Insurance

Top 5 Trusted Vehicle Insurance Companies in India (2021)

Although there are hundreds of companies in the market that provides insurance for your vehicle it is very time-consuming for you to choose which among them is best for you, that is why we have shout listed,
The Top 5 Trusted vehicle Insurance Companies in India 2021 for you:

 

1. Tata AIG General Insurance Company Limited:

Tata AIG General Insurance Company Limited

Tata AIG General Insurance Company Limited is an Indian general insurance company
It is a joint venture between the Tata Group and American International Group.
Tata Group holds a 74% stake in the insurance venture with AIG holding the balance of 26%.

Founded 2001
CEO Neelesh Garg
Headquarters Mumbai
Parent companies Tata Sons (74%), American International Group (26%)
Personal accident coverage up to 15 lakh rupees
Incurred claim ratio up to 70%
Joint Venture Tata Group and American International Group

2. HDFC ERGO General Insurance Company:

HDFC ERGO General Insurance Company

HDFC ERGO  is a collaboration between two companies HDFC and ERGO Internation where Hdfc holds 51 % and Ergo International holds 49% of the companies together Ergo of Munich Re a Germany-based insurance operating company.

Founded 2002
CEO Ritesh Kumar
HQ Mumbai
Parent companies Housing Development Finance Corporation, Ergo Group.
Personal accident coverage up to 15 lakh rupees
Incurred claim ratio up to 82%
Joint Venture Hdfc holds 51 % and Ergo International holds 49%

3. New India Assurance:

New India Assurance

The New India Assurance Co. Ltd. is a public sector general insurance company of India. “It is the largest general insurance company of India based on gross premium collection inclusive of foreign operations”

Founded 23 July 1919, Mumbai
CEO Atul Sahai
Founder Dorabji Tata
HQ  Mumbai, Maharashtra
Subsidiaries Prestige Assurance
Personal accident coverage up to 15 lakh rupees
Incurred claim ratio up to 103.19

4. The Oriental Insurance Company:

The Oriental Insurance Company

The Oriental Insurance Company Ltd. is a public sector general insurance company of the Government of India. It has 31 regional offices and more than 1800 active branches across the country. The company also has branches in Nepal, Kuwait, and Dubai.
Total assets: 11,581.63 crores

Founded 12 September 1947
Owner Government of India
HQ New Delhi
CEO Girija Kumar
Subsidiary The Oriental Insurance Company Limited
Personal accident coverage up to 15 lakh rupees
Incurred claim ratio up to 112.60%

5. Bharti Axa General Insurance:

Bharti Axa General Insurance

Bharti Axa General Insurance Company Ltd.
It is a joint venture between Axa and Bharti business Group that operates in India.
Bharti shares 51% Axa Group shares 49%.

Founded 2008
CEO Sanjeev Srinivasan 
HQ Mumbai
Parent companies Bharti Enterprises (51%), Axa (49%)
Personal accident coverage up to 15 lakh rupees
Incurred claim ratio up to 75%.

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