Discover the Top 10 General Insurance Companies in India offering a wide range of insurance products including health, motor, travel, home, and more. Explore leading names like ICICI Lombard, Bajaj Allianz, New India Assurance, and United India Insurance known for their reliability, customer service, and extensive coverage options.
India’s insurance sector is robust and diverse, offering a wide array of general insurance products catering to various needs such as health, motor, travel, home, and more. Among the numerous players in the industry, certain companies stand out for their extensive reach, innovative products, strong customer service, and financial stability.
Table of Contents
1.ICICI Lombard General Insurance
| Attribute | Details |
|---|---|
| Ownership | Private |
| Founded | 2001 |
| Headquarters | Mumbai, Maharashtra |
| Major Products | Motor, health, travel, home, personal accident, marine, and liability |
| Notable Achievements | Consistently high market share, innovative product offerings |
| Website | ICICI Lombard |
ICICI Lombard is one of the largest private sector general insurance companies in India. Established in 2001, it is a joint venture between ICICI Bank Limited and Fairfax Financial Holdings Limited.
Key Products:
- Motor Insurance: Comprehensive and third-party liability insurance.
- Health Insurance: Individual and family health policies, critical illness plans.
- Travel Insurance: International and domestic travel insurance.
- Home Insurance: Coverage for home structure and contents.
- Personal Accident Insurance: Accidental death and disability coverage.
- Marine Insurance: Inland transit and marine cargo insurance.
- Liability Insurance: Professional indemnity, public liability, and product liability insurance.
Achievements:
- High market share and consistent financial performance.
- Recognized for innovative insurance products and services.
- Strong digital presence and customer service initiatives.
2.Bajaj Allianz General Insurance
| Attribute | Details |
|---|---|
| Ownership | Private (Joint venture) |
| Founded | 2001 |
| Headquarters | Pune, Maharashtra |
| Major Products | Motor, health, travel, home, personal accident, marine, and liability |
| Notable Achievements | Strong financial performance, customer-centric approach |
| Website | Bajaj Allianz |
Bajaj Allianz, founded in 2001, is a joint venture between Bajaj Finserv Limited and Allianz SE. It is known for its robust financial stability and diverse insurance offerings.
Key Products:
- Motor Insurance: Comprehensive and third-party liability insurance.
- Health Insurance: Individual and family health plans, critical illness cover.
- Travel Insurance: Policies for international and domestic travel.
- Home Insurance: Protection for home structure and contents.
- Personal Accident Insurance: Accidental death and disability coverage.
- Marine Insurance: Transit and cargo insurance.
- Liability Insurance: Professional indemnity, public liability, and product liability insurance.
Achievements:
- Strong financial performance and customer-centric approach.
- Wide range of innovative products and services.
- Extensive network and strong distribution channels.
3.New India Assurance
| Attribute | Details |
|---|---|
| Ownership | Public (Government-owned) |
| Founded | 1919 |
| Headquarters | Mumbai, Maharashtra |
| Major Products | Motor, health, travel, home, personal accident, marine, and liability |
| Notable Achievements | Largest general insurance company in India, international presence |
| Website | New India Assurance |
New India Assurance is the largest general insurance company in India, owned by the government. It was founded in 1919 and operates both domestically and internationally.
Key Products:
- Motor Insurance: Comprehensive and third-party liability insurance.
- Health Insurance: Individual and family health policies, critical illness cover.
- Travel Insurance: International and domestic travel insurance.
- Home Insurance: Coverage for home structure and contents.
- Personal Accident Insurance: Accidental death and disability coverage.
- Marine Insurance: Inland transit and marine cargo insurance.
- Liability Insurance: Professional indemnity, public liability, and product liability insurance.
Achievements:
- Largest market share in India.
- Extensive international presence.
- Strong financial stability and diverse product portfolio.
4.United India Insurance
| Attribute | Details |
|---|---|
| Ownership | Public (Government-owned) |
| Founded | 1938 |
| Headquarters | Chennai, Tamil Nadu |
| Major Products | Motor, health, travel, home, personal accident, marine, and liability |
| Notable Achievements | Extensive network across India, diverse product portfolio |
| Website | United India Insurance |
United India Insurance, established in 1938, is a leading public sector general insurance company. It offers a wide range of insurance products and has a significant network across India.
