Insurance Regulatory and Development Authority of India (IRDAI)

The Reserve Bank of India is the country’s central bank, set up in 1935 under the Reserve Bank of India Act and nationalised in 1949.

SEBI is the regulator of the securities market, set up in 1988 and given statutory powers in 1992; its head office is SEBI Bhavan in Bandra Kurla Complex.

PFRDA regulates the National Pension System and the pension fund managers; it is headquartered in Delhi, and the pension fund managers it licenses — SBI, LIC, UTI, HDFC, ICICI, Kotak and others — are Mumbai companies.

LIC was formed in 1956 when the Government nationalised 245 private life insurers, and its central office is Yogakshema on Jeevan Bima Marg at Nariman Point.

HDFC Life, set up in 2000 as the joint venture of HDFC and Standard Life, is one of the three largest private life insurers in India; its head office is Lodha Excelus at Apollo Mills Compound, Mahalaxmi, close to Worli.

ICICI Prudential Life, the 2000 joint venture of ICICI Bank and Prudential plc, was the first private life insurer to list in India, in 2016; its registered office is ICICI PruLife Towers at Prabhadevi, with offices in B

SBI Life, set up in 2001 by State Bank of India and BNP Paribas Cardif, is the largest private life insurer by new business premium; its corporate office is Natraj at Western Express Highway, Andheri East, with earlier o

Tata AIA Life is the joint venture of Tata Sons and AIA Group of Hong Kong, set up in 2001, with its head office at Peninsula Business Park in Lower Parel.