Top 10 Car Insurance Companies in India 2017|Best Policies for Car Insurance

Top 10 Car Insurance Companies in India 2017

Top 10 Car Insurance Companies in India 2017Are you planning to buy new car this year??? Protective cover for your car is of utmost importance as incidents of road-mishaps are prevalent in India. Here, we are listing Top 10 Car Insurance Companies in India 2017 by which you may get your car insured. Driving without valid car insurance is illegal in India.  Make this New Year splash as Best Policies for Car Insurance will provide shield to your car. Choose the best car within your budget but along with it, look at the top car insurance providers operating in India to insure your car. Check Out Car Insurance Companies In India through below this page.

In every single hour, you have no idea Indian roads claimed more than 16 souls. Wanna avoid these accidents??? Rash driving and unnecessary speeding is the ultimate cause of these road mishaps. These best policies for car Insurance provides benefit to survivor when an accident result in death. It is highly recommended to keep your new car safe by extending coverage. Here we are providing insurance companies for cars , So check out from below this page. You can claim bonus as per the terms and conditions of the agreement. Just have a look on the Top 10 Car Insurance Companies in India 2017 which are listed below.

Top 10 Car Insurance Companies in India 2017

  1. National Insurance Company Ltd.(NIC)
  2. Tata AIG General Insurance
  3. ICICI Lombard Motor Insurance
  4. Bajaj Allianz General Insurance
  5. Reliance General Insurance Company
  6. HDFC ERGO General Insurance Company
  7. United India Car Insurance
  8. Oriental Insurance Company Ltd
  9. Royal Sundaram General Insurance
  10. Universal Sompo General Insurance
Best Insurance Companies For Cars
  1. National Insurance Company Ltd.(NIC)

In India, National Insurance Company Limited in the best insurance companies list. It is a state owned general insurance company headquartered in Kolkata. It was established in 1906 and nationalized in 1972. It provides the best safest insurance to your car. National car Insurance was ranked second amongst the various motor insurance companies in India.

It highlights the following features

  • Awarded with Business Leadership Award, 2012
  • Honored with Digital Inclusion Awards 2012
  • Wide array of mishaps and possibilities covered
  • Third property damage upto 7.5 Lakh
  • Incurred Claim Ratio of 69.35%
Founded 1906
Headquarters Kolkata, India
Area served South Asia
Key people K Sanath Kumar
Products Insurance
Total assets 88.67 billion(US$1.3 billion)
Owner Government of India
Number of employees approx. 16000
  1. Tata AIG General Insurance

Tata AIG General Insurance is the best car insurance company which was founded in 2001. Its headquartered located in Mumbai. Private cars, commercial vehicles, two wheelers and second-hand cars are provided shelter under it. Tata Sons owned 74% of the stake while remaining 26% of the stake is owned by American International Group. It has maintained a record of around 11.22 million policies which are issued and around 6.44 million claims settled.

It highlights the following features

  • Accident-repair warranty is available for up to 6 months.
  • You will be amazed to know pick-up of the cars is provided without any charge.
  • In only 7 days, the claim is settled without any inconvenience.
  • 12 unique add on covers are also included for your utmost safety.
  • Safety is considered the top most factors under it.
Industry Insurance
Founded 2001
Headquarters Mumbai, India
Key people Neelesh Garg(CEO)
Services General insurance
Parent Tata Sons (74%)
American International Group (26%)
  1. ICICI Lombard Motor Insurance

ICICI Lombard Motor Insurance Company was founded in 2001. Its headquartered is located in Mumbai, India.  It is a joint venture between ICICI Bank Limited which is India’s second largest bank with total assets of over USD 100 billion.

It highlights the following features

  • It has near about 3300+ network garages across India.
  • You can avail the benefit of wide range of add-on covers.
  • Immediate issue of e-policy online is also included for convenience of customers.
  • Provides best policies for car insurance.
  • Much applauded customer support is also provided under it.
  • Claim process is very convenient and suitable.
Founded 2001
CEO Bhargav Dasgupta
Executive director Sanjeev Mantri
Managing director Bhargav Dasgupta
Chairperson  Chanda Kochhar
Parent organizations ICICI Bank, Fairfax Financial
  1. Bajaj Allianz General Insurance

Bajaj Allianz General Insurance it is the list of Car Insurance Companies. It was founded in 2001 with its headquartered in Pune, India. The company is a joint venture between Bajaj Finserv Limited (owned by the Bajaj Group of India) and Allianz SE, (a European financial services company). Enjoy the benefit of best policies for car insurance with Bajaj Allianz General Insurance. for more info about insurance companies in india 2017, check out complete page.

It highlights the following features

  • Towing facility is available if a car gets damaged due to an accident.
  • Policyholders may get their cars inspected at selected workshops. With addition to this, they may avail high standard service.
  • From their previous car insurance providers, policyholders are entitled to shift 50% of their existing No Claim Bonus.
  • For cashless claims, more than 1500 ideal garages are provided. In case cashless facility is unavailable,  75% on account payment facility is provided to policyholders.
Founded 2001
Headquarters Pune, India
Area served Worldwide
Key people Tapan Singhel (MD and CEO)
Revenue INR 59 billion (FY 2015-2016)
Net income 6 billion (US$89 million)
Parent Bajaj Finserv, Allianz SE
  1. Reliance General Insurance Company

Reliance General Insurance Company founded in August 2000 after obtaining license from IRDA. It has aroundr139 offices and more than 12,000 intermediaries across India. It has honored with ISO 9001:2000 certificates. It provides Motor, Car, Two wheeler Insurance etc.  You can buy your policy online conveniently through payment options like Paytm, Net Banking, Debit/Credit card etc.

