Top 10 Car Insurance Companies in India in 2020

Top 10 Car Insurance Companies in India in 2020

In a rustic like India wherein range constantly takes the lead, how can there be no variety in terms of selecting the top pleasant car coverage organizations? There are a plethora of car insurance companies in India. Here, I’ll assist you with the top 10 automobile insurance corporations in 2019 on the idea of quite a number of things like claim agreement ratio, insurance, cashless garage community, benefits and so on and lots more.

Picking the right automobile coverage is a matter of serious challenge for every proprietor of a car in India. As according to the car Vehicles Act 1988, it’s mandatory for all car proprietors to have at least a third-celebration car insurance cover.

Car Insurance Companies

Choosing the pinnacle car coverage corporation is similarly demanding as buying a nice automobile for the first time. Sometimes you tend to buy automobile coverage from an insurer that confuses you, which in turn, can reason a severe problem.

In phrases of choosing the top vehicle insurance companies in India, the wisest decision is to constantly make your self acquainted with the distinctive vehicle coverage schemes that are available in the market evaluate them on the idea of your motive and necessities that satisfy your insurance needs. To make this venture a bit easier, I’m supplying you with the names of pinnacle 10 first-rate automobile coverage corporations in India for the 12 months 2019.


1. ICICI Lombard General Insurance Company Limited

ICICI Lombard General Insurance Company is undoubtedly one of the top personal trendy insurance corporations in India. It’s a puppy challenge of ICICI Bank. ICICI Lombard General Insurance has a stronghold within the insurance marketplace, especially for vehicle insurance. These are the reasons why ICICI Lombard is in the top 10 car insurance corporations in India in 2019. ICICI Lombard General Insurance Company merchandise was meticulously designed to satisfy the needs of clients from both rural and urban populace. The agency offers covers for personal, enterprise and venture liabilities too. Car insurance from ICICI Lombard offers the following benefits and coverage options:

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  • Damage or loss to the automobile due to diverse natural calamities.
  • Damage or loss to the automobile due to various guy-made calamities.
  • The business enterprise offers 6 months of great assurance on all repairs with their automobile coverage plans.
  • Third-Party Legal Liability is protected.
  • Ensures you an easy experience on account that you may avail of cashless repair for the duration of a wide community of garages.
  • The company offers an easy and hassle-unfastened vehicle insurance declare agreement system.
  • Personal Accident Cover is also supplied.
  • Free select-up, wash advantage and towing facility, etc are provided at the selected network garages.
  • Reimbursement may be claimed if the car is repaired in a garage out of doors the purview of ICICI Lombard’s network.

​2. Bajaj Allianz General Insurance Company Limited

Bajaj Allianz General Insurance Company is some of the pinnacle 10 great vehicle coverage organizations in India. Bajaj Allianz is essentially a joint business enterprise among Bajaj Finserv Limited and Allianz SE. Bajaj Allianz commenced its operations in the year 2001. The employer has its places of work placed in greater than 2 hundred towns and cities throughout India.

Bajaj Allianz General Insurance Company caters to the man or woman insurance necessities of clients. The organization offers you a number of coverage products. Bajaj Allianz has a big client base in India, which makes them one of the exceptional automobile insurance organizations in India in 2019.

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The organization has advanced technologically state-of-the-art systems like mobile and digital programs to deliver the public needs. As a general coverage enterprise, Bajaj Allianz takes satisfaction in handing over sky-scraping costs to its clients. The vehicle coverage regulations on gives from Bajaj Allianz include some of blessings and coverage like:

  • The insurance firm gives 24×7 Roadside Assistance facilities.
  • The organization helps you to transfer 50% of No Claim Bonus (NCB) from another car insurer.
  • Bajaj Allianz has an extensive variety of cashless garage network with 4000+ garages across India.
  • It comes with the option of availing vehicle tracking devices via precise DriveSmart Telematics Service from Bajaj Allianz.
  • As one of the rider options, Bajaj Allianz car insurance comes with Zero depreciation cowl.
  • You can avail cashless claim agreement services at 4000+ favored community garages throughout India.
  • Based at the requirement and when liability is above a sure restriction you could get hold of seventy-five % on account payment facility.
  • Towing Facility is provided by using the enterprise within the occasion of a coincidence or an automobile breakdown.

