corporation of India (LIC) is an Govt. of India owned insurance group and investment company with 100% stake. It's headquarter is in Mumbai. LIC has the market share of 66.22% and revenue for the year 2019-20 is INR 3,79,390 crore. It has the Solvency ratio of 1.55.

Max Life Insurance Company Limited is a joint venture between Max Financial Services (75% Stake) and Mitsui Sumitomo Insurance Company (25% Stake). Max Life Insurance has the market share of 2.82% and revenue for the year 2019-20 is INR 16,184 crore. It has the Solvency ratio of 2.07.

PNB MetLife India Insurance Company Limited is the joint venture between Punjab National Bank (74% Stake) and MetLife International Holdings LLC (26% Stake). PNB MetLife India Insurance has the market share of 0.96% and revenue for the year 2019-20 is INR 5,507 crore. It has the Solvency ratio of 1.89.

Pramerica Life Insurance Limited (earlier known as DHFL Pramerica Life Insurance Company Limited) is a joint venture between DHFL Investments Limited (51% Stake) and Prudential International Insurance Holdings Limited (49% Stake). DHFL Pramerica Life Insurance has the market share of 0.21% and revenue for the year 2019-20 is INR 1,228 crore. It has the solvency ratio of 3.50.

Reliance Nippon Life Insurance Company Limited is a joint venture between Anil Dhirubhai Ambani's Reliance Group (51% Stake) and Nippon Life Japan (49% Stake). Reliance Nippon Life Insurance has the market share of 0.78% and revenue for the year 2019-20 is INR 4,441 crore. It has the Solvency ratio of 1.84.

Sahara India Life Insurance Company Limited is an Indian conglomerate headquartered in Lucknow, India. Sahara India Life Insurance Company Limited has the market share of 0.02% and revenue for the year 2019-20 is INR 87 crore. It has the solvency ratio of 9.13.

SBI Life Insurance Company Limited is a joint venture between State Bank of India (70.1% Stake) and BNP Paribas Cardif (26% Stake) Paris. SBI Life has the market share of 7.09% and the revenue for the year 2019-20 is INR 40,635 crore. It has the Solvency ratio of 1.95.

Shriram Life Insurance Company Limited is a joint venture between Shriram Group of Companies (77.14% Stake) and Sanlam Company (22.86% Stake), South Africa. Shriram Life Insurance has the market share of 0.30% and revenue for the year 2019-20 is INR 1,729 crore. It has the solvency ratio of 1.78.

​Star Union Dai-Ichi Life Insurance Company Limited is a joint venture of Bank of India & Union Bank of India (54.04% Stake) and Dai-Ichi Life (45.94% Stake), a leading life Insurance company of Japan. Star Union has the market share of 0.40% and revenue for the year 2019-20 is INR 2,310 crore. It has the solvency ratio of 2.40.

Tata AIA Life Insurance Company Limited is a joint venture between Tata Sons Limited (51% Stake) and AIA Group Limited (49% Stake). Tata AIA Life Insurance has the market share of 1.45% and revenue for the year 2019-20 is INR 8,309 crore. It has the Solvency ratio of 2.35.