Top 10 General Insurance Companies in India

What are General Insurance Companies in India?

General insurance companies provide insurance plans that protect people, families, businesses, and groups from different risks. They offer many types of insurance, such as:

• Health Insurance
• Car Insurance
• Bike Insurance
• Home Insurance
• Business Insurance
• Travel Insurance

Some companies also provide special coverage like credit insurance, rural insurance, and professional protection. All general insurance companies in India are registered with the Insurance Regulatory & Development Authority of India (IRDAI), which makes sure they follow the rules and provide reliable services.

Top 10 General Insurance Companies in India

1. Aditya Birla Health Insurance Company

• Founded: 2015
• Claim Settlement Ratio: 94.47%
• Headquarters: Mumbai, Maharashtra

Aditya Birla Health Insurance is part of the Aditya Birla Group, a famous business group in India. It is one of the top health insurance companies that provides different health insurance plans to help individuals and families with their medical needs. Their goal is to make health insurance easy to afford and available to everyone, with a special focus on keeping people healthy before they get sick.

Key Features:

• Rewards policyholders for staying healthy with wellness benefits.
• Large network of hospitals for cashless treatment.
• Covers critical illness, hospitalization, and pre-existing diseases.

2. HDFC ERGO General Insurance Company

• Founded: 2002
• Claim Settlement Ratio: 94.32%
• Headquarters: Mumbai, Maharashtra

HDFC ERGO General Insurance is a joint venture between HDFC Ltd, India's leading housing finance company, and ERGO International AG, Germany's leading insurance company. They offer various kinds of insurance, such as health, motor, and travel. The company is famous for its easy and customer-friendly policies, which make insurance more understandable and accessible.

Key Features:

• 24/7 customer support for easy claim assistance.
• Digital tools for buying, renewing, and claiming policies.
• Offers specialized insurance plans for different needs.

3. The New India Assurance Company

• Founded: 1919
• Claim Settlement Ratio: 93.13%
• Headquarters: Mumbai, Maharashtra

Started in 1919, The New India Assurance Company is a government-owned insurance company that operates in 28 countries. It is India’s largest public sector insurance provider and one of the top Govt. health insurance companies, offering different types of insurance plans. The company is known for its strong and trustworthy services, ensuring people and businesses get reliable coverage.

Key Features:

• Strong global presence with operations in many countries.
• High claim settlement ratio with reliable customer service.
• Offers insurance plans for individuals, businesses, and industries.

4. Go Digit General Insurance Company

• Founded: 2017
• Claim Settlement Ratio: 87.71%
• Headquarters: Bengaluru, Karnataka

Go Digit General Insurance is a well-known insurance provider in India, backed by Fairfax Financial Holdings, a large financial company based in Canada with operations in over 30 countries. The company offers car, travel, property, and health insurance. It aims to make insurance easy and transparent, so people can understand and use their policies without confusion.

Key Features:

• Fully digital process for buying and claiming insurance.
• Cashless claim facility in hospitals and garages.
• Flexible insurance plans with add-on benefits.

Know - List of Top 10 Bike Insurance Companies in India

5. Care Health Insurance Company

• Founded: 2012
• Claim Settlement Ratio: 87.44%
• Headquarters: Gurugram, Haryana

Care Health Insurance is one of India's well-known health insurance providers. It focuses on offering quality healthcare services with comprehensive coverage. The company provides a range of health insurance plans for individuals, families, and senior citizens. It is known for its fast claim process and strong hospital network.

Key Features:

• Covers hospitalization, critical illness, and pre-existing diseases.
• Has a wide network of hospitals for cashless treatment.
• Offers wellness benefits like free health check-ups.

6. IFFCO Tokio General Insurance Company

• Founded: 2000
• Claim Settlement Ratio: 86.27%
• Headquarters: Gurugram, Haryana

IFFCO Tokio General Insurance is a top insurance firm in India. It offers different general insurance policies such as health, motor, and home insurance. IFFCO Tokio General Insurance is a joint venture between the Indian Farmers Fertiliser Cooperative and Tokio Marine Group of Japan. The company is famous for policies that are customer-friendly and have reasonable premiums.

