There are 23 life insurance companies in India. Life Insurance Corporation of India (LIC) is the only Public Sector insurance company, the rest all being private insurance players. Most of the private players have tied up with international insurance biggies for their life insurance foray. The life insurance sector in India has seen a lot of action in the last decade with a lot of new players entering the market.
Insurance Regulatory and Development Authority (IRDA) is the regulatory arm of the government of India which oversees the proper functioning of the insurance sector.
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List of Life Insurance Companies