General Insurance Companies

Acko General Insurance Limited is 100% Indian owned private general insurance company founded in November 2016 and received its license from IRDAI in September 2017. Acko General Insurance Limited has the market share of 0.19% and revenue for the year 2019-20 is INR 373 crore. It has the Solvency ratio of 4.24.

Aditya Birla Health Insurance Company Limited (ABHICL) is a joint venture between Aditya Birla Group (51% Stake) and MMI Holdings of South Africa (49% Stake). "ABHICL" has the market share of 0.45% and revenue for the year 2019-20 is INR 872 crore. It has the Solvency ratio of 1.81.

Bajaj Allianz General Insurance Company Limited is a joint venture Bajaj (74% Stake) and Allianz SE Germany (26% Stake). Bajaj Allianz General Insurance Company Limited has the market share of 6.65% and revenue for the year 2019-20 is INR 12,780 crore. It has the solvency ratio of 2.54.

Care Health Insurance Company Limited (formerly Religare Health Insurance Company Limited) is a joint venture between Religare Enterprises Limited (88.46%), Union Bank of India (3.50%) and Corporation Bank (2.834%). Care Health Insurance Company Limited has the market share of 1.24% and revenue for the year 2019-20 is INR 2,389 crore. It has the solvency ratio of 1.55.

Cholamandalam MS General Insurance Company Limited is a joint venture between Murugappa Group (60% Stake) and Mitsui Sumitomo Insurance Company Limited, Japan (40% Stake). Cholamandalam MS General Insurance Company Limited has the market share of 2.29% and revenue for the year 2019-20 is INR 4,398 crore. It has the solvency ratio of 1.58.

Edelweiss General Insurance Company Limited is 100% owned by Edelweiss Group headquartered in Mumbai, Maharashtra. Edelweiss General Insurance Company Limited has the market share of 0.08% and revenue for the year 2019-20 is INR 146 crore. It has the solvency ratio of 2.36.

Future Generali India Insurance Company Limited is a joint venture between Future Group (74% Stake) and Generali (26% Stake) Cigna. Corporation U.S. based global health services leader. Future Generali has the market share of 1.78% and revenue for the year 2019-20 is INR 3,417 crore. It has the solvency ratio of 1.51.

Go Digit General Insurance Limited was started by Kamesh Goyal and backed by the Fairfax Group. Go Digit is 100% owned by Fairfax Group. Go Digit General Insurance Limited has the market share of 0.92% and revenue for the year 2019-20 is INR 1,768 crore. It has the solvency ratio of 3.24.

HDFC ERGO Health Insurance Limited (formerly known as Apollo Munich Health Insurance Company Limited) is a joint venture between Apollo Hospital Group (51% Stake) and Munich Health (49% Stake) Founded in 2007. HDFC ERGO Health Insurance Limited has the market share of 1.31% and revenue for the year 2019-20 is INR 2,522 crore. It has the solvency ratio of 1.74.

ICICI Lombard General Insurance Company Limited is a joint venture between ICICI Bnak (64% Stake) and Fairfax Financial Holdings Limited (36% Stake). ICICI Lombard has the market share of 8.40% and revenue for the year 2019-20 is INR 14,488 crore. It has the solvency ratio of 2.17.

IFFCO TOKIO General Insurance Company Limited is a joint venture between the Indian Farmers Fertilizer Co-Operative (IFFCO) (51% Stake) and TOKIO Marine Asia Pte. Limited, Japan (49% Stake). IFFCO TOKIO has the market share of 4.14% and revenue for the year 2019-20 is INR 7,961 crore. It has the solvency ratio of 1.58.

Kotak Mahindra General Insurance Company Limited is a 100% owned by India’s fastest growing bank, Kotak Mahindra Bank Limited. Kotak Mahindra General Insurance Company Limited has the market share of 0.23% and revenue for the year 2019-20 is INR 433 crore. It has the solvency ratio of 2.13.

Liberty General Insurance Limited is a joint venture between Enam Securities (25.30% Stake) & DP Jindal Group (26% Stake) and Liberty Mutual Insurance Group, USA (48.7% Stake). Liberty General Insurance Limited has the market share of 0.80% and revenue for the year 2019-20 is INR 1,531 crore. It has the solvency ratio of 2.18.

