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General Insurance is a system of insurance service that doesn’t include life insurance and consist of homeowners and automobile policies, offer payments regarding loss from a specific financial incident. Similarly, general insurance companies in India refer to non-life Insurance, casualty insurance, and property insurance in various places.

The general insurance companies In India provide cover for incidents like

  1. Critical diseases,
  2. Natural calamities,
  3. Agricultural safety,
  4. Vehicle accidents,
  5. Loss of luggage during a tour,
  6. Business losses,
  7. And several such dangers.

Mainly, one can buy these insurance policies by paying premiums either monthly or annually. After that, there are numerous types of insurance policies sharing similar schemes and services, which seem very confusing. Therefore below are the best general insurance companies in India, 2021

Importance Of General Insurance Companies In India

General Insurance is one of the best options for those who like to live their lives stress-free. Practically risk is with everything, so we need to secure everything we own. Some of the valuable possessions of our experience include home and business that expose to various kinds of risks.
So if you haven’t thought of securing your favorite possessions, then it is the right time to do so now.

Who Should Buy General Insurance?

Anyone who owns an asset can buy general Insurance to protect it against the perils like theft or fire. When it comes to buying a policy, the person should be the one who bears all the financial losses in any unseen event. It is known as insurable interest.

Sum assured is the amount insured by the policyholder. The policy should ideally cover the asset value, including the market value or the replacement cost to be lost or destroyed. The premium mainly depends on the sum assured. You can avail of any general Insurance based on your needs.

Best General Insurance Companies In India 2020-2021


The New India Assurance Company (NIA) was established by Sir Dorabji Tata in the year 1919 with its head office in Mumbai. It comes under the government of India and has been offering its services globally around 22 countries with 1600 branches. NIA is one of the leading insurance companies with services ranging from aviation, jewelry, oil and energy, satellites, petrochemicals, and various industrial divisions.


One of the oldest General Insurance companies in India, established in the year 1906 with its head office in Kolkata, West Bengal. Further, It offers complete insurance cover from natural calamities to rural and urban businesses and households. The company has recently won the Best Auto Insurer Award and became the best car insurance company in India, 2017.


The Oriental Insurance Company has its headquarters in New Delhi. The company is in the insurance sector since 1947. The company offers its services to various organizations like petrochemical, steel, chemical, and power plants. Moreover, all these could range from small-scale to medium or even large scale industries from rural to urban areas. Therefore, it is one of the best general insurance company in India for agents.


The company has been offering its services in this sector since 1938 with a head office in Chennai. It provides insurance covers ranging from small-scale businesses to large-scale organizations.

For example, Tirumala Tirupati Devasthanam, GMR –Hyderabad International Airport, ONGC, etc.

5. Bajaj Allianz General Insurance

Bajaj Allianz was established in the year 2001 by the joint venture between Bajaj Fishserve Limited and Allianz SE. The services offered are IRDA Certified and eventually ranges among the top 10 general insurance companies in India as per IRDA.

It includes schemes like health insurance that consists of Star Package, Health-Guard, Personal Guard, and hospital cash. Importantly, it also offers a special travel insurance scheme called “Pravasi Bharati Bima Yojana”.


The company is a joint venture of ICICI Bank, And Fairfax Financial Holdings Ltd. IT Services provides covers for Insurance related to automobile insurance, health care, and business protection. Moreover, it is a reputed company in the private sector for general Insurance.


Tata AIG General Insurance Company, with its headquarters in Mumbai, was founded in the year 2001 after uniting with the American International Group. Ultimately, it ranges among the best general insurance company in India, 2018.

Further, it is well known for providing services like Home Insurance, Travel Insurance, Lifestyle Insurance, Health Insurance, and Motor Insurance. Besides, it has a special feature known as private Client Group (PCG). Mainly, these features provide services for artists, Entrepreneurs, and royal families.


The HDFC General Insurance Company is a wing of HDFC EGRO in the year 2016. It merged into L&T General Insurance. Firstly It has won various awards like the product of the year and brand excellence. Above all, it has a supreme, matchless reputation in the general insurance market in India as well as globally. Hence, it comes among the top 20 general Insurance companies in India.


Reliance General Insurance is an auxiliary of Reliance Capital LTD. The services from general reliance insurance are not only about claims and premiums.

However, it offers services like Enlightening people to live a stress-free and healthy standard of living. Since 2001 it has been offering its services through 139 branches spread across 24 states all over India.


IFFCO Tokyo was established in the year 2000 and is a joint venture of Tokoyo Marine, Farmer fertilizers co-operative, and Nichido fire group, one of the biggest fire insurance group in Japan.

It provides a long list of Non-Life Insurance services ranging from Health, Home, Motor and Travel, etc.

NOTE – In short, the above General Insurance Companies in India 2020-2021 has a tie-up with udtapaisa.com. Moreover, if anyone wants excellent services regarding non-life Insurance can quickly contact Udta paisa for services.