What is an insurance company?

Insurance companies create insurance products with risks in return for the payment of premiums. These companies may be mutual, i.e. owned by a group of policyholders, or proprietary, i.e. individuals. Insurance companies are also called insurers.

How to identify the best insurance company in India?

When choosing a life insurance provider in India, important aspects to consider include the company's reputation, its financial health, the variety of products it offers, its claim settlement record, the quality of customer service, and the affordability of premiums. Disclaimer: Please do your own research or consult your financial advisor before investing.

Do any Indian life insurance companies offer customisable policies?

Many life insurance companies in India offer policies that can be tailored to meet individual preferences and needs. These policies allow policyholders to select specific coverage options, add riders, and determine their sum assured according to their unique requirements. Disclaimer: Please note that the above information is for educational purposes only.

How to invest in Life Insurance Companies?

Here’s how you can invest in Life Insurance Stocks - Go to the Tickertape Stock Screener Select the "Life Insurance" stocks. From the Life Insurance Stocks, analyse and sort the Life Insurance Stocks using over 200+ filters - including valuation ratios, financials, technical indicators, and more - based on your investment thesis. Review the filtered list, and identify stocks that best align with your risk appetite, return expectations, and investment goals. Once you've shortlisted the stocks, click ‘Place Order’ to invest in your preferred Life Insurance Stocks. Disclaimer: Please do your own research or consult your financial advisor before investing.

What is the future projection of Life Insurance Companies?

India’s life insurance sector is poised for steady growth with penetration still low, aided by regulatory reforms, tax incentives, and digital distribution. Rising awareness of protection and bundled health-life products will fuel expansion, though competition and margin pressures could temper stock performance. Disclaimer: This is only for educational purposes as the latest data is derived from major financial research reports.

How to choose Life Insurance Companies for investing?

Choose insurers with strong distribution, high persistency ratios, solid solvency levels, and consistent embedded value growth. Check product mix, investment portfolio quality, and margins to ensure sustainable profitability. Market leaders with digital adaptability and trusted brands usually offer safer long-term bets. Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

Do Life Insurance Companies offer regular dividends?

Many large life insurers like LIC do pay regular (annual) dividends. For example, LIC declared a final dividend of ₹12/share for FY2024-25. Some private insurers also distribute, though yields vary. Disclaimer: This is only for educational purposes as the latest data is derived from Tickertape Stock Screener.

What are the factors affecting Life Insurance Companies prices?

Prices depend on regulatory changes, interest rate movements, policy persistency, claim ratios, and competition from private and digital insurers. Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

List of Insurance Stocks in India (2025)

Life insurance stocks represent companies offering financial protection services. Their market performance is influenced by policy demand, regulatory frameworks, demographic changes, and economic conditions shaping the insurance sector’s growth.

Top Life Insurance Companies in 2025

Life Insurance Stock Screener

Life Insurance Stock Screener: Analyse & Filter Indian Stocks on Tickertape

Created by

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Showing 1 - 5 of 5 results

last updated at 9:45 PM IST

	NameStocks (5)↓	↓Sub-SectorSub-Sector↓	↓Market CapMarket Cap↓	↓Close PriceClose Price↓	↓PE RatioPE Ratio↓	↓1D Return1D Return↓	↓1M Return1M Return↓	↓6M Return6M Return↓	↓1Y Return1Y Return↓	↓PB RatioPB Ratio↓	↓Return on EquityReturn on Equity↓	↓ROCEROCE↓	↓Dividend YieldDiv Yield↓	↓Debt to EquityDebt to Equity↓	↓Volatility vs NiftyVolatility vs Nifty↓
1.	Life Insurance Corporation Of India LICI	InsuranceInsurance	5,50,211.555,50,211.55	869.90869.90	11.3911.39	-0.77-0.77	-3.19-3.19	-9.06-9.06	-10.95-10.95	4.324.32	45.9345.93	1.001.00	1.381.38	0.000.00	1.851.85
2.	SBI Life Insurance Company Ltd SBILIFE	InsuranceInsurance	2,02,917.452,02,917.45	2,023.702,023.70	84.0884.08	1.041.04	1.231.23	14.0214.02	41.3341.33	11.9511.95	15.1315.13	0.600.60	0.130.13	0.000.00	1.621.62
3.	HDFC Life Insurance Company Ltd HDFCLIFE	InsuranceInsurance	1,65,669.001,65,669.00	768.30768.30	91.4991.49	0.990.99	2.812.81	0.880.88	19.4619.46	10.2610.26	11.7511.75	0.380.38	0.270.27	0.180.18	1.691.69
4.	ICICI Prudential Life Insurance Company Ltd ICICIPRULI	InsuranceInsurance	90,612.5790,612.57	626.05626.05	76.4376.43	1.741.74	1.131.13	-1.86-1.86	-7.21-7.21	7.597.59	10.3410.34	0.510.51	0.140.14	0.220.22	1.801.80
5.	Max Financial Services Ltd MFSL	InsuranceInsurance	58,331.3058,331.30	1,690.201,690.20	178.26178.26	0.050.05	5.355.35	12.3712.37	44.7044.70	9.119.11	6.076.07	6.646.64	--	0.160.16	1.911.91

