Car Insurance Companies List In India 2020

A car insurance helps you get mitigate financial obligations which may arise due to an unfortunate event involving your car such as a road accident, fire, theft, natural calamities, etc. As per the Indian Motor Tariff, every car owner is legally required to have at least a third party car insurance cover for being able to drive their car on Indian roads. Currently, there are 25 insurance companies in India which offer car insurance.

5 Best Car Insurance Companies In OD Claim Settlement

Insurance company

Claim Settlement Ratio for FY 2017-18

IFFCO Tokio

96.52%

Royal Sundaram

94.96%

New India

93.96%

Tata AIG

91.52%

Bajaj Allianz

91.46%

Source: IBAI’s General Insurance Claim Insights Handbook For Policyholders - 3rd Edition.

5 Best Car Insurance Companies In TP Claim Settlement

Insurance company

Claim Settlement Ratio for FY 2017-18

Oriental Insurance

40.79%

New India

40.08%

IFFCO Tokio

36.83%

Bharti AXA

36.05%

Cholamandalam

33.93%

Source: IBAI’s General Insurance Claim Insights Handbook For Policyholders - 3rd Edition.

OD Claim Settlement Ratios of Other Insurers

Insurance company

CSR: Motor OD Policy for FY 2017-18

Oriental Insurance

91.34%

Universal Sompo

90.63%

Future Generali

89.40%

HDFC ERGO

89.23%

SBI General

88.76%

Bharti AXA

88.54%

Liberty

87.96%

ICICI Lombard

87.65%

United India

85.37%

Cholamandalam

84.75%

Reliance

82.93%

Kotak Mahindra

80.82%

Shriram

78.78%

Magma HDI

77.89%

National Insurance

71.46%

Source: IBAI’s General Insurance Claim Insights Handbook For Policyholders - 3rd Edition.

TP Claim Settlement Ratios of Other Insurers

Insurance company

CSR: Motor OD Policy for FY 2017-18

Royal Sundaram

30.57%

Magma HDI

27.56%

SBI General

26.99%

Shriram

26.90%

Tata AIG

26.37%

United India

25.24%

HDFC ERGO

23.27%

Universal Sompo

22.75%

ICICI Lombard

20.82%

Future Generali

20.04%

Reliance

18.32%

Bajaj Allianz

18.20%

National Insurance

15.44%

Liberty

15.44%

Kotak Mahindra

10.14%

Source: IBAI’s General Insurance Claim Insights Handbook For Policyholders - 3rd Edition.

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Car Companies User Reviews

What users are saying
  • I liked the policy benefits

    I thank the team at InsuranceDekho for suggesting me buy Raheja QBE’s car insurance policy for my Hyundai Cret...

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    Raheja Qbe
    By Manik Jain
    On: 24th September, 2020
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    I contacted IncuranceDekho’s team to buy Edelweiss’ car insurance policy for my Chevrolet Tavera car. I read a...

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    H
    Edelweiss
    By Harshit Goel
    On: 24th September, 2020
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    Last week I purchased Acko’s car insurance policy for my Chevrolet Spark car online at InsuranceDekho. The b...

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    T
    Acko
    By Tamanna Aggarwal
    On: 24th September, 2020
  • Thanks for help in claim settl...

    I really want to thank the team at InsuranceDekho who helped me make a claim under my Universal Sompo car insu...

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    Universal Sompo
    By Jyoti Arora
    On: 24th September, 2020
  • Great suggestion from the cust...

    I shared my requirements and budget with the customer care executives at InsuranceDekho and they suggested tha...

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    P
    Shriram
    By Prakriti Garg
    On: 24th September, 2020

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