General Insurance Companies

Types of General Insurance Policies

Following are the most common types of general insurance policies offered by insurance companies in India:

1. Car Insurance

   Car insurance or four-wheeler insurance provides financial and legal coverage when the insured car encounters an unforeseen incident. Damages arising out of road accidents, fire, theft, calamities, third party liabilities, etc. are covered under a car insurance policy.

2. Bike Insurance

   Bike insurance, also known as a two-wheeler insurance plan, offers financial protection for all kinds of two-wheelers, such as bikes, scooters, mopeds, etc., against any loss or damages due to several unforeseen circumstances.

3. Health Insurance

   Health insurance provides financial coverage against incurred medical expenses. A health insurance policy can be purchased by an individual, a group or a family.

4. Travel Insurance

   Travel insurance is designed to provide financial support to travellers in case of any mishap, such as the loss of luggage, passport or other belongings, while travelling.

5. Home Insurance

   Home insurance is a type of general insurance policy that covers a home and its contents against damages and losses that might arise due to any unforeseen event.

List of General Insurance Companies

Listed below are the various general insurance companies catering to the needs of people from all walks of life:

1. Aditya Birla Health Insurance

   Aditya Birla Health Insurance provides optimum coverage against planned and medical expenses with its health insurance products, which are available at pocket-friendly rates. It ensures customer satisfaction by designing plans in a way that fulfils the requirements of the customers. This general insurance company ensures hassle-free claims and offers smart insurance solutions. 

2. Bajaj Allianz General Insurance Co. Ltd.

   Bajaj Finserv Limited and Allianz SE joined hands in the year 2001 and formed Bajaj Allianz General Insurance Company. The services offered by the company are IRDAI certified and cater to the various insurance needs of different people. This makes it one of the most reliable insurance companies in India. Some of the products offered by the insurer include health insurance, travel insurance, motor insurance, and home insurance.

3. Care Health Insurance

   Care Health Insurance was incorporated to provide specialized health insurance products to individuals, senior citizens and families. It also offers customized health plans to cover specific diseases, such as diabetes, heart ailments, critical illness, etc. Moreover, the insurer offers travel insurance, corporate insurance, personal accident insurance and micro insurance product. 

4. Cholamandalam MS General Insurance Co. Ltd.

   Cholamandalam MS General Insurance Company Ltd. is a combined venture between India’s Murugappa Group and Japan’s Mitsui Sumitomo. The company has a broad product portfolio that includes motor insurance, health insurance, personal accident insurance, travel insurance, rural insurance, and much more. Moreover, these policies are accessible to both corporates, individuals and families.

5. Future Generali India Insurance Co Ltd.

   Future Generali India Insurance is a joint venture between Generali Group and Future Group. The company provides comprehensive insurance solutions through a range of personal, retail, commercial, and rural insurance products. It was formed in 2006 to help its clients to mitigate their financial needs. Some of the most common insurance products offered by the insurer include motor insurance, health insurance, travel insurance, home insurance, lifestyle insurance, commercial insurance, and rural insurance.

6. Go Digit General Insurance Limited

   Go Digit General Insurance is the nation’s first digital insurer. It offers a range of general insurance products, including car insurance, two-wheeler insurance, travel insurance, health insurance, home insurance and mobile insurance. The insurer has tie-ups with market leaders, such as Policybazaar.com, PayTM, Tanishq, and Cleartrip, to ensure a wider audience reach.

7. HDFC ERGO General Insurance Company Ltd.

   HDFC ERGO General Insurance was formed by India’s HDFC Bank and ERGO International from Germany’s Munich Re Group. The company is known for offering seamless customer service and claim support through its 24x7 support team. The insurer offers a variety of plans, including car insurance, bike insurance, health insurance, travel insurance, home insurance, cyber insurance, commercial vehicle insurance, corporate insurance, and rural insurance. 

8. ICICI Lombard General Insurance Co. Ltd.

   ICICI Lombard General Insurance offers insurance protection solutions for personal, business and project liabilities across urban and rural India. The company was started jointly by the ICICI Bank of India and Fairfax Financial Holdings of Canada. The insurer’s wide range of products include travel insurance, home insurance, two wheeler insurance, business insurance, car insurance, health insurance, and rural insurance.

