Insurance Companies (Insurers)

General Insurance Companies

Bajaj Allianz
Care Health
Future Generali
ICICI Lombard
Magma HDI
Manipal Cigna
Royal Sundaram
United India
Cholamandalam MS

Life Insurance Companies

Bajaj Allianz
Future Generali

Insurance is the one of the foremost thing essential for every citizen living in this country. Since, we have no control over certain events in life, it’s important to stay protected over any uncertainty. The best way to stay protected is through buying an insurance policy.

Of late, there has been an increased awareness about the need of Insurance policies in India. In the past only two insurance providers were offering policies for the customers in our country namely, Life Insurance Corporation of India and General Insurance Corporation of India. However, today, there are nearly 24 life companies and 33 companies offer General Insurance policies. Moreover, these companies have tie-ups with several aggregator and distributing companies. From a customer point of view, they have multiple options to choose from.

The main purpose of obtaining insurance is saving you from financial turmoil due to an unforeseen or uncertain event in Life. If you have a proper insurance policy, then the insurer might compensate you for your loss based on the policy’s terms and conditions. There are many types of Insurance policies that serve various purposes. Generally Insurance policies are classified into two broad types,

  • General Insurance Policy
  • Life Insurance Policy

Life Insurance Policy is a contract between the policyholder and the company, where the insurer provides a financial coverage to the insurance holder in exchange for a payment over a period. In the event, a policyholder passes away within the policy tenure; the insurance company provides a lumpsum payout to their nominees. Some Insurance policies offer savings in addition to protection, these are called endowment plans, where the company invests a portion of money under investment and the rest under insurance. 

General Insurance Policy on the otherhand encompasses all the non-life Insurance products. Motor Insurance, Health Insurance, Travel Insurance, Home Insurance, Pet Insurance, and Marine Insurance are some of the General Insurance policies. These policies provide payment to the policyholder based on the loss incurred due to an event as mentioned in the policy’s terms and conditions.


List of Life Insurance Companies

  • Bajaj Allianz LIFE Insurance Co. Ltd

    Bajaj Allianz Life Insurance is one of the leading Life Insurance Provides in India. It’s a joint collaboration between Bajaj Finserv and Allianz SE. Started in the year 2001, Bajaj Allianz Life Insurance has its presence felt all over the country. With over 500 branches and 1, 12,500 agents, they have a robust distribution network and has a stellar claim settlement ratio of 99.02%. The company offers a wide range of life insurance policies to their customers. They have pioneered the concept of Return of Mortality Charges (RoMC) in ULIP segment.

  • Future Generali India Life Insurance Co. Ltd

    Future Generali India Life Insurance is a partnership between Generali Group, a leading Global Insurance group, and Future Group, a leading retailer in India. They have an array of insurance solutions for the customers that includes life protection plans, endowment plans, child protection plans, retirement plans, and various ULIPs. With over 1100 self and partner branches, Future Generali is one of the fastest growing companies under this Segment. Also, they have an impressive 96.15% claim settlement ratio. They have also made their presence felt in the social circles, with their Light a Billion Lives (LaBL) campaign which is a part of their CSR projects.

  • HDFC Life Insurance Company Limited

    HDFC Life is one of India's leading life insurance companies offering a wide range of individual and group life insurance solutions to the Indian customers. Their plans meet multiple kinds of needs such as Protection, Pension, Savings & Investment, Health and more. They have 372 branches across India and multiple distribution partners. HDFC Life Insurance has a hassle-free and uniquely sensitive claim experience and has a proven track record of 98.66 % Claim settlement ratio.


    ICICI Prudential is promoted by ICICI Bank and Prudential Corporation Holdings Limited. Operating from 2001, ICIC Prulife has the distinction of being the first insurance company to be listed in the NSE and BSE. At ICICI Prulif, you can find various plans that cater to the different life stage needs. Their Assets under Management (AUM) was 2442.79 billion as of Sept 2022. ICICI Prudential has maintained a high Claim Settlement Ratio of 97.84%.

List of General Insurance Companies

  • Bajaj Allianz General Insurance Co. Ltd

    Bajaj Allianz General Insurance Company Limited is a joint collab between Bajaj Finserv Limited and Allianz SE with the former holding 74% stakes and the latter holding 26% share. Being one of the leading general insurance provider in India, Bajaj Allianz General Insurance caters to the growing demand of general insurance products in a effective way. Bajaj Allianz has received iAAA rating from ICRA for eleven consecutive years which indicates the company’s high claim settling ability.

  • Care Health Insurance Limited

    Care Health Insurance Limited formerly known as Religare Health Insurance has been providing a range of health insurance products to individuals, corporates, and families. Care Health Insurance has been awarded as ‘Best Health Insurance Product’ and ‘Best Health Insurance Agents’ at the Insurance Alerts Awards, 2021. The company has been using technology in the most effective way to deliver solutions to the customers and has evolved to become one of the most trusted insurance provider in India.

  • Future Generali India Insurance Co. Ltd

    Future Generali is a joint collaboration between two Industry giants – Future Group and Generali Group. The company was incorporated in September 2007 with the objective of providing tailor made insurance solutions to individuals and corporates to help them deal with uncertain situations. Combining the insurance expertise in the global industry arena of Generali Group with the retail giant Future Group’s expertise, Future Generali has been consistently making giant strides in the Indian insurance sector.