3. Tata AIG General Insurance Company Limited

Tata AIG General Insurance Company Limited is largely a joint enterprise corporation among the Tata Group and American International Group (AIG). Tata AIG began its operations in the year 2001. The company provides a large variety of popular coverage products for business and private requirements all over India.

Different insurance merchandise Tata AIG General Insurance includes Personal Accident, Marine Cargo, Liability, Extended Warranty, Travel, Rural-Agriculture Insurance, and so on. The organization is powered by means of 2,500+ employees and 9,400+ sellers to serve the public national. Tata AIG General Insurance offers its coverage offerings in 98 locations with 152 branches spanning across the USA. All of those factors supply Tata AIG General Insurance Company a niche the various pinnacle car insurance agencies in India in 2019.

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Tata AIG essentially gives 5 plans with their car coverage segment:

  • Liability Only Policy
  • Auto Secure-Two Wheeler Package Policy
  • Auto Secure-Private Car Package Policy
  • Long-Term Two Wheeler Package Policy
  • Auto Secure-Commercial Vehicle Package Policy
  • You can freely pick from someone of the above-cited car insurance rules that suit your insurance necessities.

4. HDFC ERGO General Insurance Company Limited

HDFC ERGO General Insurance Company is a general coverage firm primarily based in India. It’s basically a joint business employer among HDFC Ltd and ERGO International AG. The organization provides you with a wide range of insurance merchandise like journey insurancecar insurance, home insurance, and so on. That offers coverage for both business and personal coverage wishes.

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HDFC ERGO has a growing community with 108 branch workplaces spanning across ninety-one towns all over India. The agency has a strong worker base of 2000 to serve the customers with the best coverage merchandise and offers. Above and beyond the hired income pressure, HDFC ERGO General Insurance Company has shops, agents and company retailers to extend the firm’s offerings to the clients. The enterprise has launched a mobile app that could help in quicker communication and makes it less difficult for the customers’ to attain an organization guide.
The automobile coverage policies on offers from HDFC ERGO have a number of precise function and benefits including:
The enterprise offers round-the-clock help each day of the week in the course of the complete yr. Offers cashless declare settlement carrier through four,800+ authorized garages related to HDFC ERGO.

In phrases of purchasing automobile insurance HDFC ERGO requires paperless/0 documentation.

5. The New India Assurance Co. Ltd.

The New India Assurance Co. Ltd is largely a multinational standard coverage business enterprise. It operated in 28 nations internationally. New India Assurance has its head office in Mumbai, India. New India Assurance is one of the oldest trendy coverage corporations in India this is owned and operated by way of the authorities of India.

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New India has been working for over 40 years. New India has a big client base and operates from 2,452 places of work comprising of 1,339 micro workplaces spanning throughout India. New India guarantee has 17,702+ dedicated personnel to serve the public with first-class insurance solutions. New India Assurance has more than 230 coverage products on offer for their clients. The automobile coverage plans from New India provide a complete cowl from all the elements of a car insurance policy.

6. Oriental Insurance Co. Ltd.

Oriental Insurance Company Limited started its operations in Mumbai, India in September 1947. Since OICL is one of the pioneers within the insurance region, the organization has the company has an extraordinary client base. Oriental Insurance Company Limited is a public area farm this is owned and operated by means of the Central Government of India.

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The insurance merchandise on provides from Oriental Insurance cater to the requirements of each urban and rural populace. Oriental Insurance has its headquarters in New Delhi. Oriental Insurance has 31 regional offices and 1800+ micro places of work throughout India.
Oriental Insurance Company gives automobile insurance policies for each non-public and business vehicles. The package vehicle coverage plan from OICL offers a number of specific capabilities and blessings.

