Top 10 Insurance Companies in India, Best Insurance Companies in India

Top 10 Insurance Companies in India : Right now there are many insurance companies in India, about which people are also aware. But here we will tell you about the top 10 companies in India, which have achieved a lot of progress in the field of insurance.

These top 10 insurance companies of India are providing their service not only in India but also outside India. These best insurance companies of India have been offering their services to people in the country for many years.


Top 10 Insurance Companies in India

Let’s know – Top 10 Insurance Companies in India, Best Insurance Company in India. These are the top 10 Insurance Companies in India.

  1. LIC – Life Insurance Corporation of India
  2. Tata AIA Life Insurance or Tata AIG General Insurance
  3. Bajaj Allianz General Insurance
  4. New India Assurance Co. Ltd
  5. ICICI Prudential Life Insurance Company Limited
  6. IFFCO Tokio General Insurance Company Limited
  7. ICICI Lombard General Insurance Company Limited
  8. Oriental Insurance Company Ltd
  9. Aditya Birla Sun Life Insurance Company Limited (ABSLI)
  10. HDFC Life Insurance Company Limited

Let us tell you in detail about the top 10 insurance companies in India. Above we have given you the list of top 10 insurance companies of India. Now we will give you detailed information about them. Apart from these top 10 insurance companies in India, there are many insurance companies in India which provide their services to the people of the country.


LIC (Life Insurance Corporation of India) – Top 10 Insurance Companies in India

The first name in the list of Top 10 Insurance Companies in India is LIC. LIC (Life Insurance Corporation of India) is a very large insurance company which operates under the centre government. It serves life insurance, pension plans, individual insurance and group insurance schemes. It has many different branches such as:

  • Life Insurance Corporation of India International
  • LIC Housing Finance
  • LIC Nepal
  • LIC Lanka
  • LIC HFL Care Homes Limited
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LIC Company has 12 million people as policy holders and 9 lakh agents. So far this company has given 120 million policies. The biggest secret of its success is its favourable capacity. This company has been in operation since 1964.

Life Insurance Corporation of India - Top 10 Insurance Companies in India
Life Insurance Corporation of India – Top 10 Insurance Companies in India

Life Insurance Corporation of India or LIC is the oldest state-owned insurance company in India. Life Insurance Corporation of India (LIC) was established in 1956 and is the largest insurance group and investment company in India.

It is a wholly owned company by the Government of India. Its headquarters are located in Mumbai. “Your welfare is our responsibility” is the slogan of LIC and it has 2048 branches across India.

Life Insurance Corporation of India Detail

  • LIC Headquarter : Mumbai, Maharashtra, India
  • Founded : 1 September 1956
  • Founder of LIC : Government of India
  • Chairperson of LIC : M R Kumar
  • Total assets of LIC : US$440 billion (2019)
  • official Website of LIC – https://licindia.in/

Tata AIA Life Insurance or Tata AIG General Insurance – Top 10 Insurance Companies in India

The second name in the list of Top 10 Insurance Companies in India is Tata AIA Life Insurance or Tata AIG General Insurance.

The new name of Tata AIG Life Insurance company is Tata AIA Life Insurance company. The reason behind this is that the partnership of this insurance company has now ended with the American International Group (AIG). After this, now this company has been re-registered as Tata AIA Life Insurance company. Let us tell you that Tata AIG Life Insurance company was established in 2001 as a joint venture company between Tata Group and AIG.

Tata AIA Life Insurance, Tata AIG Life Insurance, Top 10 Insurance Companies in India
Tata AIA Life Insurance, Tata AIG Life Insurance, Top 10 Insurance Companies in India

Tata AIA Life Insurance or Tata AIG Life Insurance Company Limited is a joint venture company, formed by Tata Sons Limited and AIA Group Limited. Tata AIA Life Insurance is one of the fastest growing companies in the life insurance sector in India.

The secret of the success of Tata AIA Life Insurance or Tata AIG Life Insurance Company is its trusted employees. It is the 5th largest Insurance company in India dealing in banking sector and finance. Tata AIA General employees say that the main reason for working here is that there are ample career growth opportunities. It is a very large insurance company in India working in the field of General Insurance.

