Top 10 Best & Trusted General Insurance Companies In India

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The insurance sector of India is one of the largest insurance sectors in the whole world which possesses  yearly insurance policies of more than 35 Crore persons. Presently, the entire worth of this industry is around $ 60 Billion that is expected to cross $160 Billion in the coming subsequent ten years.

Do you know that the general insurance is a varied field?In reality, it actually covers the protection of numerous things such as Fire Insurance, Travel Insurance, House Insurance and Motor Insurance, etc.There are several general insurance companies functioning in the India which are government as well as private also. The below is the list of top ten general insurance companies in India in detail:

10. Agriculture Insurance Company of India Limited

Agriculture Insurance Company of India Limited

The Agriculture Insurance Company of India Limited (AIC) is a government company that is involved in offering financial funding to the agriculturalists and also provides the crop insurance in India. This insurance company is the largest insurer of the crop in the entire world because it mainly covers greater than 2 Crore agriculturalists in more than 500 regions of the nation. The varied products of this company are Modified National Agricultural Insurance Scheme, National Agricultural Insurance Scheme, as well as Weather Based Crop Insurance Scheme.

9. Reliance General Insurance Company Limited

Reliance General Insurance Company Limited

The next name in the lists is of Reliance General Insurance Company Limited which is one of the leaders in this field and has also occupied the ninth position in the list of top ten general insurance companies in India. This company is a part of the Reliance Anil Dhirubhai Ambani Group which was founded in the year 2001 and in so much less time it has accomplished to join the club of the top performers. This company is also the winner of the General Insurance Company award. It basically offers an extensive variety of products for persons as well as business houses such as Marine Insurance,Car Insurance, Liability Insurance,Fire Insurance and the Overseas Travel Insurance.

8. IFFCO TOKIO General Insurance Company Limited

IFFCO TOKIO General Insurance Company Limited

The IFFCO TOKIO General Insurance Company Limited is a general insurance company which was established in the year 2000 when Tokio Marine, the IFFCO, and the Nichido Fire Group merged together for a joint project. The products of this company are Home Insurance, Motor Insurance and Health Insurance that are given to the people through an extensive system of the company which consists of around 65 strategic commercial units.

7. HDFC ERGO General Insurance Company Limited

HDFC ERGO General Insurance Company Limited

This general insurance company was established in the year 2002 when the ERGO International AG and HDFC Limited joined together to create a joint venture.HDFC ERGO General Insurance Company Limited is an ISO certified company that has also fetched iAAA score by the Investment Information and Credit Rating Agency (ICRA)owing to its outstanding facilities to clients.

6. Bajaj Allianz General Insurance Company Limited

Bajaj Allianz General Insurance Company Limited

This general insurance company is one more private competitor in the list of top ten that was found in the year 2001. The different products of the Bajaj Allianz General Insurance Company Limited are Travel Insurance,Car Insurance, and Health Insurance.

5. ICICI Lombard General Insurance Company Limited

ICICI Lombard General Insurance Company Limited

This is a foremost performer in the general insurance segment. ICICI Lombard General Insurance Company Limited was established in the year 2001 with the joint venture of Fair fax Financial Holdings Limited and ICICI Bank Limited. This general insurance company is the largest private company in India which possesses a strong grip in the marketplace. The main products of this company are House Insurance,Motor Insurance, Travel Insurance and Car Insurance.

4. Oriental Insurance Company Limited

Oriental Insurance Company Limited

This general insurance company is the fastest growing company in India which was established in the year 1947. It has in excess of 1800 outlets in the nation which helps it in making a strong existence in the market.

3. United India Insurance Company Limited

United India Insurance Company Limited

This general insurance company is a government-owned company that was established in the year 1938. At present, it holds an important portion of the insurance segment in the nation. Along with an extensive network of more than 1300 workplaces in India, United India Insurance Company Limited retains a robust hold in the nation and offers an insurance cover to the policyholders of more than one Crore.

2. National Insurance Company Limited

National Insurance Company Limited

The National Insurance Company Limited is also a government association that has achieves a second place in our list of top 10 general insurance companies in India. This company is also a winner of the Business Leadership Award which was founded in the year 1906. The main products of this general insurance company are Commercial Risk Insurance, Motor Insurance Personal Insurance and Rural insurance. It also possesses more than 14,000 employees and in excess of 1900 branches in India.

1. The New India Assurance Company Limited

The New India Assurance Company Limited

The top name in the list is of The New India Assurance Company Limited which is the undeniable frontrunner of the general insurance segment in India. This company was established in the year 1919. At present, it has the maximum share in the insurance sector. The headquarters of this company are located in which has over 19,000 employees and around 50,000 agents in India. This company functions in more than twenty-five nations in the whole world through its diverse branches. The products offered by this general insurance company are Commercial Insurance, Personal Insurance, Liability Insurance,Industrial Insurance, and Social Insurance.

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