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 offices at Nariman Point.
It sells mainly through SBI’s branch network and is listed on the exchanges.
| Name | SBI Life Insurance Company Limited |
|---|---|
| Where in Mumbai | Worli, Mumbai |
| What they do | Life insurer |
| Since | 2001 |
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Bandra Kurla Complex
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.
Churchgate and Marine Lines
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.
Bandra Kurla Complex
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
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.
Churchgate and Marine Lines
GIC Re, formed in 1972 when general insurance was nationalised, is India’s national reinsurer and one of the largest reinsurers in the world by premium; its head office is Suraksha on Veer Nariman Road at Churchgate.
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