1] LIFE INSURANCE.
2] NON LIFE OR GENERAL INSURANCE.
There are lots of companies in India, covers life insurance. Leading is LIC = Life Insurance Corporation of India. There are other few companies started since 9 years and few of them are: TATA AIG, BIRLA SUNLIFE, ICICI, RELIANCE, KOTAK, AVIVA, etc.etc.
There are 4 Semi Govt. companies, like New India, Oriental, National and United, covers non-life or General Insurance. There are many other private sector companies are competitive since last 9 years and they are offering better services at competitive rates.
All companies are working as per IRDA guidelines.
