How Many Non Life Insurance Company In India. Life insurance business was started in india in 1818 with the establishment of oriental life insurance company in kolkata. In terms of insurance density, india’s overall density stood at us$ 78 in fy21.
This company later got merged with 12 indian insurance companies, 4 cooperative insurance societies and indian operations of 5 foreign insurers, apart from general insurance operations of southern region of life insurance corporation of india. According to ibef (india brand equity foundation), in fy19, the total premium from the new life insurance business in india increased up to rs. 2.15 trillion (or us$ 30.7 billion), showing a.