Top 10 General insurance companies in India 2024 – Ranking

Top 10 General insurance companies in IndiaTop 10 General insurance companies in India

Top 10 General insurance companies in India

Explore the Top 10 General insurance companies in India in 2024. Get insights into their offerings, customer satisfaction, and financial strength. Make informed decisions for a secure future with the ultimate ranking guide.

Top 10 General insurance companies in India

 

  1. Probus Insurance

Probus Insurance is one of the prominent Insurance Broker , customarily from the retail clients paired along with its Pan India presence and also balanced with the finest blend of Life and Non-Life Insurance business. Probus Insurance is one of the renowned Insurance Broker in India, owing to its manifold progression and distinct lines of business it has ventured over the past years. In addition, Probus Dynamo is a team of accomplished risk engineers and proficient underwriters. We are a troop of diversified industry expertise that enables us to construct a unique benefit in understanding diverse businesses and their risk profiles.

Services: Home Insurance

New Business Insurance

Term Life Insurance

Car Insurance

Two Wheeler Insurance

Individual Health Insurance

Family Floater

Health Insurance

Travel Insurance

Address: 7A, 7TH FLOOR, GOPALA TOWER RAJENDRA PLACE, NEW DELHI PIN CODE -110008, INDIA

Contact no.: +91 – 9790917082

website: https://www.probusinsurance.com/

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  1. NEW INDIA ASSURANCE CO. LTD

NEW INDIA ASSURANCE CO. LTD, founded by Sir Dorabji Tata in 1919, a Multinational General Insurance Company, today operates in 28 countries and headquartered at Mumbai, India. Our global business crossed Rs. 29715 crores in March 2020. We have been market leaders in India in Non-Life business for more than 50 years. Our Indian business crossed Rs.26813 crores in March 2020. We are rated B++ Stable FSR Rating and bbb+ Stable ICR Outlook by AM BEST Company. We have been rated AAA/Stable by CRISIL since 2014 , indicating that the Company has the highest degree of Financial Strength to honour its Policyholder’s obligations.

Services: Two Wheeler (Bike)

Private Car

Commercial Vehicle

New India Cancer Gaurd Policy 

New India Premier Mediclaim Policy (Big cover and small price)

New India Mediclaim Policy (Traditional support)

Overseas Mediclaim Policy (Higher Studies)

Overseas Mediclaim Policy (Business and Safe Holidays)

Overseas Mediclaim Policy (Frequent travellers)

Griha Suvidha Policy (Tenants and Owners)

Householder’s Policy

Fire Policy for Home (Safe Home)

Address:  #87, M.G.Road, Fort, Mumbai 400 001

Contact no.: 1800 209 1415

website: http://www.newindia.co.in/

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  1. Icici Lombard General Insurance Co Ltd

At ICICI Lombard, customer satisfaction is our motto. Stretching ourselves and going beyond the ordinary for the satisfaction and smiles of our customers is something that is deeply embedded in our DNA. Be it an untoward incident due to the unpredictability of nature or losses suffered due to accidents or medical challenges, we remain committed to be at your side and serve you always.

Services: Motor Insurance

Car Insurance

Two Wheeler Insurance

Health Insurance

ICICI Lombard Complete Health Insurance

Health Booster

Personal Accident Insurance

Arogya Sanjeevani Policy, ICICI Lombard

International Travel Insurance

Marine Insurance

Address: 414, Veer Savarkar Marg, Near Siddhi Vinayak Temple, Prabhadevi, Mumbai – 400025

Contact no.: 1800 266 9725

website: https://www.icicilombard.com/

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  1. Royal Sundaram General Insurance Co. Limited

Royal Sundaram General Insurance Co. Limited (formerly known as Royal Sundaram Alliance Insurance Company Limited), is the first private sector general insurance company in India to be licensed in October 2000 by the Insurance Regulatory and Development Authority of India. The company was initially promoted as a joint venture by Sundaram Finance, one of the most respected non-banking financial institutions (NBFCs) in India and other Indian Shareholders.

Services: Car Insurance

Two Wheeler Insurance

Health Insurance

Travel Insurance

Home Insurance

Personal Accident Insurance

Address: No.21 , Patullos Road , Chennai – 600 002

Contact no.: 1860 258 0000

website: https://www.royalsundaram.in/

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  1. Efficient Insurance Brokers Pvt Ltd

Founded by Rakesh Rathi, Insure Efficient is run by a team of insurance experts with decades of experience working with leading insurance companies across India such as Bajaj Allianz General Insurance Ltd., Reliance General Insurance Ltd. and Birla Sun Life Insurance, among others. Our experts bring with them a rich experience working in financial and strategic planning, taxation and accounting, business management, leadership and customer relationship management. Insure Efficient is on a mission to create innovative solutions that will mitigate financial risks that our clients face while dealing with life’s biggest challenges.

