General Insurers

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List of general insurance companies in India – Top 10 best general insurers in the private and public sector in India for Accident, Engineering, Health, Liability, Marine, Motor, Property, Overseas Travel and Rural insurance for individuals and corporate.

List of top 10 best general insurance companies in India

Cholamandalam MS General Insurance Company Limited

Cholamandalam MS General Insurance Company Ltd. is a Joint Venture between Murugappa Group and Mitsui Sumitomo Insurance Group of Japan.

Cholamandalam MS offers a wide range of products that include Accident, Engineering, Health, Liability, Marine, Motor, Property, Travel and Rural insurance for individuals and corporate.

The company has 105 branches and over 9000 agents across the country.

HDFC Ergo General Insurance Company Limited

HDFC ERGO General Insurance Company Ltd. is a 74:26 joint venture between HDFC Ltd., India’s premier Housing Finance Institution and ERGO International AG, the primary insurance entity of Munich Re Group.

The Company offers complete range of general insurance products ranging from Motor, Health, Travel, Home and Personal Accident in the retail space and customized products like Property, Marine and Liability Insurance in the corporate space.

HDFC ERGO is expanding its network across the country and is today present in 109 branches spread across 89 cities with an employee base of over 1900 professionals. The Company also has a wide distribution network comprising of brokers, retail and corporate agents, bancassurance besides its own direct sales force.

list of general insurance companies in india

Star Health and Allied Insurance Company Limited

Star Health and Allied Insurance Company Limited (Star Health) has a capital base of Rs.549 crores, more than sufficient to form a General Insurance Company. However, Star Health has chosen to be in the field of Health.

It is India’s first stand-alone Health Insurance Company in India and deals in Personal Accident, Mediclaim and Overseas Travel Insurance.

They are committed to become a STAR in health and related insurance by offering clients the utmost flexibility to create a plan that’s right for them. Also they offer affordable financial protection that effectively addresses their long term health needs.

Apollo Munich Health Insurance Company Limited

Quality healthcare and Apollo have become synonymous in the Indian subcontinent, a fact reiterated by global healthcare experts and international accreditation bodies.

Committed to bring world class health care within the reach of every individual, Apollo Hospitals Group has joined hands with Munich Health, a world leader in the field of health insurance.

The joint venture is poised to make good the conviction of both the partners that Indian health insurance market is on the brink of explosive growth.

Future Generali India Insurance Company Limited

Future Generali India Insurance is a joint venture between India’s leading retailer Future Group and Italy based insurance major Generali.

While retail forms the core business activity of Future Group, group subsidiaries are present in consumer finance, capital, insurance, leisure and entertainment, brand development, retail real estate development, retail media and logistics.

list of general insurance companies in india

Universal Sompo General Insurance Company Limited

Drawing upon the financial strengths and distribution reach of Indian partners and backed by insurance expertise of Sompo Japan, Universal Sompo intends to be a diversified player, participating in healthy competition to augment insurance capacity in the country.

They do this by prudent underwriting, offering innovative and customized Risk Solutions to range of customer segments including Rural and Social sector, utilizing varied Distribution channels.

Their bouquet of insurance products includes Health & Critical Illness, Personal Accident & Disability, Home, Motor, Property for individuals, Offices, Shopkeepers Package and other non-life packages for Small Entrepreneurs, besides Employee Benefit, Operational, Project Insurance, Liability and other special products for Corporates.

Bharti AXA General Insurance Company Limited

Bharti AXA General Insurance Company Ltd is a joint venture between Bharti Enterprises, a leading Indian business group and AXA, a world leader in financial protection. The joint venture company has a 74% stake from Bharti and 26% stake of the AXA Group. The organization commenced national operations in August 2008 and currently has 59 branch offices across the country.

It is the first organization in the general insurance industry to receive dual certifications of ISO 9001:2008 and ISO 27001:2005 within the first year of operations in 2009 and subsequently the certification has been renewed in 2012 for further 3 years.

SBI General Insurance Company Limited

SBI General Insurance Company Limited is a joint venture between the State Bank of India and Insurance Australia Group (IAG). SBI owns 74% of the total capital and IAG the remaining 26%.

SBI General is in the process of setting up a unique multi-distribution model encompassing Bancassurance, Agency, Broking & Retail Direct channels.

Currently they offer insurance cover for Motor, Health, Travel, Personal Accident & Home for Individuals and Aviation, Fire, Marine, Package, Construction & Engineering, Liability, Group Health, Group Personal Accident & Miscellaneous Insurance for Businesses.

list of general insurance companies in india

Max Bupa Health Insurance Company Limited

Max Bupa Health Insurance Company Ltd. (Max Bupa) is a joint venture between Max India Limited and the UK based healthcare services expert, Bupa.

Their vision is to become India’s most admired Health Insurance Company. And to make this vision a reality, they  have brought together their vast and varied experience as the experts in healthcare.

While Bupa has six decades of experience in the healthcare industry and a 11.3 million customer-base in over 190 countries. The Max India Group brings expertise in both health and insurance related services including hospitals, clinical research and life insurance.

The perfect blend of global expertise and local knowledge in both healthcare and insurance makes Max Bupa the perfect choice when it comes to your family’s health and wellness.

At Max Bupa, their mission is to help customers live healthier and more successful lives by providing expertise as healthcare partners.

Religare Health Insurance Company Limited

Religare Health Insurance Company Limited is a specialist health insurer engaged in the distribution & servicing of health insurance products.

Their shareholders comprise three strong entities: Religare Enterprises Limited, a leading diversified financial services group based out of India, Union Bank of India & Corporation Bank.

Religare is promoted by the founders of Fortis Hospitals, which owns or manages 68 hospitals in India; SRL Diagnostics, Asia’s largest network of diagnostic labs with over 1100 collection centers and Religare Wellness, a nationwide chain of stores offering pharmacy and wellness products.

List of general insurance companies in India

The next list of top 10 best general insurance companies in India includes:

New India Assurance Company Limited

The Oriental Insurance Company Limited

National Insurance Company Limited

United India Insurance Company Limited

Bajaj Allianz General Insurance Company Limited

ICICI Lombard General Insurance Company Limited

IIFCO Tokio General Insurance Company Limited

Reliance General Insurance Company Limited

Royal Sundaram Alliance Insurance Company Limited

Tata AIG General Insurance Company Limited

 

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