Best's Review

AM BEST'S MONTHLY INSURANCE MAGAZINE



Best's Rankings
Largest 30 India Insurers — 2022 Edition

Insurers were ranked by 2020 gross premiums written.
  • January 2022

(US$ thousands)

Rank Company Gross
Premiums
Written
Capital
& Surplus
1 Life Insurance Corporation of India 55,068,779 868,553
2 SBI Life Insurance Company Ltd. 6,862,207 1,420,180
3 General Insurance Corporation of India 6,419,814 6,996,758
4 HDFC Life Insurance Co. Ltd. 5,268,576 1,179,481
5 ICICI Prudential Life Insurance Co. Ltd. 4,879,325 1,245,256
6 New India Assurance Company Limited 4,512,487 5,145,356
7 Max Life Insurance Company Limited 2,596,894 410,723
8 United India Insurance Company Limited 2,302,529 937,573
9 National Insurance Company Limited 1,983,054 389,402
10 ICICI Lombard General Insurance Co. Ltd. 1,955,441 1,108,238
11 Oriental Insurance Company Limited 1,797,901 1,065,448
12 Bajaj Allianz General Insurance Company 1,723,859 1,027,465
13 HDFC ERGO General Insurance Co. Ltd. 1,699,219 444,273
14 Bajaj Allianz Life Insurance Company Ltd. 1,641,992 1,465,926
15 Tata AIA Life Insurance Company Limited 1,516,399 295,049
16 Kotak Mahindra Life Insurance Co. Ltd. 1,515,735 552,344
17 Aditya Birla Sun Life Insurance Co. Ltd. 1,334,807 327,478
18 Star Health and Allied Insurance Co. Ltd. 1,282,005 476,838
19 Tata AIG General Insurance Company Ltd. 1,170,799 474,726
20 IFFCO TOKIO General Insurance Co. Ltd. 1,164,006 379,200
21 Reliance General Insurance Company Ltd. 1,147,758 281,112
22 SBI General Insurance Company Limited 1,134,949 384,466
23 PNB MetLife India Insurance Company Ltd. 823,781 194,140
24 Canara HSBC Oriental Bank Com Life Ins. 698,594 174,014
25 Reliance Nippon Life Insurance Co. Ltd. 646,762 187,317
26 Cholamandalam MS General Ins Co. Ltd. 600,856 261,014
27 IndiaFirst Life Insurance Company Ltd. 553,779 105,898
28 Future Generali India Insurance Co. Ltd. 532,396 155,425
29 Exide Life Insurance Company Limited 453,995 164,826
30 Go Digit General Insurance Limited 442,885 167,934

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