Life insurance is one of the growing sectors inIndia since 2000 as Government allowed Private players and FDI up to 26% and recently Cabinet approved a proposal to increase it to 49%. In 1955, mean risk per policy of Indian and foreign life insurers amounted respectively to ₹2,950 & ₹7,859[1] (worth ₹15 lakh & ₹41 lakh in 2017 prices). Life Insurance in India was nationalised by incorporating Life Insurance Corporation (LIC) in 1956. All privatelife insurance companies at that time were taken over by LIC. In 1993, theGovernment of India appointed RN Malhotra Committee to lay down a road map for privatisation of the life insurance sector.[2]
Below are the list of life insurance companies in India:[3]
| Companies |
| ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Policy | |||||||||||||||||||||
| Government schemes | |||||||||||||||||||||
| Legislations | |||||||||||||||||||||
| Other | |||||||||||||||||||||
