The New India Assurance Company Limited

IRDAI, set up in 1999 and headquartered in Hyderabad, regulates the insurance companies; its Mumbai office in Bandra Kurla Complex sits among the insurers it supervises, most of which are headquartered in the city.

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.

Bajaj Allianz Life, the joint venture of Bajaj Finserv and Allianz SE, is headquartered in Pune and runs a large Mumbai operation; in 2025 Bajaj bought out Allianz’s stake.

Max Life, now Axis Max Life after Axis Bank became its largest shareholder, is headquartered in Delhi with large Mumbai operations; it is among the top private life insurers by premium.