7. Bharti AXA General Insurance Company Ltd.

With 79 offices working throughout India, Bharti AXA General Insurance has a large purchaser base. Bharti AXA has issued close to nine. Eight million insurance guidelines. The business enterprise has also settled around 1.Three million claims in overall, as of October 2017.

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In essence, Bharti AXA General Insurance Company Ltd. Is a joint enterprise partnership between Bharti Enterprises and AXA. The organization began its operations within the yr 2008. Bharti AXA offers with complete and modern coverage answers for numerous sectors like fitness, home, car, and many others. The employer also offers 24X7 claims assistance to their national clients’. Some of the key capabilities of Bharti AXA automobile coverage contain:
A widespread cashless storage facility with 2,500+ registered garages all over India.

It comes with unique add-on covers like Zero Depreciation Cover, No-Claim Bonus Protector and so on.

Bharti AXA General Insurance offers a brief and trouble-loose declare agreement

8. United India Insurance Co. Ltd.

United India Insurance Company Limited began its operations in India in February 1938. With over 1300 offices, the employer has a strong base in India in phrases of imparting high-quality coverage answers.

United India has a huge hard work pressure of round 18, three hundred employees. The corporation is one of the maxima depended on coverage providers with a client base of mammoth 1 Crore policyholders inside u. S. A .. United India Insurance Company additionally has micro workplaces spanning at 2 hundred+ tier II and III towns and villages to serve the rural populace. The vehicle insurance policies from United India have the subsequent key functions like:

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United India gives essentially forms of automobile coverage plans: Package Plan and Liability Plan.

The company gives a trouble-loose and smooth documentation method.

You can avail appealing discounts at the side of the No Claim Bonus (NCB).

9. Reliance General Insurance Company

Reliance General Insurance Company in India the very first insurer to get hold of the ISO 9001:2000 certificates for supplying stop-to-give up offerings of diverse popular insurance products supplied all over India. There are some special capabilities of advantages that can be presented with Reliance General Car insurance plans.

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  • Reliance General has a big community of cashless garages with extra than 3800 garages all over India
  • Reliance General gives instantaneous renewal of car coverage without any office work
  • 24×7 Roadside Assistance is furnished by using the agency
  • Comes with comprehensive vehicle coverage cover
  • Let’s you select from some of the powerful Add-on covers to enhance your safety​​​

10. Universal Sompo General Insurance Company Limited

Universal Sompo General Insurance Company is largely a made of a joint commercial enterprise corporation between the Indian banks viz. Karnataka Banka, Allahabad Bank, and Indian Overseas Bank, Dabur Investments which is a funding agency and the Sompo Japan Insurance Company, a Japanese insurance organization. Universal Sompo General Insurance Company has its headquarters at Mumbai, India. You go along with this corporation to your car coverage requirements in 2019 to avail the under-referred to blessings:

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  • Availability of non-obligatory insurance for the personal twist of fate to the occupants of the insured vehicle, add-ons loss and so on.
  • Availability of non-compulsory insurance for the paid drivers
  • Universal Sompo General Insurance has a licensed network of garages across India from in which you could avail cashless claim settlements.
  • The organization gives 24×7 customer support. The customer service makes certain that every one purchaser’s worries and queries are solved the quickest time feasible.
  • The enterprise gives consumer steering via the web and SMS services.
  • The agency offers some discounts beneath certain phrases and conditions.
  • Final Say:

The above list of the top 10 automobile insurance businesses in 2019 has to make your activity of choosing the high-quality automobile insurance organization easy, less difficult and trouble-free. However, it’s really useful to evaluate car insurance plans from these pinnacle automobile insurance companies in 2019. It’s your proper to avail the first-class vehicle coverage and therefore you need to make sure which you move in any intensity to avail the identical. So, permit 2019 to be your yr and avail the excellent safety from the top automobile insurance groups in India in 2019.


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