Key Products:
- Motor Insurance: Comprehensive and third-party liability insurance.
- Health Insurance: Individual and family health policies, critical illness cover.
- Travel Insurance: International and domestic travel insurance.
- Home Insurance: Coverage for home structure and contents.
- Personal Accident Insurance: Accidental death and disability coverage.
- Marine Insurance: Inland transit and marine cargo insurance.
- Liability Insurance: Professional indemnity, public liability, and product liability insurance.
Achievements:
- Extensive network and distribution channels.
- Diverse product offerings.
- Strong reputation in the Indian insurance market.
5.Oriental Insurance
| Attribute | Details |
|---|---|
| Ownership | Public (Government-owned) |
| Founded | 1947 |
| Headquarters | New Delhi |
| Major Products | Motor, health, travel, home, personal accident, marine, and liability |
| Notable Achievements | Strong customer service, wide range of insurance products |
| Website | Oriental Insurance |
Oriental Insurance, founded in 1947, is a public sector general insurance company. It is known for its customer-centric approach and wide range of insurance products.
Key Products:
- Motor Insurance: Comprehensive and third-party liability insurance.
- Health Insurance: Individual and family health policies, critical illness cover.
- Travel Insurance: International and domestic travel insurance.
- Home Insurance: Coverage for home structure and contents.
- Personal Accident Insurance: Accidental death and disability coverage.
- Marine Insurance: Inland transit and marine cargo insurance.
- Liability Insurance: Professional indemnity, public liability, and product liability insurance.
Achievements:
- Strong customer service and support.
- Comprehensive range of insurance products.
- Significant market presence in India.
6.National Insurance Company
| Attribute | Details |
|---|---|
| Ownership | Public (Government-owned) |
| Founded | 1906 |
| Headquarters | Kolkata, West Bengal |
| Major Products | Motor, health, travel, home, personal accident, marine, and liability |
| Notable Achievements | Oldest insurance company in India, comprehensive product offerings |
| Website | National Insurance |
National Insurance Company, founded in 1906, is one of the oldest insurance companies in India. It is a government-owned entity offering a variety of general insurance products.
Key Products:
- Motor Insurance: Comprehensive and third-party liability insurance.
- Health Insurance: Individual and family health policies, critical illness cover.
- Travel Insurance: International and domestic travel insurance.
- Home Insurance: Coverage for home structure and contents.
- Personal Accident Insurance: Accidental death and disability coverage.
- Marine Insurance: Inland transit and marine cargo insurance.
- Liability Insurance: Professional indemnity, public liability, and product liability insurance.
Achievements:
- Oldest general insurance company in India.
- Comprehensive product offerings.
- Strong market presence and extensive network.
7.HDFC ERGO General Insurance
| Attribute | Details |
|---|---|
| Ownership | Private (Joint venture) |
| Founded | 2002 |
| Headquarters | Mumbai, Maharashtra |
| Major Products | Motor, health, travel, home, personal accident, marine, and liability |
| Notable Achievements | Strong digital presence, innovative solutions |
| Website | HDFC ERGO |
HDFC ERGO, established in 2002, is a joint venture between HDFC Ltd. and ERGO International AG. It is known for its strong digital presence and innovative insurance solutions.
Key Products:
- Motor Insurance: Comprehensive and third-party liability insurance.
- Health Insurance: Individual and family health policies, critical illness cover.
- Travel Insurance: International and domestic travel insurance.
- Home Insurance: Coverage for home structure and contents.
- Personal Accident Insurance: Accidental death and disability coverage.
- Marine Insurance: Inland transit and marine cargo insurance.
- Liability Insurance: Professional indemnity, public liability, and product liability insurance.
Achievements:
- Strong digital presence and innovative solutions.
- Wide range of insurance products.
- High customer satisfaction.
8.Tata AIG General Insurance
| Attribute | Details |
|---|---|
| Ownership | Private (Joint venture) |
| Founded | 2001 |
| Headquarters | Mumbai, Maharashtra |
| Major Products | Motor, health, travel, home, personal accident, marine, and liability |
| Notable Achievements | Focus on innovation, strong customer service |
| Website | Tata AIG |
Tata AIG, a joint venture between the Tata Group and American International Group (AIG), was established in 2001. It offers a comprehensive range of general insurance products.