Key Features:

• First company in India to offer agriculture insurance for farmers.
• Provides motor, travel, and health insurance with flexible coverage.
• Fast and easy online policy purchase and renewal process.

Know - Top 5 Health Insurance Companies in India - 2025

7. Liberty General Insurance Company

• Founded: 2013
• Claim Settlement Ratio: 85.94%
• Headquarters: Mumbai, Maharashtra

Liberty General Insurance is a well-known insurance company in India. It offers different types of insurance, including health, car, bike, and home insurance. The company is known for its simple claim process and good customer service.

Key Features:

• Easy online policy purchase and renewal.
• Covers a wide range of health and motor insurance needs.
• Offers personalized insurance plans for different customer needs.

8. ICICI Lombard General Insurance Company

• Founded: 2001
• Claim Settlement Ratio: 85.44%
• Headquarters: Mumbai, Maharashtra

ICICI Lombard is one of the best General insurance companies in India. The company deals with health, motor, travel, and home insurance. It belongs to the ICICI Group of companies and enjoys a great reputation because of its highly reliable customer service and claims-settling procedures.

Key Features:

• Quick and hassle-free claim settlement process.
• Digital tools for easy policy management and claims tracking.
• Large network of hospitals and garages for cashless services.

Know - List of Top 10 Car Insurance Companies in India - 2025

9. Tata AIG General Insurance Company

• Founded: 2001
• Claim Settlement Ratio: 81.95%
• Headquarters: Mumbai, Maharashtra

Tata AIG General Insurance is a trusted insurance provider in India. It is a partnership between Tata Group and AIG, a big global insurance company. They offer health, motor, travel, and home insurance with strong customer support and quick claim settlement.

Key Features:

• Wide range of insurance products with affordable premiums.
• 24/7 customer support for easy claim assistance.
• Focus on innovative and customized insurance solutions.

10. Bajaj Allianz General Insurance Company

• Founded: 2001
• Claim Settlement Ratio: 73.38%
• Headquarters: Pune, Maharashtra

Bajaj Allianz General Insurance is a joint venture between Bajaj Finserv and Allianz SE. It is one of India's most trusted insurance providers, offering health, motor, home, and travel insurance. The company is known for its quick claim process and strong financial backing.

Key Features:

• High claim settlement ratio with quick approvals.
• Cashless claim facility in thousands of hospitals and garages.
• Innovative insurance plans with add-on benefits like wellness rewards.

Things to Check Before Choosing a General Insurance Company in India

Before picking an insurance company, it’s important to look at a few key things. Here are some simple factors to help you make the right choice:

1. Company Reputation

There are many insurance companies offering different plans. It’s a good idea to do some research about the company, its background, and how well it handles claims. This will help you choose a trusted and reliable company.

2. Claim Settlement Ratio

Buying an insurance policy is easy, but the real challenge comes when you need to file a claim. Check how many claims the company settles and how fast they process them. A company with a high claim settlement ratio and quick service is a better choice.

3. Customer Support

You might need assistance at any given moment, and hence the customer support of the company must be available, useful, and prompt in resolving issues. Ensure they give good service when required.

4. Customer Reviews

Reading reviews by other customers may help you in knowing their experience with the company. See what others say regarding settlements of claims, customer service, and overall satisfaction before making any decision.

5. Quality of Service

Notice how the company treats its customers. Are they listening patiently and explaining everything thoroughly? Do they try to understand your requirements, or are they simply in a rush to make a sale? Choose the company that takes time to assist you nicely.

Conclusion

General Insurance helps cover expenses if something unexpected or unfortunate happens, like an accident or damage to your belongings. Before buying a policy, always read the details carefully to understand what it covers. Once you decide, getting General Insurance online is quick and easy. If you want to compare different plans in one place, Square Insurance is here to help you.