18 Reinsurance companies in India list || insurance company list

Welcome, friends; through this article, you will tell the list of reinsurance companies in India, and you can decide for yourself which is good in the list of 18 insurance companies. Know about some important insurance companies. Read the complete article. This information will help you to insure.

 Reinsurance companies in India list
Reinsurance companies in India list

Before telling the friends list, I want to tell you about the company you trust, whose policy you know very well. Before getting any insurance, do a thorough investigation of that company. Understand its policy and condition. Only then can you be ready for any insurance. Let us know about some important insurance companies in India.

Major Insurance Companies in India list.

Come, we will give information about 18 essential insurance companies, you can know about them. You can trust as you wish. Before doing any insurance, understand its policy; only then do you agree. Let’s learn about 18 important such insurance Indian insurance companies; some of the major insurance companies in India include:

  1. Life Insurance Corporation of India
  2. ICICI Lombard
  3. Bajaj Allianz
  4. HDFC Ergo
  5. Tata AIG
  6. Max Life Insurance
  7. Bharti AXA
  8. SBI Life Insurance
  9. Aviva Life Insurance
  10. Reliance Life Insurance
  11. Kotak Mahindra
  12. New India
  13. Cholamandalam MS
  14. Oriental
  15. United India
  16. IFFCO Tokio
  17. Liberty Videocon
  18. Royal Sundaram Alliance

Reinsurance companies in India list

1- Bajaj Allianz General Insurance Company Limited

Bajaj Allianz General Insurance Company Limited is an Indian insurance company that offers a range of insurance products and services, including health, travel, car, home, and personal accident insurance. The company was formed in 2001 as a joint venture between Bajaj Finserv Limited, a financial services company based in India, and Allianz SE, a leading global insurance company based in Germany.

Bajaj Allianz has a nationwide network of branches and a strong presence in India’s rural and urban areas. The company is known for its innovative insurance products and its use of technology to provide a convenient and hassle-free insurance experience to its customers.

2- ICICI Lombard General Insurance Company Limited

ICICI Lombard General Insurance Company Limited is an Indian insurance company that offers a range of insurance products and services, including health, travel, car, home, and personal accident insurance. The company was founded in 2001 as a joint venture between ICICI Bank, one of India’s largest private sector banks, and Lombard International, a global specialty insurance and reinsurance company.

ICICI Lombard has a strong presence in both urban and rural areas in India and is known for its innovative insurance products and technology to provide a convenient and hassle-free insurance experience to its customers. The company has a wide network of branches and distribution channels and has received numerous awards for its customer service and innovation.

3- HDFC ERGO General Insurance Company Limited

HDFC ERGO General Insurance Company Limited is an Indian insurance company that offers a range of insurance products and services, including health, travel, car, home, and personal accident insurance. The company was formed in 2002 as a joint venture between HDFC Limited, one of India’s leading housing finance companies, and ERGO International AG, a global insurance company based in Germany.

HDFC ERGO has a nationwide network of branches and a strong presence in India’s urban and rural areas. The company is known for its innovative insurance products and its use of technology to provide a convenient and hassle-free insurance experience to its customers. HDFC ERGO has received numerous awards for its customer service and innovation.

4- SBI General Insurance Company Limited

SBI General Insurance Company Limited is a joint venture between the State Bank of India and the Insurance Australia Group (IAG). The company provides general insurance products and services, including motor, home, travel, health, personal accident, commercial vehicle, and liability insurance.

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The company also offers micro-insurance products. It is in India and other countries, including the United Arab Emirates, Nepal, and Bhutan. SBI General Insurance Company Limited is headquartered in Mumbai, India.

5- Cholamandalam MS General Insurance Company Limited

Cholamandalam MS General Insurance Company Limited is a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group, Japan. It offers a wide range of general insurance products such as health, motor, property, travel, and commercial insurance.

The company also provides other services such as risk assessment, loss prevention, and claim settlement. It caters to many customers, including individuals, small businesses, and large corporations. The company is headquartered in Chennai, India, and has regional offices in major cities throughout the country. The company is rated AA- by ICRA and AA- by CRISIL.

6- Kotak Mahindra General Insurance Company Limited

Kotak Mahindra General Insurance Company Limited is India’s leading non-life insurance company. It is a part of the Kotak Mahindra Bank and was established in 2007. The company offers a wide range of general insurance products such as health, motor, travel, home, and commercial insurance.

It also provides various flexible and cost-effective insurance solutions to its customers. The company has a strong presence in urban and rural markets and a wide network of over 500 branches spread across the country. It also has an online platform that allows customers to purchase and manage their policies online.

7- New India Assurance Company Limited

New India Assurance Company Limited is a public sector general insurance company of India and is wholly owned by the Government of India. It is India’s largest general insurance company of India on the basis of gross premium collection inclusive of foreign operations.

It also has a presence in 28 other countries, and as of March 2019, the company had a market share of 21.5% in India. It was founded in 1919 and is headquartered in Mumbai.

8- Oriental Insurance Company Limited

Oriental Insurance Company Limited (OICL) is an Indian public sector general insurance company based in New Delhi. It is one of the four insurers of India’s Insurance Regulatory and Development Authority (IRDAI).

The company was incorporated in the year 1947 and was nationalized in the year 1973. It has a wide range of general insurance products like health, motor, travel, personal accident, home, etc.

