Track how many active mutual funds hold insurance stocks in India. Monthly data shows where institutional conviction across HDFC Life, SBI Life, ICICI Prudential Life, LIC, ICICI Lombard, Star Health, Go Digit, Max Financial, Niva Bupa and others is rising or falling.
📅 Updated Jul 2026 · Index funds and ETFs excluded
| # | Stock Name | Apr | May % | Jun % | Jul % | Jul 2026 Funds | Overall % | AUM (₹ Cr) |
|---|---|---|---|---|---|---|---|---|
| 1 | Max Financial Services LimitedInsurance | 149 | +3.4% | -3.2% | -8.1% | 137 | -8.1% | 15,333 |
| 2 | SBI Life Insurance Company LimitedInsurance | 147 | 0% | -9.5% | -3% | 129 | -12.2% | 17,741 |
| 3 | ICICI Lombard General Insurance Company LimitedInsurance | 116 | -6% | -4.6% | -11.5% | 92 | -20.7% | 9,385 |
| 4 | HDFC Life Insurance Company LimitedInsurance | 103 | -3.9% | -11.1% | -14.8% | 75 | -27.2% | 8,726 |
| 5 | ICICI Prudential Life Insurance Company LimitedInsurance | 44 | +4.5% | -4.3% | -6.8% | 41 | -6.8% | 4,733 |
| 6 | Canara HSBC Life Insurance Co LtdInsurance | 28 | 0% | -7.1% | 0% | 26 | -7.1% | 1,749 |
| 7 | Life Insurance Corporation Of IndiaInsurance | 34 | -20.6% | -11.1% | +4.2% | 25 | -26.5% | 1,634 |
| 8 | Star Health And Allied Insurance Company LimitedInsurance | 26 | -15.4% | 0% | -4.5% | 21 | -19.2% | 3,344 |
| 9 | Go Digit General Insurance LimitedInsurance | 21 | +9.5% | +8.7% | -20% | 20 | -4.8% | 1,867 |
| 10 | Medi Assist Healthcare Services LtdInsurance | 19 | -5.3% | -5.6% | -11.8% | 15 | -21.1% | 575 |
| 11 | Niva Bupa Health Insurance Company LimitedInsurance | 15 | +13.3% | 0% | -17.6% | 14 | -6.7% | 1,427 |
| 12 | General Insurance Corporation of IndiaInsurance | 11 | 0% | +9.1% | +8.3% | 13 | +18.2% | 1,056 |
Insurance stocks in India include life insurers, general insurers, health insurers, and reinsurers. Life insurance is dominated by LIC, HDFC Life, SBI Life and ICICI Prudential Life. General insurance includes ICICI Lombard and The New India Assurance. Health insurance pure-plays include Star Health, Niva Bupa Health Insurance and Go Digit General Insurance. Max Financial Services is the holding company for Max Life Insurance. Canara HSBC Life is a bancassurance-focused player. Fund managers track insurance stocks as leveraged plays on India rising insurance penetration, which at around 4 percent of GDP remains well below global averages.
Rising fund counts over four months signal growing institutional conviction in the insurance theme. Cross-reference individual fund portfolios on our top stocks page or explore full holdings via the funds directory.
India insurance sector is at an inflection point. Life insurance penetration is rising as household savings shift from physical assets to financial products. Health insurance has seen explosive growth post-COVID as awareness of medical costs has increased sharply. IRDAI regulatory reforms are encouraging new product innovation and distribution. Bancassurance and digital channels are expanding reach into tier 2 and tier 3 cities. Fund managers view insurance stocks as structural long-term plays — companies that benefit from compounding premium growth, investment income, and operating leverage as scale increases.
For context on SEBI disclosure requirements, refer to AMFI India. For regulatory guidelines, visit SEBI India. Explore broader holding trends using our market cap categories page.
The AUM column shows the total market value of holdings in that stock across all active equity mutual funds in the latest month, expressed in crores of rupees. A high AUM alongside a rising fund count signals strong and growing conviction, while a falling fund count with still-high AUM may indicate remaining funds are holding larger positions even as others exit. This data is updated automatically each month as new portfolio disclosures are uploaded.
To explore individual fund portfolios and see which specific funds hold each insurance stock, visit the funds directory or click any stock name in the table above. Use the SIP calculator to plan investments in funds with high financial services exposure. For a broader market view, see our AAUM data page.