9. IFFCO-Tokio General Insurance Co. Ltd.

   With its foundation stone laid in the year 2000, IFFCO Tokio General Insurance is collaboration between Tokio Marine Group from Japan and Farmer Fertilizers Co-operative Ltd. from India. Since its inception, the insurer has been serving customers with various general insurance products, including health insurance, motor insurance, home insurance, travel insurance, and SME insurance. The company is now counted among the prominent insurance companies in India.

10. Liberty India General Insurance

    Liberty General Insurance started its operations in the year 2013. It is a combined venture between Enam Securities, DP Jindal Group, and Liberty Citystate Holdings PTE Ltd. The insurer strives to provide personal, industrial, commercial, and retail insurance solutions. Some of the general insurance products offered by the company includes car insurance, two wheeler insurance, health insurance, fire insurance, and commercial insurance.

11. Magma HDI General Insurance Co. Ltd.

    Magma HDI General Insurance was started together by India’s Sanoti Properties LLP and Germany’s HDI Global SE. The company offers a wide array of insurance covers along with high-quality and quick delivery of services. Health insurance, fire insurance, motor insurance, marine insurance, liability insurance, personal accident insurance and engineering insurance are some of the most common policies offered by the insurer.

12. ManipalCigna Health Insurance

    ManipalCigna Health Insurance Company Limited (Formerly known as (Max Bupa Health Insurance Company) is a collaboration between Manipal Group, a leader in healthcare delivery in India, and Cigna Corporation, a global health services company from the US. To spread wellness and good healthcare, the company offers a handful of insurance products ranging from health insurance, travel insurance, and personal accident insurance for individuals and corporations. The insurer offers quality healthcare and safeguards long-term financial goals for its customers.

13. National Insurance Co. Ltd.

    National Insurance Company started its operations in the year 1906. Headquartered in Kolkata, the insurer offers insurance solutions in various categories, including motor, health, home, travel, and business. Car insurance offered by the insurer is quite famous in the market. The company was awarded the Best Auto Insurer in 2017 for car insurance.

14. The New India Assurance Co. Ltd.

    New India Assurance is a multinational general insurance company of India, headquartered in Mumbai. With over 230 products, the insurer believes in providing comprehensive insurance solutions to its customers. The services range from insurance in motor, health, travel, rural, and marine. Besides, the company remains a preferred choice when it comes to reliability in the insurance industry in India.

15. Niva Bupa Health Insurance Co. Ltd.

    Niva Bupa Health Insurance Company is a combined venture between Fettle Tone LLP based in India and Bupa Group based in the UK. In the year 2015, the company was awarded the prestigious Golden Peacock Award for its flagship product. It has already made a name in the insurance industry with exemplary services and products. The insurer offers a plethora of choices in insurance plans, ranging from health insurance, personal accident insurance, corporate insurance and travel insurance.

16. The Oriental Insurance Co. Ltd.

    Headquartered in New Delhi, Oriental Insurance has been serving in the insurance sector since 1947 and has made a mark as a prominent general insurance company in India. It is not only flourishing in India but has also expanded its services to Nepal, Kuwait, and Dubai. The company offers complete insurance solutions to its customers, including motor insurance, mediclaim insurance, personal accident insurance, travel insurance, fire insurance, shopkeeper’s policy, householder’s policy, etc.

17. Raheja QBE General Insurance Co. Ltd.

    Raheja QBE General Insurance is an amalgamation of QBE Insurance from Australia and Rajan Raheja Group from India. With its head office in Mumbai, the insurer received its Certificate of Registration from IRDAI in 2008. Since then, it has been serving the industry with an A+ rating for excellence. The various insurance products offered by the insurer include corporate insurance, health insurance, motor insurance and commercial insurance, among others.

18. Reliance General Insurance Co. Ltd.

    Reliance General Insurance is one of the renowned names in the list of general insurance companies in India. The insurance products offered by the insurer can be categorized into health, travel, motor, home marine, etc. The insurer does not limit itself to providing insurance and paying claims but also encourages people to follow a healthy standard of living. The company believes in making affordable insurance accessible to all.

