Market share of Life Insurance Companies in India

Here is the market share of various Life Insurance Companies in India at the end of FY2008.

LIC 48.1%
ICICI Prudential 13.7%
Allianz Bajaj 10.3%
SBI Life 6.2%
HDFC Standard 4.1%
Birla Sunlife 3.4%
Reliance Life 3.4%
Max New York 2.4%
OM Kotak 1.9%
AVIVA 1.8%
Tata AIG 1.5%
MetLife 1.4%
ING Vysya 1.2%
Shriram Life 0.3%
Bharti Axa Life 0.2%

The top 5 life insurance companies in India control 85% of the market-share while the remaining dozen are still struggling to setup their operations. LIC is the best when it comes to settlement of claims.