Here is a list of general insurance companies in India; these are the best companies offering Insurance products for Corporate, agriculture, power, steel, aviation, auto, home, travel, chemical, energy sector.Ranking process of these general assurance policy providers in India is frequently being updated by our expert team.
10 General Insurance Companies in India
1) New India Assurance Company Limited
New India Assurance Company Limited is an Indian Government owned general Insurance company. The company has a network of 1600 offices and over 19000 employees and has presence in more than 22 countries worldwide. It offers a wide range of general insurance products including cover for oil & energy industries, Petrochemical, power & steel plants, satellites, aviation fleets, SMEs and almost all the commercial sector.
2) National Insurance Company Limited
National Insurance Company Limited, established in 1906 and it is the oldest among the general insurance companies in India. The Insurance giant is based at Kolkata and has a workforce of over 15000 working across 1340 offices located all across the country. Being the only PSU non life insurance, company has won the Best Auto Insurer award.
3) The Oriental Insurance Company Limited
Held by the Central Government of India, the Oriental Insurance Company Limited was incorporated in the year 1947. Headquartered in New Delhi, Oriental Insurance is an expert in providing cover for steel, chemical plants, petrochemical and power plants projects and also meets the insurance cover needs of the rural and urban population.
4) United India Insurance Company Limited
Established in 1938, United India Insurance Company Limited providing insurance covers to a large number of customers from various sectors like GMR- Hyderabad International Airport, ONGC, Tirumala-Tirupati Devasthanam etc. and also extended to rural areas by implementing India & Vijaya Raji Janani Kalyan Yojana, Health Insurance Programme of Government of India and many other such policies.
5) Bajaj Allianz General Insurance Company Limited
Bajaj Allianz General Insurance Company Limited, a joint venture between Allianz SE and Bajaj Finserv Limited is headquartered in Pune. Bajaj Allianz General Insurance Company offers complex covers through policies like Health insurance which includes Personal Guard, Star Package, Hospital Cash, Health Guard and Travel insurance which includes Pravasi Bharti Bima Yojana and Student Companion etc.
6) ICICI Lombard General Insurance Company Limited
Rated highest in customer satisfaction by J.D. Power Asia Pacific in India, ICICI Lombard General Insurance Company Limited has by far settled over 5.07 million claims and issued 9.18 million policies. ICICI Lombard General Insurance Company is a joint venture between Fairfax Financial Holdings and ICICI Bank Ltd.
7) Tata AIG General Insurance Company Limited
Formed by the American International Group, Inc. and Tata Group, Tata AIG General Insurance Company Limited started India operations in 2001. Tata AIG General Insurance Company has insurance solutions for corporate as well as individuals which includes Health Insurance, Lifestyle Insurance, Home Insurance, Motor Insurance, Travel Insurance and more.
8) Agriculture Insurance Company of India Limited
Agriculture Insurance Company of India Limited was incorporated in the year 2002 under the guidance of Government of India to help farmers for betterment. Agriculture Insurance Company has extended their crop insurance services in more than 500 Indian districts covering more than 20 million farmers in case of natural calamities like storms, drought etc, diseases and pests.
9) Reliance General Insurance Company Limited
Reliance General Insurance is a general insurance company of India offering insurance cover to SME, corporate and individual clients. Rated among the top 10 general assurance providers in India and its product offering includes student travel, motor, health, travel insurance etc. and other customized products. Reliance General Insurance Company has a network of 139 offices spread across 24 states.
10) IFFCO-Tokio General Insurance Company Limited
IFFCO-Tokio General Insurance Company Limited, established in 2000 is a joint venture between Tokio Marine and Nichido Fire Group and Indian Farmers Fertilizer Co-operative. IFFCO-Tokio General Insurance Company offers wide range of non-life insurance products like Personal Accident, Motor, Household, Travel etc.