Top insurance company in india 2022
1. Allianz India Insurance Company Limited (AIICO)
Allianz India Insurance Company Ltd was established in January 1995 as a joint venture between Allianz SE & Generali India Private Limited.
AIICO provides insurance products and services under various segments including Life Insurance, Health Insurance, Property Insurance, Motor Insurance, Personal Accident Insurance, Casualty Insurance, Home Insurance, Business Insurance, Specialised Insurance Products, Retirement Plans, Investment Management Services, Asset Management Services, Pension Plan Services, etc.
2. HDFC Ergo General Insurance Co. Ltd.(HEGICL)
HDFC Ergo General Insurance Company Limited is a leading general insurance company in India. HEGICL offers a wide range of insurance products including Life Insurance, Health Care Insurance, Motor Insurance, Fire/Casualty Insurance, Personal Accident Cover, Non-Life Insurance, etc.
3. ICICI Lombard General Insurance Company Limited(ILGINCL)
ICICI Lombard General Insurances Company Limited is a subsidiary of ICICI Bank Limited. ILGINCL is engaged in providing general insurance products and services to its customers.
4. LIC Housing Finance Corporation Ltd.(LICHFL)
LIC Housing Finance Corporation Ltd. (LICHFL), incorporated in the year 1956, is a public sector housing finance institution. LICHFL is regulated by Reserve Bank of India and State Bank of India. LICHFL’s business includes financing of housing loans, construction of houses, purchase of land, sale of immovable property, issuance of housing finance certificates, project management, sales of housing schemes, mortgage servicing, project appraisal and rating, credit enhancement, etc.
5. Max New York Life Insurance Company Ltd.(MNYLINC)
Max New York Life Insurance Company Limited is a wholly owned subsidiary of Max Financial Holdings Limited. MNYLINC is a life insurance company operating in India offering life insurance products and services.
6. Reliance General Insurance Company Limited (RGICL)
Reliance General Insurance Company Limited is one of the largest general insurance companies in India. RGICL is listed on both the National Stock Exchange and Bombay Stock Exchange. Its principal operations include life insurance, general insurance, motor insurance, personal accident cover, non-life insurance, investment management services, asset management services, pension plans, retirement plans, etc.
7. SBI General Insurance Company Limited(SBIGENC)
SBI General Insurance Company Limited was incorporated in July, 1983, as a joint venture between State Bank of India and General Insurance Corporation of India Limited. SBIGENC is involved in the business of general insurance.
Allianz India Insurance Company Limited is one of the largest property and casualty insurers in India, providing coverage across various segments including homeowners, car, travel, motor, pet, and personal liability. AIICO was established in 1985, and is headquartered in Mumbai, Maharashtra.
8. Bajaj Allianz General Insurance Company Ltd (BAJAGIC)
Bajaj Allianz is a leading general insurer based out of Mumbai, Maharashtra. Since its inception in 1996, BAJAGIC has been offering comprehensive insurance products and services to customers in different parts of India. Today, BAJAGIC focuses on managing risks associated with real estate, automobiles, personal accident, health, marine, fire & allied sectors.
9. HDFC ERGO Ltd (HDFCERGO)
HDFC ERGO Limited was founded in 1994 and is headquartered in Bangalore, Karnataka. HDFCERGO provides life, non-life and health insurance products to individuals and small businesses. Its product offerings include home, auto, motor, travel, health, dental, accidental death, critical illness, child care, student plans and other specialised coverages.
Reliance General Insurance is a commercial general insurer and reinsurer based in Mumbai, Maharashtra. RGENL offers a wide range of insurance solutions tailored to meet the diverse requirements of its customers. The company has evolved over time to become one of India’s leading general insurers.
10. United India Insurance Pvt. Ltd (UINPL)
United India Insurance Private Limited provides life insurance, general insurance and general annuity products to individuals in India. Headquartered in Gurgaon, Haryana, UINPL offers these products under two brands: United India Life Insurance Company Limited and United India Pension Corporation Limited.
11. Axis Bank Insurance Brokers Limited (AXISBI)
Axis Bank Insurance Brokers Limited is a subsidiary of Indian private sector bank, Axis Bank. AXISBI is a full service financial services firm focused primarily on providing life insurance broking services to small and mid-sized companies in India. AXISBI operates through a network of independent brokers in the country who provide end-to-end risk management solution to their clients.
12. Max Life India Private Limited (MAXPRI)
Max Life India Private Limited is an insurance company incorporated in 2010 with headquarters located in Kolkata, West Bengal. MAXPRI’s business strategy revolves around servicing individual segments such as general insurance, personal accident and medical, group insurance, retirement planning and wealth management. The company also offers asset management, investment advisory, mutual fund distribution and brokerage services.