India Motor Insurance Market Share

Market Share of India Motor Insurance Industry

The Indian Motor Insurance Market is highly competitive with major global players. The market has observed a competitive environment with multiple players holding a significant share. Some players include The New India Assurance Co. Ltd., HDFC ERGO General Insurance Company Limited, Tata AIG General Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, and ICICI Lombard General Insurance Company Limited, among others. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.

India Motor Insurance Market Leaders

1. The New India Assurance Co. Ltd.

2. HDFC ERGO General Insurance Company Limited

3. Tata AIG General Insurance Company Limited

4. Bajaj Allianz General Insurance Company Limited

5. ICICI Lombard General Insurance Company Limited

*Disclaimer: Major Players sorted in no particular order