Top 15 Best Private Insurance Companies in India

The life insurance industry in India was privatised in 2000. Ever since many private insurance companies have started selling excellent life insurance plans. Along with the private general insurance companies, who have been around for longer, the private insurance sector in India is booming. Let us find out more about the top 15 best private insurance companies in India.

HDFC Life – HDFC Life is one of the largest private life insurance companies in India. It has some excellent life insurance plans on offer. The insurance company also has one of the highest claim settlement ratios in the industry, making them the very best in the business. You can find term plans, ULIPs, pension plans, etc from HDFC Life.

ICICI Pru – At number two, we have ICICI Pru. This is yet another excellent life insurance company that has a wide range of life insurance plans on offer. The company also has a strong digital presence and has a high claim settlement ratio. These factors make ICICI Pru one of the leading private life insurers in India. 

SBI Life – Next on the list is SBI Life. One of the most spread-out life insurance companies, SBI Life has branches and offices at every corner of the country. They offer affordable life covers that are comprehensive as well, making them a very popular insurer.

Max Life – The life insurance company with the highest claim settlement ratio, Max Life is one of the oldest private insurers in India. It has a good customer support team and a very good digital presence as well. The company also has a wide range of plans, that include term insurance plans, endowment plans, child plans and so on.

Bajaj Allianz – Bajaj Allianz finds a mention on this list simply because of the efficiency and professionalism they offer in their products and services. One of the finest life insurers of the country, Bajaj Allianz has all types of life insurance plans on offer. The plans are competitively priced, making them easy to own.

Tata AIA – Tata AIA is an excellent private life insurance company in India. From term life plans to pension plans, the company has all types of life covers on offer. They also have a high claim settlement ratio which makes them a very reliable name to get associated with.

Kotak Life – And to round off the list of private life insurance companies, we have Kotak Life Insurance. A subsidiary of the famous Kotak Mahindra Bank, the company offers many good life insurance products at good rates.

SBI General – When it comes to private general insurance companies, a name that stands out is SBI General. The company has all types of insurance plans such as motor insurance, travel insurance, health insurance, etc on offer.  

ICICI Lombard – Having won some of the highest awards and recognitions in the country, ICICI Lombard has time and again proved itself as one of the very best general insurance companies in India. Whether you need a car insurance policy or a health insurance plan, you will find many options from ICICI Lombard.

HDFC Ergo – HDFC Ergo is one of the top-rated private general insurance companies in the country. They are very professional and offer excellent products and services. Their customer support team is also very efficient and helpful, making it easy for the customers.

Reliance General – Reliance General is another leading private insurance provider in India. The company has some of the most comprehensive yet affordable general insurance covers. You get everything from travel insurance to health insurance to auto insurance plans from this insurance provider.

Apollo Munich Health – There are some private insurance companies that offer only a specific type of insurance such as health insurance. Among them, is the Apollo Munich Health Insurance Company. The insurer is an old player in the industry and offers many exciting and affordable health covers for people from all walks of life, belonging to different ages.

Aditya Birla Health – Another exclusive provider of medical insurance is the Aditya Birla Health Insurance Company. The company has some of the most extensive health covers. You can get many benefits when you buy your health insurance policy from Aditya Birla Health.

Iffco Tokio – Next on the list, we have Iffco Tokio General Insurance. One of the oldest private insurance companies in India, Iffco Tokio has a wide variety of general insurance plans on offer. The services extended are very professional too, making them quite popular among their customers.

Bharti Axa General – Last but not least, we have Bharti Axa General Insurance. The company has a high claim record and also offers a very large selection of general insurance plans. You get the covers at cheap rates. The company has a strong online presence, making it easy for you to buy your plans online at any time you wish.  

Whether you need a life insurance plan or a general insurance plan such as a health insurance or car insurance plan, you can choose the cover from any of the above mentioned private insurance companies. You will have a good insurance policy with you without any doubt.