SBI Life
Established in 2000 as a joint venture between SBI and BNP Paribas Cardiff S.A., SBI Life is one of the largest life insurance companies in India with a market share of 8 per cent as of FY21, just behind the insurance giant LIC. It has the second largest AUM, which stands at ₹2.6 lakh crore as of December 2021. It is also the second largest in terms of profits as of FY21. SBI holds a 55.5 per cent stake in the company
ICICI Prudential Life
ICICI Prudential Life was incorporated by ICICI Bank (holds 51.3 per cent stake) and Prudential Corporation (holds 22.1 per cent) in 2001. It is the fourth-largest life insurer in India with a market share of 5.7 per cent as of FY21. As of December 2021, the company had an AUM of ₹2.5 lakh crore, making it the largest among the private life insurers and the fourth largest in terms of profits as of FY21.
HDFC Life
This story is from the April 2022 edition of Wealth Insight.
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This story is from the April 2022 edition of Wealth Insight.
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