9- Reliance General Insurance Company Limited

Reliance General Insurance Company Limited is part of Reliance Group and is one of India’s leading general insurance companies. It offers a wide range of available insurance products like motor insurance, health insurance, travel insurance, home insurance, commercial business insurance, and many more.

The company has a vast network of over 5000 cashless garages and over 3000 network hospitals for the cashless treatment of its customers.

10- United India Insurance Company Limited

United India Insurance Company Limited (UIIC) is a Government of India-owned general insurance company. It was incorporated as a company in 1938. The company was formed by merging 21 Indian insurance companies and 13 foreign insurance companies.

UIIC provides a range of insurance products such as health, motor, travel, home, marine, and personal accident. It has a network of 2,018 offices and provides services in more than 2,000 towns and cities across India.

11- Tata AIG General Insurance Company Limited

Tata AIG General Insurance Company Limited is a joint venture between the Tata Group and American International Group (AIG). Tata Group holds a 74% stake in the company, while AIG holds the remaining 26%. The company offers a range of general insurance products such as health, motor, travel, home, and personal accident insurance.

It also provides customized insurance solutions to corporate clients. The company is headquartered in Mumbai.

12- IFFCO Tokio General Insurance Company Limited

IFFCO Tokio General Insurance Company Limited is a joint venture between The Indian Farmers Fertilizer Cooperative (IFFCO), its associates, and Tokio Marine and Nichido Fire Group of Japan. It is a leading private general insurance company in India.

It was founded in 2000 and is headquartered in Gurgaon, India. The company provides various insurance products such as motor, health, travel, home, and accident insurance.

13- Liberty Videocon General Insurance Company Limited

Liberty Videocon General Insurance Company Limited is one of India’s leading private sector non-life insurance companies. It is a joint venture between the Videocon Group and Liberty Citystate Holdings Pte. Ltd., a Liberty Mutual Insurance Group, USA subsidiary.

The company offers a wide range of general insurance products and services, including motor, health, travel, home, personal accident, and commercial insurance.

14- Bharti AXA General Insurance Company Limited

Bharti AXA General Insurance Company Limited is a joint venture between Bharti Enterprises, a leading Indian business group, and AXA, a leading global insurance firm. The company offers a wide range of general insurance products to individuals and businesses in India.

The products range from the motor, health, travel, home, and personal accident insurance, to rural, property, and marine insurance. The company also provides services such as risk management and claims assistance. The company has a network of more than 4,000 branches across India and serves more than 1.5 million customers.

15- Royal Sundaram Alliance Insurance Company Limited

Royal Sundaram Alliance Insurance Company Limited is a joint venture between Sundaram Finance, a Chennai-based diversified financial services group, and Royal & Sun Alliance Insurance, a UK-based multinational general insurance company.

The company offers a range of general insurance products such as health, motor, travel, home, and personal accident insurance. It also provides specialized products like crop, marine, and engineering insurance. The company has a network of over 12000 agents, 6500 brokers, and 200 branches in India.

16- Max Life Insurance

Max Life Insurance is a life insurance company based in India. It was founded in 2000 and is one of India’s leading life insurance companies. Max Life Insurance offers a range of life insurance products, including term plans, ULIPs, group insurance, pension plans, and health insurance.

The company also provides investment plans, such as mutual funds and unit-linked insurance plans (ULIPs). It has over 6 million customers and a presence in more than 200 cities across India. Max Life Insurance is a joint venture between Max Financial Services and Mitsui Sumitomo Insurance.

17- Aviva Life Insurance

Aviva Life Insurance is a life insurance company that provides a range of life insurance products to customers in the United Kingdom and Ireland. Aviva Life Insurance offers a range of products, including term life, whole life, critical illness, and income protection insurance. The company also offers financial advice, investments, and a range of other services, such as home and travel insurance.

Aviva Life Insurance is part of the Aviva Group, one of Europe’s largest insurance companies. Aviva Life Insurance is committed to providing customers with high-quality products and services and helping customers protect themselves and their families.

18- Life Insurance Corporation of India

The Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group and investment company headquartered in Mumbai. It is India’s largest life insurance company and has over 80 million policyholders. It was founded in 1956 when the Parliament of India passed the Life Insurance of India Act that nationalized the private insurance industry in India.

LIC offers a wide range of insurance products, including life insurance, health insurance, pension plans, annuities, and investment plans. Customers can purchase policies online, over the phone, or through its network of agents. LIC also provides customer service and claims to process through its offices, branches, and customer service centers.

Some crucial international insurance company

Let us now know about other insurance companies apart from these, which are on some essential lists:

  1. State Farm
  2. Allstate
  3. Liberty Mutual
  4. Farmers Insurance
  5. Nationwide
  6. USAA
  7. Chubb
  8. Travelers
  9. Progressive
  10. American Family Insurance
  11. MetLife
  12. The Hartford
  13. GEICO
  14. Esurance
  15. 21st Century Insurance
  16. AIG
  17. Safeco
  18. CNA
  19. The Hanover
  20. Zurich North America

Conclusion:

According to the above article, you learned about some important reinsurance companies in India list. Apart from this, I saw the list of other companies. I hope you have found the above information complete. Thanks for reading,

Friends, you are requested that before getting insurance, it is necessary to know about that company entirely. Thanks for reading,

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