Key Products:
- Motor Insurance: Comprehensive and third-party liability insurance.
- Health Insurance: Individual and family health policies, critical illness cover.
- Travel Insurance: International and domestic travel insurance.
- Home Insurance: Coverage for home structure and contents.
- Personal Accident Insurance: Accidental death and disability coverage.
- Marine Insurance: Inland transit and marine cargo insurance.
- Liability Insurance: Professional indemnity, public liability, and product liability insurance.
Achievements:
- Focus on innovation and customer service.
- Comprehensive range of insurance products.
- Strong financial backing and reputation.
9.Reliance General Insurance
| Attribute | Details |
|---|---|
| Ownership | Private |
| Founded | 2000 |
| Headquarters | Mumbai, Maharashtra |
| Major Products | Motor, health, travel, home, personal accident, marine, and liability |
| Notable Achievements | Strong digital presence, comprehensive product offerings |
| Website | Reliance General Insurance |
Reliance General Insurance, part of Reliance Capital, was founded in 2000. It is known for its strong digital presence and wide range of insurance products.
Key Products:
- Motor Insurance: Comprehensive and third-party liability insurance.
- Health Insurance: Individual and family health policies, critical illness cover.
- Travel Insurance: International and domestic travel insurance.
- Home Insurance: Coverage for home structure and contents.
- Personal Accident Insurance: Accidental death and disability coverage.
- Marine Insurance: Inland transit and marine cargo insurance.
- Liability Insurance: Professional indemnity, public liability, and product liability insurance.
Achievements:
- Strong digital presence and innovation.
- Comprehensive product offerings.
- Wide distribution network.
10.SBI General Insurance
| Attribute | Details |
|---|---|
| Ownership | Private (Joint venture) |
| Founded | 2010 |
| Headquarters | Mumbai, Maharashtra |
| Major Products | Motor, health, travel, home, personal accident, marine, and liability |
| Notable Achievements | Focus on retail and corporate segments, strong financial backing |
| Website | SBI General Insurance |
SBI General Insurance, established in 2010, is a joint venture between State Bank of India (SBI) and Insurance Australia Group (IAG). It focuses on retail and corporate segments.
Key Products:
- Motor Insurance: Comprehensive and third-party liability insurance.
- Health Insurance: Individual and family health policies, critical illness cover.
- Travel Insurance: International and domestic travel insurance.
- Home Insurance: Coverage for home structure and contents.
- Personal Accident Insurance: Accidental death and disability coverage.
- Marine Insurance: Inland transit and marine cargo insurance.
- Liability Insurance: Professional indemnity, public liability, and product liability insurance.
Achievements:
- Strong financial backing from SBI.
- Focus on retail and corporate segments.
- High customer satisfaction and innovative products.
FAQS about Top 10 General Insurance Companies in India
ICICI Lombard General Insurance
How can I buy an insurance policy from ICICI Lombard?
- You can purchase an insurance policy online through their website, via their mobile app, or by visiting one of their branches.
How do I file a claim?
- Claims can be filed online, through their mobile app, or by contacting their customer support. The necessary documents need to be submitted for processing.
What documents are required for motor insurance claims?
- Typically, you need the claim form, copy of the RC book, driving license, FIR (if applicable), and repair estimates.
Can I renew my policy online?
- Yes, policy renewal can be done easily through their website or mobile app.
Does ICICI Lombard offer cashless hospitalization?
- Yes, they have a network of hospitals where you can avail cashless hospitalization.
Bajaj Allianz General Insurance
How can I check the status of my claim?
- Claim status can be checked online through their website or by contacting customer service.
What is the process for policy renewal?
- Policies can be renewed online through their website, via their mobile app, or by visiting a branch.
How do I update my contact details?
- Contact details can be updated through their customer portal or by reaching out to customer service.
What is covered under travel insurance?
- Travel insurance typically covers trip cancellations, medical emergencies, loss of baggage, and personal liability.
Are there any add-on covers available for motor insurance?
- Yes, add-ons like zero depreciation, engine protection, and roadside assistance are available.
New India Assurance
How can I buy a policy from New India Assurance?
- Policies can be purchased online, through agents, or at their branches.
What is the process for making a health insurance claim?
- Submit the claim form along with medical bills, discharge summary, and other relevant documents to the nearest branch.
How can I renew my insurance policy?