19. Royal Sundaram General Insurance Co. Ltd.

    Royal Sundaram General Insurance was licensed in October 2000 under IRDAI to offer a variety of general insurance products. The insurer was started as a joint venture of Sundaram Finance, Ageas Insurance, and other Indian shareholders. The most sought-after products by Royal Sundaram General Insurance include car insurance, health insurance, home insurance, travel insurance, bike insurance, personal accident insurance, commercial vehicle insurance, and business insurance.

20. SBI General Insurance Co. Ltd.

    Founded in the year 2009, SBI General Insurance is a joint venture between the State Bank of India (SBI), Napean Opportunities LLP, Honey Wheat Investment Ltd, Axis New Opportunities LLP and PI Opportunities Fund. The insurer offers a wide range of insurance products in commercial and retail space at affordable premiums. The comprehensive range of products includes health insurance, motor insurance, personal accident insurance, travel insurance, home insurance, etc.

21. Shriram General Insurance Co. Ltd.

    Shriram General Insurance Company was formed as a joint venture between Shriram Capital Ltd. from India and Sanlam Limited from South Africa. The insurer started its operations in 2006. The company believes in providing comprehensive insurance solutions through its innovative products in the categories of car insurance, two-wheeler insurance, travel insurance, home insurance, personal accident insurance, commercial vehicle insurance, business insurance, etc.

22. Star Health and Allied Insurance Co Ltd

    Commencing operations in the year 2006, Star Health and Allied Insurance Company expanded its services to include health insurance, travel insurance, group health insurance and personal accident Insurance. The insurer is famous for its service excellence. With a decent claim settlement ratio, it ranks amongst the best insurance companies in India.

23. TATA AIG General Insurance Co. Ltd.

    Headquartered in Mumbai, TATA AIG General Insurance was founded in the year 2001 as a result of the collaboration between Tata Group and American International Group. Considered among the most sought-after insurance companies in India, the insurer introduced a range of innovative products to cater to the different needs of its customers. It also offers insurance to private groups, which includes artists, entrepreneurs, etc. Tata AIG General Insurance is famous for its motor insurance, health insurance, and travel insurance. Other insurance products include home insurance, corporate insurance, rural insurance, marine insurance and business insurance. 

24. United India Insurance Co. Ltd.

    Starting its operations in the year 1938, United India Insurance Company is one of the finest insurance companies in India. The insurer has its head office in Chennai. Since its inception, the company has offered insurance solutions to a large customer base. Ranked amongst the top insurance companies in India, the insurer provides a variety of insurance products, including motor insurance, health insurance, personal accident insurance, travel insurance, shopkeeper’s insurance, etc. Among other product categories are fire insurance, marine insurance, liability insurance, industrial insurance, credit insurance, micro insurance, etc.

25. Universal Sompo General Insurance Co. Ltd.

    Universal Sompo General Insurance Company Ltd. is a private-public joint venture between three public-sector banks, namely Indian Overseas Bank (IOB), Indian Bank and Karnataka Bank, Dabur India Ltd. (one of the leading FMCG companies of India) and Sompo Japan Insurance Inc based in Tokyo. Some of the products offered by the insurer include travel insurance, motor insurance, health insurance, commercial insurance, and personal accident insurance. Universal Sompo General Insurance got 5th position in the list of top 15 general insurance providers as per a survey conducted by ICMR-BFM.

26. Zuno General Insurance Ltd.

    ZUNO General Insurance (Formerly known as Edelweiss General Insurance) assures individuals and families to take care of their insurance needs. The insurer’s USP, which makes them a preferred choice amongst customers, is a simplified and quick insurance purchasing process. The plans cater to the needs of all its customers at affordable prices. Some of the general insurance products offered by the insurer include health insurance, travel insurance, motor insurance, fire insurance, engineering insurance and marine insurance.

27. Zurich Kotak General Insurance Co. (India) Ltd.

    Zurich Kotak General Insurance Co. (India) Ltd. (Formerly known as Kotak General Insurance Co. Ltd.) was founded in the year 2015 and is currently run as a joint venture between Kotak Mahindra Bank and Zurich Insurance Group. The company ensures the satisfaction of customers coming from all walks of life. The insurer provides an array of insurance products, such as health insurance, motor insurance, group health insurance, travel insurance, etc.

*Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in.