Founded in 1956, Life Insurance Corporation of India (LIC) is the largest life insurance company in the country with an estimated asset value of ₹1,560,482 crore. It’s fully owned by the Government of India & is also the county’s largest investor.
Birla Sun Life Insurance Company Limited (BSLI) is a joint venture between the Aditya Birla Group and the Sun Life Financial Services of Canada. It started operations in March 2001 after receiving its registration licence from IRDA in January 2001.
HDFC Standard Life Insurance Company Limited is the First Private Sector Life Insurance Company to be granted a license.
ICICI Prudential Life Insurance Company is a joint venture between ICICI Bank, a premier financial powerhouse, and Prudential plc, a leading international financial services group headquartered in the United Kingdom.