Tata AIA Life Insurance or Tata AIG Life Insurance Company Limited Detail

  • Service : Finance and Insurance Sector
  • Tata AIA Life Insurance Helpline Number : 1800 266 7780
  • Tata AIA Life Insurance CEO: Neelesh Garg (Sep 2015–)
  • Headquarter of Tata AIA Life Insurance : Mumbai, Maharashtra, India
  • Founded: 22 January 2001
  • Parent Company of Tata AIA : Tata Sons and AIA
  • Subsidiary of Tata AIA : TCS Solution, Colombia
  • Tata AIA Life Insurance official Website – https://www.tataaia.com/
  • Tata AIG Life Insurance official Website – https://www.tataaig.com/

Bajaj Allianz General Insurance – Top 10 Insurance Companies in India

The 3rd name in the list of Top 10 Insurance Companies in India is Bajaj Allianz General Insurance.

Bajaj Allianz General Insurance Company’s parent company is Bajaj Group. As you may be aware, Bajaj Group is a very big name in the motorcycle sector. The name of this company is always ahead for property insurance too.

Bajaj Allianz General Insurance - Top 10 Insurance Companies in India
Bajaj Allianz General Insurance – Top 10 Insurance Companies in India

Bajaj Allianz General Insurance is a highly reputed insurance company in India that offers the best deals on Insurance policies. Bajaj Allianz Life Insurance is a joint venture insurance company between Bajaj Group of India and Allianz SE (European Company).

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Bajaj Allianz General Insurance revenue mainly comes from automotive insurance (Vehicle Insurance). The company has been in operation since 2001. It has 200 offices across India. Let us tell you in which field this company does insurance work.

  • Auto Insurance or Vehicle Insurance
  • Travel Insurance
  • Commercial Insurance
  • Health Insurance
  • Home Insurance
  • Property Insurance

Bajaj Allianz General Insurance Detail

  • Headquarter : Pune
  • CEO : Tapan Singhel
  • Helpline Number : 1800 209 5858
  • Revenue : Rs 9400 Cr (2017–2018)
  • Roadside Helpline Number : 1800 103 5858
  • Parent Company : Bajaj Finserv Ltd and Allianz SE
  • Official Website : https://www.bajajallianz.com/

New India Assurance Company Limited – Top 10 Insurance Companies in India

The 4th name in the list of Top 10 Insurance Companies in India is New India Assurance Company Limited. New India Assurance Company Limited is an insurance company working in the field of satellite insurance.

New India Assurance Company Limited, Top 10 Insurance Companies in India
New India Assurance Company Limited, Top 10 Insurance Companies in India

It has 1068 offices in India, While outside India “New India Assurance Company Limited” also operates insurance services in Japan, Fiji, UK, Australia and Middle East.

New India Assurance Company Limited Detail

  • Headquarter : Mumbai, Maharashtra, India
  • CEO : Atul Sahai
  • Founded : 23 July 1919, Mumbai, India
  • Founder : Dorabji Tata
  • Customer helpline : 1800 209 1415
  • Official Website : https://www.newindia.co.in/

ICICI Prudential Life Insurance Company Limited – Top 10 Insurance Companies in India

The 5th name in the list of Top 10 Insurance Companies in India is ICICI Prudential Life Insurance. ICICI Prudential Life Insurance Company has achieved the National Financial Strength Rating AAA Life Insurance by Fitch. For three consecutive years this company has won the title of Trusted Private Life Insurance Company.

ICICI Prudential Life Insurance company has 1900 branches in India and over 2 lakh insurance agents. As of 31 March 2018, it had assets of Rs 1395 billion.

ICICI Prudential Life Insurance Company Limited, Top 10 Insurance Companies in India
ICICI Prudential Life Insurance Company Limited, Top 10 Insurance Companies in India

Established in 2001, ICICI Prudential Life Insurance Company Limited is a joint venture of ICICI Bank Limited and Prudential Corporation Holdings Limited.

ICICI Prudential Life Insurance is renowned for its wide range of insurance, investment and savings products, designed to suit the various insurance needs and life stages of their customers.

Life insurance policies of this company are affordable. It is the first life insurance company to make it to the list of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

ICICI Prudential Life Insurance Company Limited Detail

  • Customer Helpline Number – 1860 266 7766
  • Founded – 2000
  • CEO – N. S. Kannan
  • Parent Company – ICICI Bank & Prudential Corporation
  • Headquarter – Mumbai, Maharashtra, India
  • Official Website – https://www.iciciprulife.com/

IFFCO Tokio General Insurance Company Limited – Top 10 Insurance Companies in India

The 6th name in the list of Top 10 Insurance Companies in India isIFFCO Tokio General Insurance.

IFFCO Tokio General Insurance Company Limited has 110 offices and 51 strategic business units across the country. It currently has 1400 employees. IFFCO Tokio General Insurance Company Limited is one of the major insurance companies in the automobile and fertiliser sector.

