General insurance is also known as non-life insurance. There are so many general insurance companies in India that offer you a variety of general insurance plans at premium rates. This insurance category is designed to ensure the safety of your valuable assets.
These insurance products offer you safety against your assets. Like if you buy a home insurance plan that means you are purchasing safety against unforeseen circumstances that happen in your houses like theft, damage by natural calamities, and fire.
In this blog, we are going to tell you the top general insurance companies in India and their products and services. So, let’s get started.
List of Top 10 Best General Insurance Companies in India
There are plenty of the best general insurance companies in India which offer different types of general insurance policies.
So, here we are going into depth about the top 10 general insurance companies in India.
1. The Oriental Insurance
2. National Insurance Company
3. Tata AIG Insurance Company
4. HDFC General Insurance
5. Reliance General Insurance
6. Liberty General Insurance
7. Max Bupa Health Insurance Company
8. Star Health and Allied Insurance
9. Go Digit General Insurance
10. Religare Health Insurance Company
1. The Oriental Insurance
The Oriental insurance company is inaugurated in the year 1974. It’s headquartered in Delhi. The branch offices of this insurance company are 1800 across the country. This insurance company offers a wide variety of insurance products to cater to the needs of the customers. It has a handsome claim ratio that is 85.66% and the claim settlement ratio is also straightforward. After getting huge acceptance from the customers they have also expanded their business outside India like Kuwait, Nepal, and Dubai.
2. National Insurance Company
It is one of the best general insurance companies in India which launched its operation in 1906. Its headquarters in Kolkata and made its name reputed in the market by offering the best insurance solutions at affordable premiums. The claim ratio of its insurance policies is 114.24%. It has a team of dedicated customers professionals who can help its customers to settle the claim as early as possible.
3. Tata AIG Insurance Company
It is also one of the reputed and renowned best general insurance companies in India which started its insurance business in the year 2001. The company is a result of the collaboration between TATA and AIG. This insurance company’s general insurance plans are very innovative and come with flexible payment options. The claim ratio of this company is good which is 71.12% respectively. This general insurance company in India offers both life and non-life insurance policies to the customers to cater to their needs. If you are worried about the claim settlement procedure let us clear it is very simple and you will get the claim within 30 days.
4. HDFC General Insurance
This general insurance company in India is a collaboration between HDFC and ERGO. It is one of the most popular and reputed general insurance companies in India. It has 1200 branches across India. The insurance solutions of this company are innovative and quality-based and available at an affordable premium. It is also awarded one of the top auto insurance companies in India. The claim ratio of the company is 74.36% and the process to settle the claim is simple and straightforward.
5. Reliance General Insurance
It is one of the best general insurance companies in India which offers you high-quality based and innovative general insurance plans at affordable premiums. It has 139 branches across India and more than 28,900 intermediaries all over the country. The claim ratio of this company is 84.71% respectively and its claim settlement ratio can be resolved within 30 days. All its plans encourage you to live a healthy lifestyle. The sole purpose of this insurance company is to offer innovative plans at nominal premiums.
6. Liberty General Insurance
This general insurance company is a joint venture between Liberty city-state with PTE LTD in the year 2013. This insurance company has 60 offices in 58 cities across India. This company aims to provide commercial insurance plans to customers at nominal and flexible pricing. Personal accident insurance, health insurance, employee compensation insurance, and commercial insurance are the best insurance plans. The claim ratio of this company is 69.60% and the time period to settle the claim is within 30 days.
7. Max Bupa Health Insurance Company
This general insurance company is a joint venture of Max India Limited and the UK healthcare, Bupa. The reason behind the joint venture is to offer innovative, and a wide variety of general insurance plans to the customers at the lowest premiums. Its branch offices are in over 190 countries and the most reputed insurance office is in India. The claim settlement ratio of this company is 50.19%. This general insurance company in India is specialized in providing both life and non-life insurance plans.
