Popular insurance companies in India

Kariuki Maina
By Kariuki Maina 11 Min Read

1. Aditya Birla General Insurance Company

Aditya Birla Insurance Brokers Limited (ABIBL), one of India’s top composite insurance brokers, was founded in 2001 and was granted a license by the Insurance Regulatory and Development Authority of India (IRDAI) in 2003. The parent firm of ABIBL is Aditya Birla Capital Ltd. (ABCL), a joint venture between the Aditya Birla Group and MMI Holdings of South Africa. The General Insurance Company focuses in providing incorporated Insurance brokerage and advice services to businesses and people through Retail Solutions and Corporate Solutions.

In addition, ABIBL offers insurance firms alternative reinsurance options and maintains strong connections with local and foreign insurers operating in South Asia, the Middle East, and SouthEast Asia. The firm provides a wide range of insurance products, such as those for health, vehicle, and travel insurance.

2. Bajaj Allianz General Insurance Company

The Bajaj Allianz General Insurance Company Limited is jointly owned by Bajaj Finserv Limited and Allianz SE, who each own 74% and 26%, respectively. The business, which has its headquarters in Pune, has helped millions of individuals, groups, and corporations manage risks by offering tailored solutions throughout India’s numerous insurance sectors. These include insurance for internet safety, car insurance, house insurance, and health insurance. Some people in India consider the firm to be the greatest general insurance company since it is committed to providing you with services that are clearly and “caringly yours,” as well as ones that provide you with the highest degree of assurance and continuity.

You may save your health and your hard-earned money from being squandered on needless medical bills with the aid of Bajaj Allianz General Insurance. With a variety of features and settings that you may customize to your requirements, it offers a wide range of affordable health insurance plans for you and your family. Bajaj Allianz health insurance policies include coverage for severe diseases, maternity, and accident-related medical expenses in addition to exams and consultations. Overall, the health insurance plans from Bajaj Allianz General Insurance provide enough coverage, guaranteeing that they are enough for you and your loved ones.

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3. 3. Bharti AXA General Insurance Company

Bharti AXA General Insurance Company Limited, which is now ICICI Lombard, started its operations in 2008 with the goal of offering General Insurance products to retail and commercial customers. With 135 locations across India, the insurer is well-represented there and offers insurance support for health and critical illness, vehicle and two-wheelers, personal and family travel, property and business, and crop insurance. Bharti AXA General Insurance (formerly ICICI Lombard) has received recognition for its innovative insurance solutions and unsurpassed, caring services over the years. To give families and individuals medical coverage, it offers a variety of health insurance plans.


Numerous honors, including the Best Use of Technology Award by Assocham 2020, the Customer Service Excellence Award at the BFSI Awards 2019, the Claims Service of The Year Award at the BFSI Awards 2018, and many more, have been given in recognition of the company’s unwavering efforts.

4. Care Health General Insurance Company

Individuals, families, and corporations can get insurance coverage through Care Health Insurance (formerly Religare Health Insurance), a stand-alone health insurance company. The company is a partnership of Reliance Enterprises Limited, Corporation Bank, and Union Bank of India. The company has worked hard to implement cutting-edge technology to offer cutting-edge products, reasonably priced services, and first-rate customer service.

Critical Illness Cover, Personal Accident Cover, Top-up Cover, Maternity Cover, as well as Group Health Cover and Group Personal Accident Cover for Businesses are just a few of the many products that Care Health Insurance normally offers in the retail industry.

5. Cholamandalam MS General Insurance Company

Cholamandalam MS General Insurance Firm Limited, often known as Chola MS, is an Indian general insurance company that was founded by a joint venture between the Mitsui Sumitomo Insurance Group and the Murugappa Group, an Indian conglomerate. The company’s basis is built on the three pillars of trust, transparency, and technology, or “T3.”

The General Insurance Company offers a wide range of insurance services and products, including property insurance, property and casualty insurance, engineering insurance, marine insurance, and rural insurance for both enterprises and private persons.

