Providers of life insurance policies. in India - Sic Code 6311 (31,811 Companies)
Companies in this industry offer life insurance policies that pay a benefit to beneficiaries upon the insured's death. These policies can include term life, whole life, and universal life insurance, catering to different customer needs for financial security.
Among the companies & organizations operating in this sic code are Life Insurance Companies, Insurance Agencies, Financial Services Providers and Insurance Brokers.
Top 25 Largest Companies companies in Life Insurance Industry
The life insurance industry primarily operates on a B2C model, with revenues generated through policy premiums paid by individual policyholders. The industry is characterized by steady growth, driven by increasing consumer awareness of financial planning, with a competitive landscape that includes both traditional insurers and newer entrants leveraging technology and direct-to-consumer sales models.
Industry Statistics
The total number of companies in Life Insurance is 31,811
Company Size Distribution in Life Insurance Industry
The distribution of companies by employee count shows that the majority (19,404) have between 1 and 100 employees.
Revenue Distribution in Life Insurance Industry
The distribution of companies by annual revenue shows that 8,939 companies have revenue between $1 million and $5 million.
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Top cities in India in Life Insurance
| # | Country | Number of companies | Percentage |
|---|---|---|---|
| 1 | Mumbai | 1,547 | |
| 2 | New Delhi | 1,135 | |
| 3 | Chennai | 936 | |
| 4 | Thane | 762 | |
| 5 | Pune | 742 | |
| 6 | Ahmedabad | 709 | |
| 7 | Bengaluru | 629 | |
| 8 | Jaipur | 541 | |
| 9 | Surat | 500 | |
| 10 | Kolkata | 457 | |
| 11 | Hyderabad | 440 | |
| 12 | Coimbatore | 315 | |
| 13 | Vadodara | 301 | |
| 14 | Ludhiana | 265 | |
| 15 | Nagpur | 263 | |
| 16 | Nashik | 245 | |
| 17 | Rajkot | 237 | |
| 18 | Lucknow | 227 | |
| 19 | Patna | 190 | |
| 20 | Aurangabad | 189 | |
| 21 | Gurugram | 183 | |
| 22 | Tiruchirappalli | 180 | |
| 23 | Ghaziabad | 179 | |
| 24 | Indore | 174 | |
| 25 | Ernakulam | 173 |
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