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The insurance companies in India ranked according to the Assets under management are
Life Insurance Corporation ( LIC)
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)
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