Magma HDI General Insurance Company Limited is a joint venture between Magma Fincorp Limited, Kolkata (74.44% Stake) and HDI Global SE, Germany (25.56% Stake). Magma HDI General Insurance Company Limited has the market share of 0.64% and revenue for the year 2019-20 is INR 1,225 crore. It has the solvency ratio of 1.71.

Manipal Cigna Health Insurance Company Limited is a joint venture between TTK Group an Indian conglomerate and Cigna Corporation U.S. based global health services leader. Manipal Cigna Health Insurance Company Limited has the market share of 0.30% and revenue for the year 2019-20 is INR 576 crore. It has the solvency ratio of 1.90.

National Insurance Company Limited is India’s oldest general insurance company and 100% owned by Government of India. National Insurance Company Limited has the market share of 7.97% and revenue for the year 2019-20 is INR 15,313 crore. It has the solvency ratio of 0.02.

Navi General Insurance Limited is 100% owned by Navi Technologies Private Limited. Navi Technologies is founded by Mr. Sachin Bansal, Co-founder of Flipkart. Navi General Insurance Limited has the market share of 0.08% and revenue for the year 2019-20 is INR 158 crore. It has the solvency ratio of 3.35.

Raheja QBE General Insurance Company Limited is a joint venture between Prism Cement Limited (51% Stake) and QBE Holdings (AAP) Pty Limited (49% Stake). Raheja QBE General Insurance Company Limited has the market share of 0.08% and revenue for the year 2019-20 is INR 158 crore. It has the solvency ratio of 2.46.

Reliance General Insurance Company Limited is an Indian private insurance company and a part of Reliance Anil Dhirubhai Ambani Group, wholly owned through Reliance Capital. Reliance General Insurance Company Limited has the market share of 3.88% and revenue for the year 2019-20 is INR 7,465 crore. It has the solvency ratio of 1.52.

Royal Sundaram General Insurance Company Limited a subsidiary of Sundaram Finance, is the first private sector general insurance company in India to be licensed in October 2000. Royal Sundaram has the market share of 1.91% and revenue for the year 2019-20 is INR 3,667 crore. It has the solvency ratio of 1.69.

SBI General Insurance Company Limited is a joint venture between State Bank of India (74% Stake) and Insurance Australia Group (IAG) (26% Stake). SBI General Insurance Company Limited has the market share of 3.54% and revenue for the year 2019-20 is INR 6,797 crore. It has the solvency ratio of 2.27.

Shriram General Insurance Company Limited is a joint venture between Shriram Capital Limited (77% Stake) and Sanlam Limited, South Africa (23% Stake). Shriram General Insurance Company Limited has the market share of 1.28% and revenue for the year 2019-20 is INR 2,466 crore. It has the solvency ratio of 3.67.

Star Health and Allied Insurance Company Limited is India's first standalone health insurance company headquartered in Chennai, India. Star Health and Allied Insurance Company Limited has the market share of 3.57% and revenue for the year 2019-20 is INR 6,865 crore. It has the solvency ratio of 1.88.

Tata AIG General Insurance Company Limited is a joint venture between Tata Group (74% Stake) and American International Group (AIG) (26% Stake). Tata AIG General Insurance Company Limited has the market share of 3.84% and revenue for the year 2019-20 is INR 7,385 crore. It has the solvency ratio of 1.84.

The New India Assurance Company Limited (NIACL) was founded by Sir Dorab Tata from the house of TATAs and nationalised in 1973. It is 100% owned by Government of India. NIACL has the market share of 15.46% and revenue for the year 2019-20 is INR 29,715 crore. It has the solvency ratio of 2.11.

The Oriental Insurance Company Limited is 100% owned by Government of India and headquarter of the company is located in New Delhi. The Oriental Insurance Company Limited has the market share of 7.28% and revenue for the year 2019-20 is INR 13,996 crore. It has the solvency ratio of 0.92.

United India Insurance Company Limited is India's 2nd Largest General Insurance company head quartered at chennai. It is 100% owned by Government of India. United India Insurance Company Limited has the market share of 9.11% and revenue for the year 2019-20 is INR 17,515 crore. It has the solvency ratio is 0.30.

Universal Sompo General Insurance Company Limited is a joint venture between Indian Bank, Indian Overseas Bank, Karnataka Bank Limited, Dabur Investments (Combined 74% Stake) and Sompo Japan Insurance Inc. (26% Stake). Universal Sompo has the market share of 1.49% and revenue for the year 2019-20 is INR 2,859 crore. It has the solvency ratio is 2.28.