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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Life Insurance Stocks, based on publicly available information and is sorted by market cap.

Top Listed Insurance Stocks in India

SBI Life Insurance Company Ltd

SBI Life began in 2000 and lists on both the NSE and BSE. It has surpassed HDFC Life in market share. The company has an authorised share capital of ₹20 bn and a paid-up share capital of ₹10 bn.

ICICI Prudential Life Insurance Company Ltd

ICICI Prudential launched in 2001 as the first life insurer to list on Indian stock exchanges. It operates as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited.

HDFC Life Insurance Company Ltd

Formed as a joint venture between HDFC Limited and Standard Aberdeen PLC, HDFC Life ranks among India’s leading insurers. Although it showed strong financial growth in recent years, it lost a significant amount of market capitalisation in 2023.

Max Financial Services Ltd

Incorporated in 1988, Max Financial Services Limited serves as the holding company for Max Life Insurance Company Limited. It conducts its life insurance business through Max Life Insurance.

What are Life Insurance Stocks?

Life insurance stocks are shares of companies that operate in the life insurance sector, listed and traded on stock exchanges. These companies primarily provide life insurance policies, annuities, and related financial products that protect individuals and families against financial risks arising from death, disability, or retirement.

How to Choose a Life Insurance Company in India

To pick the right insurer for your needs, consider these factors:
Claim Settlement Ratio (CSR)
Compare each company’s CSR- the percentage of claims settled out of total claims filed in the last financial year. A higher CSR indicates more reliable claim payouts.

Customer Support
Choose an insurer that provides dedicated, 24/7 customer and claims support to handle any issues throughout your policy term.

Consumer Feedback and Reviews
Read customer reviews and feedback to gauge service quality and satisfaction before making your decision.

Availability of Riders
Look for term riders you can add to your base plan for extra coverage at a small additional premium. Common riders include Critical Illness, Accidental Death, Accidental Total & Permanent Disability, and Premium Waiver.

How to Invest in Life Insurance Stocks?

Investing in life insurance stocks using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in life insurance stocks:

Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
Search for Life Insurance Stocks: Go to Tickertape Stock Screener and search for life insurance stocks.
Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or dividend yield. You can create your own custom filter if your preferred parameters are not available. This can help you narrow down the top life insurance stocks in India.
Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
Invest Through Your Broker: Once you’ve identified life insurance stocks that align with your investment thesis, you can place a buy order through your brokerage account linked to Tickertape.

You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

Advantages of Investing in Life Insurance Stocks

Structural Growth Opportunity

India remains under-penetrated in life insurance compared to global peers (insurance penetration <4% of GDP vs. ~10%+ in advanced economies). With rising incomes, financial literacy, and government support, there’s immense room for long-term expansion.

Recent Policy Tailwinds

Removal of 18% GST on life and health policies makes insurance cheaper, boosting demand and increasing policyholder volumes.

Stable Premium Cashflows

Life insurers enjoy steady, recurring premium inflows, which provide predictable revenue streams. These premiums get invested in bonds, equities, and other assets, creating dual revenue streams (underwriting + investment income).

Demographic and Economic Drivers

India’s young, growing population means sustained demand for life cover and retirement products. Rising middle-class wealth and tax incentives under Section 80C & 10(10D) add to the appeal of life insurance products.

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Risks of Investing in Life Insurance Stocks

Regulatory Uncertainty

Frequent rule changes (e.g., tax treatment of policies, product pricing, solvency norms) can disrupt business models and profitability.

Interest Rate Sensitivity

Investment income depends heavily on bond yields. Falling rates reduce returns, while rising rates may reduce policy demand.

Volatile Claim Ratios

Unforeseen events (pandemics, disasters, rising mortality) can increase claim payouts and hurt margins.

Intense Competition

With LIC and private players competing aggressively, margins may face pressure due to pricing wars and distribution costs.

