List of Life/General Insurance Companies (India) recruiting Actuaries!!

Actuaries can work in many diverse fields.

Life insurance and general insurance are 2 of the most popular.

For all the job seekers, I have put together a list of Life insurers and general insurers located in India.

I hope this would make your job search a little easier :)

Here it goes:


List of Life Insurance Companies:

1) Life Insurance Corporation of India (LIC)
2) HDFC Standard Life Insurance Co. Ltd.
3) Max New York Life Insurance Co. Ltd.
4) ICICI Prudential Life Insurance Co. Ltd.
5) Kotak Mahindra Old Mutual Life Insurance Ltd
6) Birla Sun Life Insurance Co. Ltd.
7) Tata AIG Life Insurance Co. Ltd.
8) SBI Life Insurance Company Ltd .
9) ING Vysya Life Insurance Company Private Ltd
10) Bajaj Allianz Life Insurance Company Ltd
11) Metlife India Insurance Company Ltd.
12) Future Generali India Life Insurance Co. Ltd
13) IDBI Fortis Life Insurance Co. Ltd.
14) Reliance Life Insurance Co. Ltd.
15) Aviva Life Insurance Co. India Pvt. Ltd.
16) Sahara India Insurance Co. Ltd.
17) Shriram Life Insurance Co. Ltd.
18) Bharti AXA Life Insurance Company Ltd.
19) Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd.
20) Aegon Religare Life Insurance Co. Ltd.
21) DLF Pramerica Life Insurance Co. Ltd.
22) Star Union Dai-ichi Life Insurance Co. Ltd.

List of General Insurance Companies :

1) The Oriental Insurance Co. Ltd
2) The New India Assurance Co. Ltd
3) National Insurance Co. Ltd.
4) United India Insurance Co. Ltd.
5) Royal Sundaram Alliance Insurance Co. Ltd.
6) Reliance General Insurance Co. Ltd.
7) IFFCO Tokio General Insurance Co. Ltd.
8) TATA AIG General Insurance Co. Ltd.
9) Bajaj Allianz General Insurance Co. Ltd.
10) ICICI Lombard General Insurance Co Ltd.
11) Apollo DKV Insurance Co. Ltd.
12) Future Generali India Insurance Co. Ltd.
13) Universal Sompo General Insurance Co. Ltd.
14) Cholamandalam General Insurance Co. Ltd.
15) HDFC-Chubb General Insurance Co. Ltd.
16) Bharti Axa General Insurance Co. Ltd.

Please note that this is not an exhaustive list. More about the various companies and fields will be discussed later!!

Actuarial Society of India - How to become a member?

The new generation is becoming more and more experimental. Till the 80s, everyone wanted to become either a doctor or an engineer( in a girl's case teacher). People wanted to go on the tried and tested path only.

Times have changed and these days we come across lots of unconventional choices being made by the youngsters. One such career option is the field of ACTUARIAL SCIENCE.

Actuarial science has emerged out to be one of the best careers in countries like US, UK, Australia etc. The picture in India is not as rosy but a lot has changed over the last 2 decades.  The opening of insurance sectors, BPOs etc in India has made actuarial science a good career to pursue in India.

To become an actuary one has to clear 15 actuarial exams from the Institute of Actuaries of India ,gain some relevant work experience in this field and also attend some courses prescribed for this purpose. To join IAI as a student member, one has to fulfill the following conditions :

1)  Should have completed 18 years of age.
2) Should have attained one of the following educational standards:

A) Passed H.S.C (10+2) or equivalent with atleast 85% in Mathematics/ Statistics.
B) Graduate or Post graduate with mathematical subjects like:

i) Mathematics or any of its branches
ii) Statistics or any of its applications like Mathematical Statistics and Applied Statistics

iii) Econometrics

iv) Computer Science

v) Any discipline of Engineering

vi) Science subject like Physics or any of its branches

The admission under the above groups is subject to certain conditions:

a) The aggregate marks of all the years for any  degree course coming under the classification of Mathematics subjects taken should not be less than 55%.

b) The content of the Mathematical subjects content in all the years of the course taken together is not less than 50% of the total content.

C) MBA/PGDMA or equivalent in disciplines having mathematical/statistical content.

D) Fully qualified members of the following Professional/ Educational bodies:

i) Institute of Chartered Accountant  Of India (ICAI)
ii) Institute Of Cost and Works Accountant Of India (ICWAI)
iii) Insurance Institute of India(III) passing with subjects 81- Mathematical basis of Insurance and 82-Statistics.

E) A student member of the following actuarial bodies:
a)  Institute of Actuaries, UK
b) Faculty of Actuaries, UK
c) Institute of Actuaries of Australia

F) A student of the following actuarial bodies provided atleast one actuarial paper  has been passed:
a) Society of Actuaries, UK
b) Casualty Actuarial Society, USA

3) The medium of instruction in the final examination based on which admission is sought should be English.