General Insurers Premium

Total General Premium

2020-2021

202122.3

In (cr.)

2021-2022

224002.85

In (cr.)

2022-2023

260327.81

In (cr.)

Company Type Category 2020 2021 2022 2023
Acko General Insurance Ltd. General Insurance Private 373.07422.39988.211509.41
Bajaj Allianz General Insurance Co. Ltd. General Insurance Private 12779.7712569.5313688.5915336.64
Bharti AXA General Insurance Co. Ltd. General Insurance Private 3134.243159.900
Cholamandalam MS General Insurance Co. Ltd. General Insurance Private 4398.494388.214824.126155.99
Edelweiss General Insurance Co. Ltd. General Insurance Private 146.36218.57348.88533.51
Future Generali India Insurance C. Ltd. General Insurance Private 3417.493835.234137.984546.24
Go Digit General Insurance Ltd. General Insurance Private 1767.862417.624673.946160.08
HDFC ERGO General Insurance Co. Ltd. General Insurance Private 9308.412295.113497.5516635.81
ICICI Lombard General Insurance Co. Ltd. General Insurance Private 13312.8414003.0917976.8721025.09
IFFCO Tokio General Insurance Co. Ltd. General Insurance Private 7961.048410.888452.919870.95
Kotak Mahindra General Insurance Co. Ltd. General Insurance Private 433.39543.99742.471134.09
Liberty General Insurance Ltd. General Insurance Private 1531.371445.711506.461957.33
Magma HDI General Insurance Co. Ltd. General Insurance Private 1224.771283.591757.172534.12
Navi General Insurance Ltd. General Insurance Private 243.07104.4106.5770.59
Raheja QBE General Insurance Co. Ltd. General Insurance Private 158.12272.22375.83379.94
Reliance General Insurance Co. Ltd. General Insurance Private 7465.048310.289408.9610339.01
Royal Sundaram General Insurance Co. Ltd. General Insurance Private 3666.962822.282866.593379.75
SBI General Insurance Co. Ltd. General Insurance Private 6796.978264.869166.2210828.4
Shriram General Insurance Co. Ltd. General Insurance Private 2466.192138.881752.952265.78
Tata AIG General Insurance Co. Ltd. General Insurance Private 7384.538042.0610024.9713176.01
Universal Sompo General Insurance Co. Ltd. General Insurance Private 2859.053052.163456.124103.09
National Insurance Co. Ltd. General Insurance Public 15312.8814185.7513076.8315205.85
The New India Assurance Co. Ltd. General Insurance Public 29715.0731573.4235515.9337482.04
The Oriental Insurance Co. Ltd. General Insurance Public 13996.0112747.4214020.4315992.61
United India Insurance Co. Ltd. General Insurance Public 17515.0916704.715722.2517644.31
Agriculture Insurance Co. of India Ltd. General Insurance Specialized 9361.2412052.5713940.2114619.79
Export Credit Guarantee Corporation of India Ltd. General Insurance Specialized 1075.471062.281106.621197.53
Aditya Birla Health insurance Co. Ltd. General Insurance Standalone Health Insurance 872.041300.641726.672717.03
Care Health Insurance General Insurance Standalone Health Insurance 2388.992599.753880.915141.53
HDFC ERGO Health Insurance Co. Ltd. General Insurance Standalone Health Insurance 2521.66000
ManipalCigna Health Insurance Co. Ltd. General Insurance Standalone Health Insurance 0755.49986.181359.79
Niva Bupa Health Insurance Co. Ltd. General Insurance Standalone Health Insurance 1242.891750.782809.974073.03
Reliance Health Insurance Ltd. General Insurance Standalone Health Insurance 5.990.010.020
Star Health and Allied Insurance Co. Ltd. General Insurance Standalone Health Insurance 6865.149388.5411463.4712952.47

Total General Insurers Premium

Total General Insurers Premium is an indicator of the yearly gross premium underwritten by general insurers in the country. Premiums collected by insurance providers in a financial year are the source of income for insurance providers which determines their ranking among other competitors.

According to the IRDAI report of 2022-23, the leading private, public, and stand-alone insurance providers in India are

  • ICICI Lombard General Insurance - INR 21,025.09 Crores (Private)
  • The New India Assurance - INR 37,482.04 Crores (Public)
  • Star Health and Allied Insurance - INR 12,952.47 Crores (Stand-Alone)