It highlights the following features

  • No-Claim Bonus facility in which they can earn after making a reasonable claim is provided to policy holders.
  • Avail the benefit of up to 60% discount on Car Insurance.
  • Customized add-on covers is also included in the car policy to provide best security.
  • In order to avail the benefit of cashless service, near about 2300 garages are opened.
  • In case of any mishappening around the roadside, assistance is provided which is without paying a single amount.
Founded 1986
Headquarters Mumbai, India
Founder Dhirubhai Ambani
Key people Anil Ambani
Revenue 75.44 billion (US$1.1 billion) (2014)
Parent Reliance Anil Dhirubhai Ambani Group
  1. HDFC ERGO General Insurance Company

HDFC ERGO General Insurance Company was founded in 2002. Its headquartered is located in Mumbai. It is a joint venture between HDFC Ltd. and ERGO International AG, a Germany-based company. Just compare premium & coverage to buy the best policy for your car.   HDFC ERGO polices online reviews & claim is also available for your convenience.

It highlights the following features

  • Here, it is very easy to register as it involves a least number of documents which are required.
  • Avail the benefits of lump sum discount offers on the best car policies available here.
  • To deal in cashless claims, near about 3000 garages are provided here.
  • It offers convenient payment option, Theft and damage coverage, Personal accident coverage and Cashless claim service.
  • Instant e-policy and Personal Accident policy which provides 24X7 global coverage are the best policies for car insurance.
Founded 2002
CEO Mr. Ritesh Kumar
Headquarters Mumbai
Managing Director Mr. Ritesh Kumar
Company Secretary Mr. Dayananda V. Shetty
  1. United India Car Insurance

United India Car Insurance Company was incorporated on 18 February 1938 and nationalized in 1972. It is one of the leading general insurance segments in the Asian continent. The net worth of United India Insurance was 5407 crores which is the result of its continous efforts and success.  In 2013-14, the profit was near about 528 crores which is a great achievement for the company.

It highlights the following features

  • Just download the app for renewing your policy on time.
  • United India Car Insurance Company has reach across various countries in India.
  • Package policy and Liability policies are the various form of this best insurance policy.
  • Cashless claims, Instant policy online with best insurance coverage are offered under this Car Insurance Company.
Founded 1938
Headquarters Chennai, India
Area served India
Key people Shri A. Hoda
Products Insurance
Owner Government of India
  1. Oriental Insurance Company Ltd

Oriental Insurance Company Ltd is a public sector best insurance company with its headquartered in New Delhi. In financial year 2013-2014, the company has earned a gross premium of Rs. 7282.54 crores. It has over 1800 offices and more than 14,000 employees across India. “Service to Clients” and “simplicity” is praised due to its best options for customer support.

It highlights the following features

  • It has across more than 1800 active branches in India which shows its continous growth rate.
  • You can buy or renew policy online anytime, anywhere with ease of expert customer support.
  • Don’t worry about the claim settlement issue as it has maintained excellent record in it.
Founded September 12, 1947
Headquarters New Delhi, India
Key people Mr.Balwant Singh, Mr. Gopa Kumar
Owner Government of India
  1. Royal Sundaram General Insurance

In October 2000 private sector, Royal Sundaram General Insurance came up as the first insurance company licensed from the Insurance Regulatory and Development Authority of India. In order to sell its retail insurance products, it joins hands with various banks. Look at the unique features which make it different from others as a prominent car insurance provider.

It highlights the following features

  • Policy holders may get helpline 24X7 related to settlement of their claims.
  • In case of a road mishap, personal relationship manager is there to help and support you related to matters of claims.
  • In case of emergency, Assistance for Roadside is available 24×7.
  • Quick approval is obtainable if encounter with an accident to get all the car damages repaired.
Founded 2000
Headquarters Chennai,  India
Key people Mr MS Sreedhar, MD
Parent Sundaram Finance Group
  1. Universal Sompo General Insurance

The first Public Private Partnership in Indian General Insurance Industry is the Universal Sompo General Insurance. The company starts its operations after obtaining Registration Certificate and license from IRDA in the November 2007. Don’t miss the insurance cover offered by it. “Complete roadside assistance program” is covered under it.

It highlights the following features

  • For claim free policy year, high amount of voluntary excess, membership of Automobile Association etc. various discounts offers are available.
  • For special designed vehicles, Concessions are provided to handicapped, blind people and mentally disabled child.
  • Damaged parts which need quick replacement, proper depreciation value is considered.
Founded 2007
Headquarters Mumbai, India
Area served India
Key people Mr Rajiv Kumar (Managing Director & CEO)

Factors To Be Kept In Mind While Buying Insurance Cover

  • Understand all terms and conditions
  • Compare and choose the best
  • 24X7 complete roadside assistance
  • Legal Protection
  • Look for discounts
  • Repair or Replace condition
  • Stress relief terms

Hope, you get all desired information about Top 10 Car Insurance companies in India 2017.  Select the Best Policies for Car Insurance which not only provides security coverage but free roadside assistance also. For more updates, stay tunned with our web portal

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