6. Digit General Insurance Company

Fairfax Financial Holdings Limited, a well-known diversified financial services corporation with headquarters in Canada and activities in more than 30 countries, provides support to Go Digit General Insurance, a well-known non-life general insurer in India. The 2016-founded company Digit General Insurance has received the Top Indian Start-ups award for both 2018 and 2019. The insurance provider was also recognized as 2019 Asia’s General Insurance Company of the Year. Through its internet platform, the insurer offers a range of general insurance products, such as health insurance, home insurance, business insurance, shop insurance, and insurance for vehicles, bikes, enterprises, and shops.

Digit General Insurance Company strives to make purchasing health insurance as easy as possible for you. It achieves this by providing simple products in one of the most promising subsectors of the market, namely health insurance. By providing reasonably priced health Insurance plans, Digit Health Insurance plans protect you and your family from having to use up all of your funds on medical costs in the case of an emergency. In conclusion, the company is dedicated to provide simple, individualized health insurance solutions to customers of all age groups.

7. Edelweiss General Insurance Company

In order to compete in the non-life insurance market, the Edelweiss General Insurance Company was established in 2016. It is a division of Edelweiss Financial Services Limited, which joined the insurance industry with the intention of offering clients a variety of insurance products, including those for cars, motorcycles, health care, residences, and enterprises, as well as those for fire and engineering risks. These types of insurance coverage are designed to satisfy consumer requirements and offer simple, fast remedies.

8. Future Generali General Insurance Company

The Fortune Worldwide 500 Ranking, published in 2017, places Generali, a global insurance corporation that was established in 1871, among the top 60 global businesses. A partnership between Generali and Future Group—a pioneering and well-known company in Indian retail—created Future Generali India Insurance Company Limited. By firmly establishing its credentials and efficiently employing the skill sets of its JV partners, this General Insurance company has gained the competence to change into a Total Insurance Solutions Company.

The firm was established in 2007 with the purpose of offering retail, personal, commercial, and rural Insurance products and solutions to assist people and organizations manage risks. Future Generali India has been offering its esteemed clients top-notch service by incorporating its international Insurance knowledge into a superior assortment of Generali Group and Future Group products. The General Insurance Company is known for being trustworthy, respecting its employees, and maintaining relationships.

9. IFFCO Tokio General Insurance Company

In 2000, IFFCO Tokio General Insurance Company Limited was established as a joint venture between Tokio Marine Group, one of the major insurance organizations in Japan, and Indian Farmers Fertilizer Cooperative Limited (IFFCO), the largest fertilizer manufacturer in the world. IFFCO holds 51% of the General Insurance Company, with Tokio Marine Group holding the remaining 49%.

IFFCO Tokio General Insurance is dedicated to being an insurance company and a recognizable brand that consistently achieves its performance and delivery goals. The company’s mission is to lead the insurance market by ensuring customer satisfaction through fair activities, open communication, and quick action. The firm aims to win over the trust of Indian individuals, corporate entities, cooperatives, and overseas investors.

10. Kotak Mahindra General Insurance Company

Kotak Mahindra General Insurance is fully owned by Kotak Mahindra Bank Ltd., the biggest bank in India. The Insurance Regulatory and Development Authority of India (IRDAI) authorized the General Insurance firm to begin conducting insurance business in 2015. The company was created in 2014. It was established to serve the rapidly growing non-life insurance market in India. The business has a national reach now that it has 13 locations spread all over India since its foundation. It is also considered as one of India’s best insurance claim settlement firms.


Kotak Mahindra General Insurance intends to focus on specialist insurance products, cutting-edge technology, and digital infrastructure in order to stand out in the general insurance industry. The General Insurance Company is dedicated to supporting ever-diversifying consumer categories and geographic locations by providing a variety of non-life insurance products such auto, health, home, and business insurance. The company’s top-notch customer service, premium goods, and innovative solutions are significantly responsible for its success.

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Kariuki Maina
By Kariuki Maina Kariuki Maina
In a world full of worriers, be the warrior.
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