Non Life Insurance Companies In India

Other stakeholders in the indian insurance market include agents individual and corporate brokers surveyors and third party administrators servicing health insurance claims.

Non life insurance companies in india. Agriculture insurance company of india ltd. Since its inception the insurer has been serving with various non life insurance products including health motor home travel sme etc. There are totally 16 general insurance non life companies in india. There are six public sector insurers in the non life insurance segment.

In addition to these there is a sole national re insurer namely general insurance corporation of india gic re. Nationalised non life insurance companies who still control more than 90 of the non life market in india. Hdfc ergo health insurance limited formerly apollo munich health insurance company limited. List of non life insurance companies in india.

Export credit guarantee corporation of india ltd. Plate b c 5th floor block 1 east kidwai nagar new delhi 110023. However with the introduction of new private sector companies the insurance sector in india gained a momentum in the year 2000. Bharti axa general insurance co.

Cholamandalam ms general insurance co. Aviva life insurance company india ltd. Sahara india life insurance co. Tata aig chola ms general insurance bajaj allianz and icici lombard are some of the major companies offering personal accident coverage.

Other public sector companies like the national insurance united india insurance oriental insurance and new india assurance provided non life insurance or say general insurance in india. Shriram life insurance co. Future generali india life. A snapshot of indian scenario.

Bajaj allianz general insurance co. Out of the major segments of the indian non life insurance market the personal accident insurance segment experienced the fastest year on year growth of 24 95 during the fy 2015 fy 2019 period. Manipal cigna health insurance co ltd. These 16 general insurance companies have been classified into.

General insurance is also known as non life insurance in india. Agriculture insurance company of india ltd. Bharti axa life insurance co. Future generali india insurance co.

Reliance nippon life insurance company. It is a non life general insurance company currently having a customer base of over 50 lakh customers. Hdfc egro general insurance company limited it has over 120 branches in 106 cities all across the country with over 3000 employees in india.