India’s Leading BFSI and FinTech Companies 2023

India’s Leading BFSI and FinTech Companies 2023 | 31 [ LIST OF TOP INSURANCE COMPANIES ] Life Insurance Sr No DUNS No Company Name FY22 Total Income ( ` bn) Net Premium Earned ( ` bn) Solvency Ratio (%) AUM ( ` bn) 1 65-005-6716 Life Insurance Corporation of India 7,213.0 4,274.2 1.9 36,794.7 2 65-053-5284 SBI Life Insurance Co. Ltd. 840.2 584.3 2.1 2,640.5 3 91-533-8342 HDFC Life Insurance Co. Ltd. 661.5 454.0 1.8 2,020.5 4 91-534-1275 ICICI Prudential Life Insurance Co. Ltd. 645.8 363.2 2.1 2,359.4 5 91-534-6238 Max Life Insurance Co. Ltd. 311.4 219.9 2.0 1,067.9 6 91-823-6019 Bajaj Allianz Life Insurance Co. Ltd. 253.1 159.2 5.8 834.4 7 91-958-7233 Tata AIA Life Insurance Co. Ltd. 198.6 140.7 2.0 570.0 8 72-537-7720 Kotak Mahindra Life Insurance Co. Ltd. 175.1 127.8 2.7 551.6 9 91-857-9769 Aditya Birla Sun Life Insurance Co. Ltd. 172.8 116.4 1.9 605.6 10 91-849-6449 PNB MetLife India Insurance Co. Ltd. 103.6 69.6 2.1 341.0 11 67-637-1963 Canara HSBC OBC Life Insurance Co. Ltd. 87.5 58.2 2.8 262.7 12 91-847-8582 Reliance Nippon Life Insurance Co. Ltd. 76.6 50.0 2.4 273.6 13 65-049-5398 IndiaFirst Life Insurance Co. Ltd. 72.6 49.9 1.7 187.6 14 65-033-6030 Star Union Dai-Ichi Life Insurance Co. Ltd. 51.6 39.2 2.0 145.1 15 91-862-9304 Aviva Life Insurance Company India Ltd. 48.7 12.0 1.8 115.6 16 67-713-9396 Bharti AXA Life Insurance Co. Ltd. 38.7 25.6 1.6 110.3 17 67-611-3062 Ageas Federal Life Insurance Co. Ltd. 34.3 21.9 3.1 135.1 18 67-553-5141 Shriram Life Insurance Co. Ltd. 30.2 23.4 2.1 76.2 19 86-380-6168 Edelweiss Tokio Life Insurance Co. Ltd. 22.1 14.3 2.1 54.2 20 65-030-8604 Future Generali India Life Insurance Co. Ltd. 20.1 13.8 1.8 60.1 21 67-767-8558 Pramerica Life Insurance Ltd. 16.0 10.5 4.0 61.7 22 91-562-8524 Aegon Life Insurance Co. Ltd. 7.6 3.4 3.3 36.8 23 91-821-0324 Sahara India Life Insurance Co. Ltd. 2.1 0.6 6.7 15.1 Dun & Bradstreet