Services: Two Wheeler Insurance

Car Insurance

Commercial Vehicles

Health Insurance

Travel Insurance

Life Insurance

Business Insurance

Home Insurance

Personal Accident Insurance

Term Life Insurance

Critical illness

Life Investment Plan

Address: 905, Vikram Tower, Rajendra Place, New Delhi – 110088

Contact no.: +91 77380 78965

website: https://www.insureefficient.com/

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  1. Future Generali Insurance

Future Generali India Insurance Company Limited is a joint venture between Future Group – the game changers in Retail Trade in India and Generali – a 187 years old global insurance group featuring among the world’s 60 largest companies*. The company was incorporated in September 2007 with the objective of providing retail, commercial, personal and rural insurance solutions to individuals and corporates to help them manage and mitigate risks.

Services: Health Insurance

Personal Accident

Hospital Cash

Travel Insurance

Student Travel

Motor Insurance

Home Insurance

Lifestyle Insurance

Commercial Insurance

Social/Rural Insurance

Address: Unit 801 and 802, 8th floor, Tower C, Embassy 247 Park, L.B.S. Marg, Vikhroli (W), Mumbai – 400 083.

Contact no.: 1800 220 233, 1860 500 3333

website: https://general.futuregenerali.in/

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  1. Shriram General Insurance

Shriram General Insurance Co. is a joint venture between Shriram Capital Ltd. and Sanlam Limited (South Africa). We are licensed with IRDAI (Insurance Regulatory and Development Authority of India) and preferred insurance partner of IRCTC. Shriram General Insurance offers a wide range of general insurance solutions including Motor, Travel, Home and more that are designed to fit every need, every minute and every situation. So, next time you are looking for an affordable and inclusive risk cover, Insure with us and Rest Assured in life.

Services: CAR INSURANCE

TWO WHEELER INSURANCE

HOME INSURANCE

TRAVEL INSURANCE

PERSONAL ACCIDENT INSURANCE

COMMERCIAL VEHICLE INSURANCE

OTHERS INSURANCE

Address: Shrivrindavan Tower, Block No.E-12/8, 3rd Floor, Wazirpura Rd, Sanjay Palace, Sanjay Place, Civil Lines, Agra, Uttar Pradesh 282002

Contact No.: +917412079640

Website: https://www.shriramgi.com/

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  1. SBI General Insurance

SBI General Insurance Company Limited commenced its operations as a joint venture between State Bank of India (SBI) and Insurance Australia Group (IAG). Pursuant to stake sale by IAG on 27th March 2020, SBI now owns 70%, while Napean Opportunities LLP (Premji Invest affiliate) owns 16.01%, Honey Wheat Investment Ltd., an entity forming part of Warburg Pincus Group owns 9.99%, PI Opportunities Fund-1 owns 2.35% and Axis New Opportunities AIF-I owns 1.65% stake in SBI General Insurance.

Services: COVID-19 Insurance

Health

Home

Travel

Motor

Personal Accident

Address: Shop No. 7, Kaveri Centre, Second Floor, 8,9, Bagirati Rd, opposite S.B.I. Zonal Office, Sanjay Place, Civil Lines, Agra, Uttar Pradesh 282002

Contact No.: +915624206300

Website: https://www.sbigeneral.in/

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  1. United India Insurance Company Limited

United India Insurance Company Limited was incorporated as a Company on 18th February 1938. General Insurance Business in India was nationalized in 1972. 12 Indian Insurance Companies, 4 Cooperative Insurance Societies and Indian operations of 5 Foreign Insurers, besides General Insurance operations of southern region of Life Insurance Corporation of India were merged with United India Insurance Company Limited. After Nationalization United India has grown by leaps and bounds and has over 12500 work force spread across 2271 offices providing insurance cover to 1.74 Crore policy holders. The Company has variety of insurance products to provide insurance cover from bullock carts to satellites.

Services: Motor Insurance

Health Insurance

Overseas Travel Insurance

Householder’s Insurance

Personal Accident Insurance

Shopkeeper’s Insurance

Home Insurance (Simplified Fire)

Address: FCI Building, 2nd Floor, 60/4, Sanjay Palace, Sanjay Place, Civil Lines, Agra, Uttar Pradesh 282002

Contact No.: 1800 425 333 33

Website: https://uiic.co.in/

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  1. IFFCO TOKIO General Insurance Co.Ltd.

IFFCO-Tokio General Insurance Company Limited was incorporated in 2000, as a joint venture between the Indian Farmers Fertiliser Co-operative Limited (IFFCO), which is the world’s largest fertilizer manufacturer, and Tokio Marine Group, which is one of the largest insurance groups in Japan. IFFCO holds 51 percent in the company and the remaining 49 percent is held by Tokio Marine Group.

Services: Motor Insurance 

Health Insurance 

Travel Insurance 

Home Insurance 

Other Insurance 

General Insurance

Address: SCO – 28, 2nd Floor, Sector – 14, Old Delhi Gurugram Road, Gurugram, Haryana 122001

Contact No.: +911244108790

Website: https://www.iffcotokio.co.in/

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