How Many Types of Insurance Companies Are There?

There are a total of 57 insurance companies are there in India. For Life Insurance Business there are 24 companies recognized by IRDA, similarly for non-life insurance 33 companies got the approval from IRDA.

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Key Points:

• In India, there are a total of 57 insurance companies are there.
• There are 4 types of General Insurance. 
• General insurance covers your home, your travel, your vehicle, and health (non-life assets) from fire, floods, accidents, man-made disasters, and theft.
• The types of general insurance are motor insurance, health insurance, travel insurance, and home insurance. 
• A general insurance policy pays for the losses that are incurred by the insured during the period of the policy.

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