Top 10 Insurance Companies In India

Want to know who is the best insurance company in India? Well, the answer of this question can’t be answered in single sentence as there are various factors one need to understand before reaching any decision. First of all one should know that there are 2 types of insurance companies working in our system and they are life insurance and general insurance.

You have to be very clear with the difference between life insurance vs general insurance. Mostly people know about life insurance policies only as the search query for this article is for them who are looking to buy a life insurance policy. In this article I am going to share almost every single insurance company working in India and out of them the most popular 10 listed below.

List of Life Insurance Companies in India

As the name suggest, life insurance is linked with the person’s life. That means if something happen to your life, there is an insurance to protect the same with sum assured coverage. Here is the list of life insurance companies in India.

  • Aegon Religare Life Insurance Co. Ltd.
  • Aviva Life Insurance Co. India Ltd.
  • Bajaj Allianz Life Insurance Co. Ltd.
  • Bharti AXA Life Insurance Co. Ltd.
  • Birla Sun Life Insurance Co. Ltd.
  • Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd.
  • DHFL Pramerica Life Insurance Co. Ltd.
  • Edelweiss Tokio Life Insurance Co. Ltd
  • Exide Life Insurance Co. Ltd.
  • Future Generali India Life Insurance Co. Ltd.
  • HDFC Standard Life Insurance Co. Ltd.
  • ICICI Prudential Life Insurance Co. Ltd.
  • IDBI Federal Life Insurance Co. Ltd.
  • IndiaFirst Life Insurance Co. Ltd
  • Kotak Mahindra Old Mutual Life Insurance Ltd.
  • Life Insurance Corporation of India
  • Max Life Insurance Co. Ltd.
  • PNB MetLife India Insurance Co. Ltd.
  • Reliance Life Insurance Co. Ltd.
  • Sahara India Life Insurance Co. Ltd.
  • SBI Life Insurance Co. Ltd.
  • Shriram Life Insurance Co. Ltd.
  • Star Union Dai-Ichi Life Insurance Co. Ltd.
  • Tata AIA Life Insurance Co. Ltd.

List of Non-Life/General Insurance Companies in India

General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance is typically defined as any insurance that is not determined to be life insurance. For more details please visit the wiki page now.

Here is the list of General Insurance Companies in India

  • Agriculture Insurance Co. of India Ltd
  • Apollo Munich Health Insurance Co. Ltd.
  • Bajaj Allianz General Insurance Co. Ltd.
  • Bharti Axa General Insurance Co. Ltd.
  • Cholamandalam MS General Insurance Co. Ltd.
  • Cigna TTK Health Insurance Co. Ltd.
  • Export Credit Guarantee Corporation of India Ltd.
  • Future Generali India Insurance Co. Ltd.
  • HDFC ERGO General Insurance Co. Ltd.
  • ICICI Lombard General Insurance Co. Ltd.
  • IFFCO Tokio General Insurance Co. Ltd.
  • L&T General Insurance Co. Ltd.
  • Liberty Videocon General Insurance Co. Ltd.
  • Magma HDI General Insurance Co. Ltd.
  • Max Bupa Health Insurance Co. Ltd.
  • National Insurance Co. Ltd.
  • The New India Assurance Co. Ltd.
  • The Oriental Insurance Co. Ltd.
  • Raheja QBE General Insurance Co. Ltd.
  • Reliance General Insurance Co. Ltd.
  • Religare Health Insurance Co. Ltd.
  • Royal Sundaram Alliance Insurance Co. Ltd.
  • SBI General Insurance Co. Ltd.
  • Shriram General Insurance Co. Ltd.
  • Star Health and Allied Insurance Co. Ltd.
  • Tata AIG General Insurance Co. Ltd.
  • United India Insurance Co. Ltd.
  • Universal Sompo General Insurance Co. Ltd.

Top 10 Insurance Companies in India

So, out this massive list of insurance companies in India, you may find it difficult to choose the best insurance company in India. Let me make it simple for you by choosing the 10 out of them who can easily full fill your insurance need.

  • Life Insurance Corporation of India
  • Tata AIG General Insurance
  • Bajaj Allianz General Insurance
  • New India Assurance
  • ICICI Prudential Life Insurance
  • IFFCO TOKIO General Insurance
  • ICICI Lombard General Insurance
  • Oriental Insurance
  • Birla Sun Life Insurance
  • HDFC Standard Life Insurance

These are all popular insurance companies in India based on number of policies sold, claim settlement ratio, market reputation and volume of business. You can share your preferences here and also some useful experiences here by writing a simple comment below so that readers can be benefited. Thanks for sharing this article on Facebook & Twitter.

Note: This list is prepared by my personal choice. I am not biased or affiliated by any of the insurance company names mentioned here. Don’t consider this as any official reference, as your criteria of choosing an insurance company may differ. If you are also agreeing with my points then fine, other wise you are most welcome to share your top 10 insurance companies in India by writing a simple comment below.


I am a passionate blogger and personal finance enthusiast. Mostly share about investment tips, insurance guide, banking how to guides and various personal finance hacks through my blog. Checkout my first YouTube Channel on Personal Finance Guide.

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