The Insurance Programs Platform in India had been noted to be utterly vast and dynamic. Thanks to the growing insurance industry in the county, much can be deduced from its personal assurance quality. There is no other big thing in the world than to have a secured life. But beyond the single personal life, it would be much indispensable if family members are included in the insurance privileges. For this year, the best insurance policy providers will definitely be presented. Behold the 2016 top general insurance companies in India.
Here are the 2016 Top 10 General Insurance Companies in India:
- New India Assurance Company Ltd.
The New India Assurance Company Limited is a crème de la crème of the Insurance Companies in India. Hence, it holds an honorable degree in the list of the best general insurance company in India. It is a government-owned common insurance policy provider. The organization has a network of 1,600 offices, 19,000 employees and has a presence in more than 22 countries globally. It offers a variety of common insurance products including petrochemicals, satellites, oil and energy sectors’ raw products, SMEs, power and steel plants, aircraft fleets, and almost all the other commercial items. Its main corporate office is located in Mumbai, Maharashtra.
- National Insurance Company Ltd.
The National Insurance Company Limited is another successful Insurance Company in the country. It holds an honorable position in the list of the leading general insurance companies in India. The company was founded and established in 1906 and it is heavily recognized among the general insurance companies in the county. The Insurance Policy giant is based at Kolkata and has a workforce of over 15,000 employees and agents working across 1,340 offices located all across the country. Being the only PSU non insurance plan-company, it beholds the Best Auto Insurer award. It is located in Kolkata, West Bengal.
- The Oriental Insurance Company Ltd.
The Oriental Insurance Company Limited is an equally prominent Insurance Company in India. Established in 1947, it had since held the top mark in the list of the largest general insurance companies in India. Managed by the Central Government of India, the company had easily commercialized its insurance policies in a span of a year. Located in New Delhi, the company hails as an expert in providing protection programs for power vegetation, metal, petrochemical and chemical vegetation tasks. The company’s programs also satisfy the needs of the non-urban and concrete population. Its main office is located in New Delhi, India.
- United India Insurance Company Ltd.
The United India Insurance Company Limited was established in 1938. It had since reigned in the list of the biggest general insurance companies in India. It provides an insurance coverage that includes a great number of customers from various areas from the ONGC, Tirumala-Tirupati Devasthanam and towards the GMR- Hyderabad Worldwide Airport. These insurance offers by the company also extend to non-urban areas when they are matched to the Health Insurance Plan Programs of the Government, Vijaya Raji Janani Kalyan Yojana and many other such policies. It is situated in Chennai, Tamil Nadu.
- Bajaj Allianz General Insurance Company Ltd.
The Bajaj Allianz General Insurance Company Limited reigns in the list of the top 10 best general insurance companies in India. The company is a dynamic result from the partnership between Bajaj Finserv Limited and Allianz SE. Eventually, it is headquartered in Pune. The Bajaj Company offers complex policy forms over the generic Health Insurance Policy platform that includes Star Package, Personal Secure, Travel cover, Hospital Cash, and Health Secure. It is located in Pune, Maharashtra.
- ICICI Lombard General Insurance Company Ltd.
The ICICI is another prominent Insurance Company in India. It holds the best pace in the list of the top Indian general insurance firms. Rated highest in customer care by J.D. Power Asia Hawaiian in India, the company has by far resolved over 5.07 thousand claims and released 9.18 thousand policies to the letter. The ICICI Lombard General Insurance Company Limited is a partnership between the ICICI Bank Limited and the Fairfax. It is located in Mumbai, Maharashtra
- Tata AIG General Insurance Company Ltd.
The Tata AIG General Insurance Company is an equally successful Insurance Company in the country to date. It holds a position in the list of the leading Indian general insurance companies. Formed by the Tata Group and the American International Group, Inc., it fares well in the commercial platform. It notably started its India operations in 2001. The Tata Policy Insurance Company has insurance solutions for corporate as well as individual firms. Its program covers Lifestyle Insurance Policy, Health Insurance Policy, Home Insurance Policy, Motor Insurance Policy and Travel Insurance Policy.
- Agriculture Insurance Company of India Ltd.
When comes to reliable agri-insurance deals, the Agriculture Insurance Company of India Limited is the best. It keeps a fair rank in the list of the largest Indian general insurance firms. The company was integrated in the year 2002 under the guidance of the government ministries in India. The company is dedicated to help farm owners for improvement. For the record, it has extended its insurance services in more than 500 regions in the country, covering more than 20 million farm owners. The insurance policies cover farming protections form famine, natural disasters like storms, pests and illnesses. Its main corporate office is addressed in New Delhi, India.
- Reliance General Insurance Company Ltd.
The Reliance General Insurance Company Limited is a top-listed company in the list of the biggest Indian general insurance firms. The company is a standard insurance company in India offering policy to SME, corporate and individual clients. Rated among the top 10 general assurance providers in the world, the company reigns with large multination holdings. Nevertheless, its product offering includes health, motor, holiday insurance, student travel and other customized debits. The company has a network of 139 offices spread across 24 states. It is located in Mumbai, Maharshtra.
- IFFCO- Tokio General Insurance Company Ltd.
The IFFCO- Tokio General Insurance Company Limited earns a place in the list of the biggest Indian general insurance firms. The company was established in 2000 and had existed as product of the partnership between Nichido Fire Group, Indian Farm Owners Manure Co-operative and the Tokio Underwater. The company offers a wide variety of non-life insurance products like Household, Personal Accident, Travel and Motor types. Its main corporate office is located in Gurgaon, Haryana.to