8. Star Health and Allied Insurance
When it comes to a variety of best health insurance plans that come with flexible payment methods then you should opt for this general insurance company. Because this company is famous for its excellent insurance products and services. The headquarter of this company is in Delhi and it started its operations in 2006. The claim ratio of this is the company is 61.76% and also the procedure to settle the claim is very simple.
9. Go Digit General Insurance
It is the first digital best general insurance company in India. To expand its insurance business it ties up with policy bazaar, Paytm, cleartrip, and Tansique. It provides a wide range of insurance products and services. If you are looking for affordable premium general insurance plans and have a simple claim settlement procedure then choose this company. The claim ratio of this general insurance company is 93.95% respectively.
10. Religare Health Insurance Company
It is rewarded with the title of one of the top general insurance companies in India. One of the most popular general plans of this company is a personal accident plan, international travel insurance plan, critical illness plan, and top-up coverage plan. The claim ratio of this general insurance plan is 51.97% respectively. The claim settlement procedure of this company is easy and can be done within 30 days.
Different Types of General Insurance Company and Policy in India
1. Health Insurance
Most of the best general insurance companies offer health insurance policies that cover all the serious medical expenses of the policyholder at an affordable premium. Although every health insurance policy covers different medical expenses, it mainly covers;
- Accidental coverage.
- Daycare procedures.
- Regular health checkups.
- Annual health checkups.
- Psychiatric support.
2. Car Insurance
A car insured designed by the top general insurance companies in India to offset the loss due to damage. If you handling a car then you should definitely opt for car insurance from the best general insurance companies in India. The car insurance mainly covers;
- Damage was caused by the accident.
- Damage caused by the theft.
- Provides benefits to the survivor in the event of a car accident.
- If you pay a high premium then you should get maintenance coverage.
- Damage caused by natural calamities.
3. Travel Insurance
This plan is designed by the general insurance companies in India to give support when a person travels. There are many unforeseen circumstances like flight cancellation, medical emergency, luggage theft that ruin our vacation. Travel insurance offers you coverage against all these circumstances and makes your travel hassle-free. Types of travel insurance.
- Solo travel insurance plan.
- Family travel insurance plan.
- Senior citizen travel insurance plan.
- Student’s travel insurance plan.
4. Home Insurance
This plan is designed by the general insurance companies in India to compensate if a tragedy like theft occurs in the home. Many times, small fires damage our house, a robbery falls into trouble, but if you have home insurance you will get compensation against it.
- Coverage against theft, natural calamities, and fire.
- This plan increases the value of the home.
- Gives peace of mind to live in the house.
5. Commercial Insurance
A commercial insurance plan is designed by the best general insurance companies in India to offer coverage against the financial loss that happened in the business. If you are running a business then you should definitely opt for the commercial insurance plan from the best general insurance companies in India.
- This insurance protects your premises.
- This insurance also gives coverage against the accident of the commercial vehicle.
- Manage the loss that occurs due to legal issues.
6. Marine Insurance
Marine insurance is only provided by the top general insurance companies in India. It gives you coverage against the damage or loss of ships, terminals, and any point between the transport.
- It covers the damage due to insolvency.
- It covers the loss due to delay.
- It covers the due to bad packaging.
Steps to Buy the Insurance Policy
- The first thing you should ask yourself is what type of general insurance plan you need and how much you can afford.
- Once you get the answer than the second thing you should do to review the plans of the top general insurance companies in India.
- After comparing their plans, choose the best insurance company. Contact them via email or phone number.
- Ask them questions regarding the plan you are looking for. Once you get satisfied with the answers, you can fill the form online.
- Get all the necessary documents that are mentioned in the plan eligibility criteria.
- Once everything is done in the right direction, then you can choose the flexible and affordable premiums that suit your budget.
Conclusion
We hope this comprehensive guide on the different types of general insurance policies and companies helps you a lot to find a high-quality insurance plan from the list of best general insurance companies in India.
