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The insurance companies in India ranked according to the Assets under management are

Life Insurance Corporation ( LIC)

ICICI Prudential

Bajaj Allianz


SBI Life

Birla Sunlife

Kotak Mahindra

Max New York Life


LIC has more than Rs 6,50,000 crores of assets under management and is much bigger than all the other insurance companies companies. However less than 30% of  the assets are invested in the equity market.

The next 2 largest insurers ICICI Prudential and Bajaj Allianz  derive most of  their income from ULIPs and have about 60% of their assets invested in the equity market. ICICI Prudential seems to offer a substantial commission to their insurance agents (who will share part of it with you, if you ask) . The other insurers have a smaller proportion of  their assets invested in the equity market.


( August  2007)