Execution Challenges

Scaling digital platforms, expanding distribution, and retaining customers require ongoing investments, execution gaps can weaken competitiveness.

Factors to Consider Before Investing in Life Insurance Stocks

Regulatory Environment

The insurance sector is heavily regulated by IRDAI and government policies. Changes in tax treatment (e.g., GST exemption in Sept’25) or solvency rules can materially affect profitability and valuations.

Persistency Ratios & Growth in Premiums

Persistency ratio (renewal premium collections vs. expected) indicates customer stickiness. High persistency shows strong brand trust and long-term cashflow visibility.

Claims Ratio & Profitability

Claim settlement ratio shows how much insurers are paying out vs. claims filed. Higher ratios inspire customer trust but can strain profits. Profitability depends on maintaining a balance between low claim ratios and sustainable growth.

Interest Rate & Bond Yields

Since premiums are invested in government bonds and debt securities, bond yields directly influence investment income. Lower yields can shrink profitability, so tracking RBI rate moves is crucial.

Market Position & Brand Strength

LIC has scale and distribution dominance, while private players like HDFC Life and SBI Life score on innovation and efficiency. Market share trends can indicate which companies are gaining an edge in a competitive landscape.

Product Mix, Diversification & Policy Support

A balanced portfolio of term plans, ULIPs, annuities, group insurance, and health riders cushions earnings against volatility, while government incentives like tax exemptions (80C, 10(10D)), GST exemption (2025), and 100% FDI allowance further bolster demand and sector growth.

Conclusion

These are some of the top insurers listed in the Indian stock market. However, to identify the ones that align with your investment thesis, you can use Tickertape Stock Screener. With over 200 filters, you can study the financial metrics of the stocks and choose the best-performing stocks for enhancing the profitability of your portfolio. Consult your financial advisor before investing in any insurance stock or scheme.

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Frequently Asked Questions on Life Insurance Companies

What is an insurance company?
Insurance companies create insurance products with risks in return for the payment of premiums. These companies may be mutual, i.e. owned by a group of policyholders, or proprietary, i.e. individuals. Insurance companies are also called insurers.
How to identify the best insurance company in India?
When choosing a life insurance provider in India, important aspects to consider include the company's reputation, its financial health, the variety of products it offers, its claim settlement record, the quality of customer service, and the affordability of premiums.

Disclaimer: Please do your own research or consult your financial advisor before investing.
Do any Indian life insurance companies offer customisable policies?
Many life insurance companies in India offer policies that can be tailored to meet individual preferences and needs. These policies allow policyholders to select specific coverage options, add riders, and determine their sum assured according to their unique requirements.

Disclaimer: Please note that the above information is for educational purposes only.
How to invest in Life Insurance Companies?
Here’s how you can invest in Life Insurance Stocks -
1. Go to the Tickertape Stock Screener
2. Select the "Life Insurance" stocks.
3. From the Life Insurance Stocks, analyse and sort the Life Insurance Stocks using over 200+ filters - including valuation ratios, financials, technical indicators, and more - based on your investment thesis.
4. Review the filtered list, and identify stocks that best align with your risk appetite, return expectations, and investment goals.
5. Once you've shortlisted the stocks, click ‘Place Order’ to invest in your preferred Life Insurance Stocks.
Disclaimer: Please do your own research or consult your financial advisor before investing.
What is the future projection of Life Insurance Companies?
India’s life insurance sector is poised for steady growth with penetration still low, aided by regulatory reforms, tax incentives, and digital distribution. Rising awareness of protection and bundled health-life products will fuel expansion, though competition and margin pressures could temper stock performance.

Disclaimer: This is only for educational purposes as the latest data is derived from major financial research reports.
How to choose Life Insurance Companies for investing?
Choose insurers with strong distribution, high persistency ratios, solid solvency levels, and consistent embedded value growth. Check product mix, investment portfolio quality, and margins to ensure sustainable profitability. Market leaders with digital adaptability and trusted brands usually offer safer long-term bets.

Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.
Do Life Insurance Companies offer regular dividends?
Many large life insurers like LIC do pay regular (annual) dividends. For example, LIC declared a final dividend of ₹12/share for FY2024-25. Some private insurers also distribute, though yields vary.

Disclaimer: This is only for educational purposes as the latest data is derived from Tickertape Stock Screener.
What are the factors affecting Life Insurance Companies prices?
Prices depend on regulatory changes, interest rate movements, policy persistency, claim ratios, and competition from private and digital insurers.

Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.