  • Go Digit General Insurance Ltd

    Go Digit General Insurance offers non-life insurance products to Indian customers. Having started as Oben General Insurance, their name has now been changed to Go Digit General Insurance. Having a motto “To Make Insurance Simple”, they have been consistently reimagining and redesigning process to provide simple and effective insurance solutions to Indian customers .

  • HDFC Ergo General Insurance Company Limited

    HDFC ERGO General Insurance Company Ltd. is a joint collobaration between HDFC Ltd and ERGO International AG. The Company offers complete range of non-life insurance products such as Health, Travel, Home and Motor Insurance products in the retail sector and Marine, Liability and Property Insurance in the corporate sector. With over 200+ branches in 170+Cities and a workforce of more than 9700+ Individuals, HDFC Ergo has evolved to become one of the most trusted Insurance provider in India.

  • ICICI Lombard General Insurance Co. Ltd

    ICICI Lombard is one the well-known and well-established Insurance provider providing General Insurance solutions to people across India over the years. The company issued 29.3 million policies and settled 2.3 million claims as on March 31, 2022. ICICI Lombard provides Insurance solutions for business, travel, two-wheeler, car, and health sector. Known for its customer centric approach, the company has received some major awards such as Fintelekt Insurance Award and Golden Peacock Award.

  • Liberty General Insurance Limited

    Liberty General Insurance Limited commenced India operations in 2013 with the aim of providing comprehensive retail, commercial, and industrial insurance. It is a joint venture between Liberty Citystate holdings PTE Ltd, casualty group, Enam Securities, and DP Jindal Group. The company offers health, personal accident insurance, motor, commercial insurance, fire and engineering insurance, marine, and many other miscellaneous insurance products.

  • Magma HDI General Insurance Co. Ltd

    Magma HDI General Insurance is an entity of Rising Sun group viz Sanoti Properties LLP holding a major share along with HDI Global SE, Celica Developers Private Limited and Jaguar Advisory Services Private Limited. With over 65 insurance products across multiple categories, Magma HDI covers all the major areas in the General Insurance sphere. Having 130+ branches and nearly 5 million customers, the company has an impressive claim settlement ratio of 95.84%.

  • Manipal Cigna Health Insurance Company

    Manipal Cigna Health Insurance Company is a joint venture between the Manipal Group and U.S.-based Cigna Corporation. They have made significant inroads into the Indian Insurance sector with a wide array of comprehensive health Insurance plans that provide easy access to healthcare. Within a few years of its establishment, Manipal Cigna has risen among the top health insurance providers in India

  • New India Assurance Co. Ltd

    New India Assurance Co.Ltd is one of the oldest General Insurance providers in India and has been the market leader in this segment for over 50 years. They have more than 2214 branches spread all over the country and have more than 15000 employees and 1 Lakh + agents providing insurance service to the customers. New India Assurance was nationalized in the year 1973

  • Oriental Insurance Co. Ltd.

    The Oriental Insurance Company Ltd. is a public-sector undertaking company under the ownership of the Finance Ministry of the Government of India. Oriental Insurance Co Ltd was established in the year 1947. It was a subsidiary of the Life Insurance Corporation of India from 1956 to 1973 since being nationalized in 2003. It is headquartered in New Delhi and has more than 1800+ branches within the country.

  • Reliance General Insurance Co. Ltd

    Reliance General Insurance Company is one of the leading General Insurance Providers in India. They have more than 139 branches and 28000+ Intermediaries providing insurance services to customers. Currently, they offer an array of non-life insurance solutions such as motor, health, home, travel, marine, and more.

  • Royal Sundaram General Insurance Co. Ltd.

    Royal Sundaram General Insurance is the first private company to be licensed by IRDAI in Oct 2000. Currently, Sundaram Finance Group holds 50% share and Ageas Insurance International N.V. holds 40% share and the other 10% share is held by various Indian shareholders. The company offers Motor, Health, Personal Accident, Home and Travel Insurance to individual customers and offers marine, engineering, and liability insurance under the commercial segment.

  • SBI General Insurance

    Established in the year 2009, SBI General Insurance company is one of the fastest-growing insurance companies in India under the parentage of SBI. With over 139 branches in the country, they have served more than 10 crore customers. They have the distinction of being awarded the Insurer of the year in the General Insurance Category for two consecutive years in 2020 and 2021.

  • Shriram General Insurance Co. Limited

    Shriram General Insurance is a joint venture between Shriram Capital and Sanlam Emerging Markets (Mauritius) Limited and Tangent Asia Holdings II Pte. Ltd., Singapore (KKR Group). They have various non-life insurance products such as Motor, Home, Travel, Fire, Marine, Liability, and Burglary insurance for both individual and commercial segments.

  • Star Health and Allied Insurance Company Limited

    Star Health and Allied Insurance Company Limited commenced operations in 2006 as a standalone health insurance provider. They provide health, personal accident, and travel insurance to individuals and corporate. Currently, Star Insurance has more than 640+ branches and an employee headcount of more than 12800.

  • TATA AIG general Insurance

    Tata AIG Gen is a joint venture between Tata Group and American International Group (AIG). Beginning their operations in 2001, they have been going strong for 21 years delivering excellent solutions in the general insurance segment. As of 2022, Tata AIG Gen recorded its GWP of 10686 crores. Spread over 150 locations and have an employee count of 7941 employees in addition to 65,262 plus licensed agents; they have a robust multi-channel distribution network.