- Policies can be renewed online, through agents, or at branches.
What are the documents required for a motor insurance claim?
- You need the claim form, RC book copy, driving license, FIR (if applicable), and repair bills.
Does New India Assurance offer coverage for pre-existing diseases?
- Coverage for pre-existing diseases is subject to policy terms and waiting periods.
United India Insurance
How can I purchase a policy from United India Insurance?
- Policies can be bought online, through agents, or at their branches.
What is the procedure for filing a claim?
- Claims can be filed by submitting the required documents to the nearest branch or through their online portal.
Can I renew my policy online?
- Yes, policy renewal is available online through their website.
What is covered under health insurance?
- Health insurance typically covers hospitalization, pre and post-hospitalization expenses, and certain day-care procedures.
How do I update my policy details?
- Policy details can be updated by contacting customer service or visiting a branch.
Oriental Insurance
How can I buy an insurance policy from Oriental Insurance?
- Policies can be purchased online, through agents, or at their branches.
What is the process for making a claim?
- Claims can be made by submitting the necessary documents to the nearest branch or through their online portal.
How can I renew my policy?
- Policies can be renewed online, through agents, or at branches.
What are the add-on covers available for motor insurance?
- Add-ons like zero depreciation, engine protector, and roadside assistance are available.
Does Oriental Insurance offer cashless hospitalization?
- Yes, cashless hospitalization is available at network hospitals.
National Insurance Company
How can I purchase a policy from National Insurance Company?
- Policies can be purchased online, through agents, or at their branches.
What is the process for filing a motor insurance claim?
- Submit the claim form, RC book copy, driving license, FIR (if applicable), and repair estimates to the nearest branch.
Can I renew my policy online?
- Yes, policy renewal is available online through their website.
What is covered under health insurance?
- Health insurance typically covers hospitalization, pre and post-hospitalization expenses, and certain day-care procedures.
How do I update my contact details?
- Contact details can be updated through their customer portal or by reaching out to customer service.
HDFC ERGO General Insurance
How can I buy an insurance policy from HDFC ERGO?
- Policies can be purchased online, through their mobile app, or by visiting a branch.
What is the process for filing a health insurance claim?
- Claims can be filed online, through their mobile app, or by contacting customer service with the necessary documents.
Can I renew my policy online?
- Yes, policy renewal can be done easily through their website or mobile app.
Does HDFC ERGO offer cashless hospitalization?
- Yes, they have a network of hospitals where you can avail cashless hospitalization.
What add-on covers are available for motor insurance?
- Add-ons like zero depreciation, engine protection, and roadside assistance are available.
Tata AIG General Insurance
How can I purchase a policy from Tata AIG?
- Policies can be bought online, through agents, or at their branches.
What is the process for making a claim?
- Claims can be filed online, through their customer portal, or by submitting documents at a branch.
Can I renew my policy online?
- Yes, policy renewal is available online through their website.
What are the documents required for a motor insurance claim?
- You need the claim form, RC book copy, driving license, FIR (if applicable), and repair bills.
Does Tata AIG offer coverage for pre-existing diseases?
- Coverage for pre-existing diseases is subject to policy terms and waiting periods.
Reliance General Insurance
How can I purchase a policy from Reliance General Insurance?
- Policies can be bought online, through agents, or at their branches.
What is the process for filing a claim?
- Claims can be filed online, through their mobile app, or by contacting customer service with the necessary documents.
Can I renew my policy online?
- Yes, policy renewal is available online through their website.
What are the add-on covers available for motor insurance?
- Add-ons like zero depreciation, engine protector, and roadside assistance are available.
Does Reliance General Insurance offer cashless hospitalization?
- Yes, they have a network of hospitals where you can avail cashless hospitalization.
SBI General Insurance
How can I buy an insurance policy from SBI General Insurance?
- Policies can be purchased online, through agents, or at their branches.
What is the process for making a claim?
- Claims can be filed by submitting the necessary documents to the nearest branch or through their online portal.
Can I renew my policy online?
- Yes, policy renewal is available online through their website.
What is covered under health insurance?
- Health insurance typically covers hospitalization, pre and post-hospitalization expenses, and certain day-care procedures.
Does SBI General Insurance offer cashless hospitalization?
- Yes, cashless hospitalization is available at network hospitals.
