List of car insurance companies in India

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List of car insurance companies in India – Top 20 best vehicle, motor, auto, government and private car insurance companies in Mumbai, Delhi, Chennai, Bangalore, Pune and Kolkata in India to get best auto insurance quotes, policies and plans

List of top 20 best car insurance companies in India !

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 endeavors to improvise and cater to every need of the modern day customer with superior customer support service through automated processes. This helps to provide customers a seamless and hassle-free experience.

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.

The New India Assurance Company Limited

It is the largest Non-Life insurer in Afro-Asia excluding Japan and the first Indian non-life company to reach Rs. 10073.88 crores Gross Premium and has an overseas presence in countries like Japan, U.K, Middle East, Fiji and Australia. The company has the largest number of Offices – In India and abroad, trained and technically qualified staff and is the first domestic company to be rated by an International Rating Agency Rating based upon following factors:

Superior capital position, strong operating performance, strong market position, only company to develop significant International operations and a long record of successful trading outside India.

Bajaj Allianz General Insurance Company Limited

Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserv Limited (recently demerged from Bajaj Auto Limited) and Allianz SE. Both enjoy a reputation of expertise, stability and strength. Bajaj Allianz General Insurance received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 2nd May, 2001 to conduct General Insurance business (including Health Insurance business) in India. The Company has an authorized and paid up capital of Rs 110 crores. Bajaj Finserv Limited holds 74% and the remaining 26% is held by Allianz, SE.

The United India Insurance Company Limited

United India Insurance Company Limited was incorporated as a Company on 18th February 1938 and the General Insurance Business in India was nationalized in 1972. After nationalization, United India has grown by leaps and bounds and has 18300 work force spread across 1340 offices providing insurance cover to more than 1 Crore policy holders. The Company has a variety of insurance products to provide insurance cover from bullock carts to satellites.

ICICI Lombard General Insurance Company Limited

ICICI Lombard GIC Ltd. is a joint venture between ICICI Bank Limited, India’s second largest bank with consolidated total assets of over USD 99 billion at March 31, 2013 and Fairfax Financial Holdings Limited, a Canada based USD 37 billion diversified financial services company engaged in general insurance, reinsurance, insurance claims management and investment management. ICICI Lombard GIC Ltd. is the largest private sector general insurance company in India with a Gross Written Premium (GWP) of Rs. 6,420 crore for the year ended March 31, 2013.

The National Insurance Company Limited

National Insurance Company (NIC) was incorporated on 6th December 1906 at the height of the country’s nationalist Swadeshi movement as an expression of the Indian aspiration to establish a strong indigenous Company even in the midst of foreign rule. Today, 107 years after its incorporation, NIC stands tall as the oldest insurance company in India and the only PSU non life insurance Company headquartered in the eastern part of the country. These business centers have been successful in reaching general insurance to hitherto unrepresented areas and segments across the country and stands as a model platform for penetration of the Insurance market.The Company also has operations in Nepal.

Reliance General Insurance Company Limited

Reliance General Insurance is one of the leading private general insurance companies of India. They offer an exhaustive and customized basket of insurance products that include motor, health, travel, student travel insurance etc with over 94 customized insurance products catering to the corporate, SME and individual customers. To pursue their belief in providing easy access to customers and distributors, they have 139 offices spread across 102 cities over 24 states. Apart from this, they also provide easy access to customers with a dedicated 24×7 call center, a transactional website, tie-ups through banks, channel partners and brokers.

The Oriental Insurance Company Limited

The Oriental Insurance Company Ltd was incorporated at Bombay on 12th September 1947. The Company was a wholly owned subsidiary of the Oriental Government Security Life Assurance Company Ltd and was formed to carry out General Insurance business. The Company is a pioneer in laying down systems for smooth and orderly conduct of the business. The strength of the company lies in its highly trained and motivated work force that covers various disciplines and has vast expertise. Oriental specializes in devising special covers for large projects like power plants, petrochemical, steel and chemical plants.

The company has developed various types of insurance covers to cater to the needs of both the urban and rural population of India. The Company has a highly technically qualified and competent team of professionals to render the best customer service.

IIFCO Tokio General Insurance Company Limited

IFFCO-Tokio General Insurance was incorporated on 4th December 2000 with a vision of being industry leader by building customer satisfaction through fairness, transparency, and quick response. It is a joint venture between the Indian Farmers Fertilizer Co-operative (IFFCO) and its associates and Tokio Marine and Nichido Fire Group which is also the largest listed insurance group in Japan.

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 follows a robust multi-distribution model encompassing Bancassurance, Agency, Broking & Retail Direct Channels. Today, SBI General’s Distribution family includes over 11,000 IRDA certified SBI & its Associate Bank employees and over 4,800 Agents. SBI General’s current geographical coverage extends to 56 cities pan India and presence in another 350+ locations through satellite resources and is currently serving three key customer segments i.e. Retail Segment (catering to Individual & Families), Corporate Segment (catering mid to large size Companies) and SME Segment.

Current Policy offering of SBI General covers Motor, Health, Travel, Personal Accident & Home Insurance for Individuals and Aviation, Fire, Marine, Package, Construction & Engineering, Liability, Group Health, Group Personal Accident & Miscellaneous Insurance for Businesses.