Top 5 auto insurance companies in India
Owning a car is a dream of everyone. But after buying your dream car its quite tough to keep it secure every time while it’s moving on the roads.
Sometimes your Car damage cost in thousands. And you can’t bare regular expenses and big crises in your vehicle.
One day you found that your vehicle is not available in its parking area! Means someone has stolen your Car.
So ‘How can you keep your vehicle secure from damage and theft?
There are many auto insurance companies in India which provide some auto insurance policies for keeping your Vehicle safe and secure.
These policy covers costs if your car is stolen or damaged outside of an accident. Here we are sharing the 5 best auto insurance companies in India
Auto Insurance Companies
ICICI Lombard General Insurance Limited:
ICICI Lombard Company is a joint venture between India’s 2nd largest bank ICICI Bank Limited and Canada Based financial company Fairfax Financial Holdings Limited.
With assurance products including Car Insurance, Health Insurance, Overseas Students, Travel, Two Wheeler, Home and Weather insurance.
ICICI Lombard General Insurance Company Limited is the largest Private Sector Insurance Company In India.
Established in 2001, ICICI Lombard has 257 branches spread across the Country.
HDFC Ergo Motor Insurance:
HDFC Ergo Motor Insurance Pvt Ltd is a joint venture between HDFC Bank Limited and ERGO International AG, a Germany-based company.
The Company was incorporated in 2002 and with approx 110 branches and 2000 employees company is working in 90 Cities in India.
Company insurance products include health insurance, motor, travel, personal accident insurance, home insurance, commercial insurance and rural insurance.
Bharti Axa General Insurance:
Bharti AXA General Insurance Company Ltd is a joint venture between Bharti Enterprises and AXA business Group that operates in India.
The Company started its operations in India from August 2008. Currently, it has 59 branches around the country.
The company offers general insurance products to retail and commercial clients.
Primary Company offers general insurance products in the domestic category include car insurance, two wheelers, health, personal accidental insurance, home insurance, and travel insurance.
Bajaj Allianz Insurance:
Bajaj Allianz General Insurance Limited is a private insurance company in India.
The Company was founded in 2002 as a joint venture between Bajaj Finserve Limited India and Allianz SE, a European financial services company.
The Company is headquartered in Pune with offices in over 200 cities in India and more than 4000 employees as of 2016.
Presently the company is dealing in leading insurance products include life insurance, car, term, travel, ULIP, and health insurance.
National Insurance Company Limited:
The leading state-owned general insurance company in India.
National Insurance Company Limited was established in 1906 in Kolkata and become Nationalized in 1972.
Being a leader in nationalized insurance company NICL is also working in neighbor Country Nepal.
And the company is wholly owned by Govt of India.
With almost 2000+ branches and 20000 skilled employees and trend Agents, NICL is providing all type of General & Life insurance services Included Car insurance, personal, fire, health, term insurance, savings & retirement plans etc.
Oriental Insurance Company Ltd:
The Oriental Insurance Company Ltd is a public sector General Insurance company in India.
The company headquarters is located in Delhi with approx 1750+ branches in across the India.
Till the 2003 Oriental insurance was working as a part of another Leading Insurance Company General insurance Company Limited.
But in 2003 Indian Government acquired it and made it the Govt. owned General Insurance company.
Oriental Insurance Company also has branches in Nepal, Dubai & Kuwait.
TATA Aig Insurance Company Limited:
TATA Aig Insurance Company is a private sector general insurance company in India. The company is a joint venture between the Tata Group and American International Group (AIG).
The company was established in 2002 and it’s headquarters located in Mumbai.
With More than 2500 employees company is providing its services in approx 180 cities in India.
The company offers a range of general insurance products, Including insurance for automobile, home, personal accident, travel, energy, marine, property, and casualty.