Saturday, 27 August 2016

List of Registered General Insurance Companies in India

Share This Post:


Generally, Life Insurance covers risk related to insured death like; death cover; and non-life insurance policies cover almost all other types of risk such as; Health Insurance  covers risks related to insured person health, Home insurance covers risks related to a home, and business insurance reimburses a businessman; in case he/she faces huge loss in business. The different forms of general insurance are health insurance, auto insurance, business insurance, home or property insurance, travel insurance, fire insurance etc. General or Non-life insurance policies provide payments on the loss of a financial event. Before buying a general insurance policy or life insurance policy (See: Life Insurance Companies Providing Life Insurance Services in India), it is immensely important to see, whether your insurance company has approval of IRDA (Insurance Regulatory and Development Authority) or not? The IRDA (Insurance Regulatory and Development Authority) is a national insurance regulatory body, who works to promote and regulate insurance industry in India. It also works to protect the interests of policy holders.

We have been seeing significant growth in general insurance companies in India since 2000 (When insurance sector was opened for private companies by Govt. of India). Currently, there are 28 general insurance companies in India; that provide insurance products related to general insurance. It is advised to see fresh list of insurers from IRDA official website because this authority may cancel the certificate of registration of an insurance company; in case insurance company does not comply with IRDA rules and regulations.

List of General Insurance Companies in India (List obtained from IRDA website on Jan-2016)

  1. Bajaj Allianz General Insurance Co. Ltd. 
  2. ICICI Lombard General Insurance Co. Ltd. 
  3. IFFCO Tokio General Insurance Co. Ltd. 
  4. National Insurance Co. Ltd. 
  5. The New India Assurance Co. Ltd. 
  6. The Oriental Insurance Co. Ltd. 
  7. United India Insurance Co. Ltd. 
  8. Reliance General Insurance Co. Ltd. 
  9. Royal Sundaram General Insurance Co. Limited 
  10. Tata AIG General Insurance Co. Ltd. 
  11. Cholamandalam MS General Insurance Co. Ltd. 
  12. HDFC ERGO General Insurance Co. Ltd. 
  13. Export Credit Guarantee Corporation of India Ltd. 
  14. Agriculture Insurance Co. of India Ltd. 
  15. Star Health and Allied Insurance Company Limited 
  16. Apollo Munich Health Insurance Company Limited 
  17. Future Generali India Insurance Company Limited 
  18. Universal Sompo General Insurance Co. Ltd. 
  19. Shriram General Insurance Company Limited 
  20. Bharti AXA General Insurance Company Limited 
  21. Raheja QBE General Insurance Company Limited 
  22. SBI General Insurance Company Limited 
  23. Max Bupa Health Insurance Company Ltd. 
  24. L&T General Insurance Company Limited 
  25. Religare Health Insurance Company Limited 
  26. Magma HDI General Insurance Company Limited 
  27. Liberty Videocon General Insurance Company Limited 
  28. Cigna TTK Health Insurance Company Ltd. 
  29. Kotak Mahindra General Insurance Company Limited
Also Read: 
Disclaimer: The above list of general insurance companies is provided for indicative purpose only; and we do not take any responsibility for the accuracy of given information. For accurate list of registered insurance companies, please visit official website of IRDA (Insurance Regulatory and Development Authority). 

No comments:

Post a Comment

Have a question? Just ask in comment box!