IFFCO Tokio General Insurance Company Limited - Top 10 Insurance Companies in India
IFFCO Tokio General Insurance Company Limited – Top 10 Insurance Companies in India

IFFCO Tokio General Insurance Company Limited Detail

  • Customer Helpline Number : 1800 103 5499
  • Headquarter : Gurugram, Haryana, India
  • CEO : Anamika Roy Rashtrawar
  • Founded : 2000
  • official website : https://www.iffcotokio.co.in/
  • Parent Company : Indian Farmers Fertiliser Cooperative
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ICICI Lombard General Insurance Company Limited – Top 10 Insurance Companies in India

The 7th name in the list of Top 10 Insurance Companies in India is ICICI Lombard General Insurance.

ICICI Lombard General Insurance Company Limited operates in various domains such as insurance claims, general insurance, management, re-insurance and investment management. In addition, the company is a large general insurance company among private companies.

ICICI Lombard General Insurance - Top 10 Insurance Companies in India
ICICI Lombard General Insurance – Top 10 Insurance Companies in India

ICICI Lombard General Insurance Company Limited is the first Indian Insurance Company to receive official recognition by ISO 9001:2000. It has been rated AAA by ICRO.

ICICI Lombard General Insurance Company Limited Detail

  • CEO – Bhargav Dasgupta
  • Customer Helpline Number – 1800 2666
  • Parent Company – ICICI Bank
  • Headquarter – Mumbai, Maharashtra, India
  • Number of Employees – 8,500+ (Sep 2020)
  • Official Website – https://www.icicilombard.com/

Oriental Insurance Company Limited – Top 10 Insurance Companies in India

The 8th name in the list of Top 10 Insurance Companies in India is Oriental Insurance Company.

The Oriental Insurance Company is also India’s top-ranked insurance company. AAM Best International Rating Agency has given it a B++ rating, which is a good ranking. Oriental Insurance Company Limited has 26 regional offices in India and at least 900 operating offices. Apart from this, Oriental Insurance Company Limited also operates insurance services in countries like Nepal, Dubai, and Kuwait.

Oriental Insurance Company Limited, Top 10 Insurance Companies in India
Oriental Insurance Company Limited, Top 10 Insurance Companies in India

Oriental Insurance Company Limited Detail

  • Founded – 12 September 1947
  • Headquarter – New Delhi, India
  • Owner – Government of India
  • Type of Company – PSU
  • Number of employees – 12000+
  • Type of Business – Insurance Sector
  • Official Website – https://orientalinsurance.org.in/

Aditya Birla Sun Life Insurance Company Limited (ABSLI) – Top 10 Insurance Companies in India

The 9th name in the list of Top 10 Insurance Companies in India is Aditya Birla Sun Life Insurance.

Aditya Birla Sun Life Insurance Company Limited is a leading company in the life insurance sector of India. It is one of the top 5 private life insurance companies in the country. It is the first financial services provider in India to introduce business continuity plans, Unit linked life insurance plans and free look facility.

Aditya Birla Sun Life Insurance Company Limited - Top 10 Insurance Companies in India
Aditya Birla Sun Life Insurance Company Limited – Top 10 Insurance Companies in India

Aditya Birla Sun Life Insurance Company Limited Detail

  • CEO – Kamlesh Rao
  • Customer Helpline – 1800 270 7000
  • Telephone Helpline Number – +91 22 6691 7777
  • Headquarter – Mumbai, Maharashtra, India
  • Company Type – Subsidiary Company
  • Founded – 2000
  • Parent Company – Aditya Birla Capital
  • Official Website – https://lifeinsurance.adityabirlacapital.com/

HDFC Life Insurance Company Limited – Top 10 Insurance Companies in India

The 10th name in the list of Top 10 Insurance Companies in India is HDFC Life Insurance Company Limited.

HDFC Life Insurance Company Limited is now known as HDFC Life. It is a major company among private insurance companies. It serves personal insurance and group insurance. They also have adequate financial capacity to take care of investment in a long-term in a safe manner.

HDFC Life’s insurance services are spread over 700 cities. The company has 568 branches across the country. HDFC Life Insurance employs 2 lakh financial advisors.

HDFC Life Insurance Company Limited - Top 10 Insurance Companies in India
HDFC Life Insurance Company Limited – Top 10 Insurance Companies in India

HDFC Life Insurance Company Limited Detail

  • Customer Helpline – 1800 266 9777
  • CEO – Vibha Padalkar
  • Headquarter – Mumbai, Maharashtra, India
  • Founded – 2000
  • Parent Company – HDFC & Standard Life
  • Official Website – https://www.hdfclife.com/

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