Car insurance is a legitimate necessity. Anyone with a registered vehicle must have a motor insurance. Whether the vehicle is used for nonprofessional, commercial or personal purpose, every motorist must be insured. Car insurance companies use many different criteria when evaluating an insurance application during a process called underwriting. There are various companies are available in the India that provides car insurance to the peoples. Below listed are Top 10 best car insurance companies in India.
1. Tata AIG General Insurance Co. Ltd. :
Site : www.tataaiginsurance.in
This is one of the top most car insurance companies in all over the India. Tata AIG General Insurance Company provides non-life insurance solutions to individuals, groups and corporate houses in India.
2. Oriental Insurance :
It is regarded as the best car insurance company. Oriental Insurance is a specialist with regards to creating special covers for big projects such as power plants, chemical and steel plants, and petrochemicals.
3. ICICI Lombard
ICICI Lombard is a joint venture between ICICI Bank Limited, India’s second largest bank with USD 99 billion in assets.it is also an India’s second-largest bank. ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels.
4. Bajaj Allianz
Bajaj Allianz has received best rating, from ICRA Limited, an associate of Moody’s Investors Service for seven consecutive years. This rating indicates highest claims paying ability and a fundamentally strong position.
5. HDFC ERGO’s auto insurance
HDFC ERGO offers complete range of general insurance products ranging from Motor, Home and Personal Accident in the retail space. The policy would also cover your legal liability arising out of an Injury of a third party.
6. New India Assurance
New India Assurance Co Ltd, today, is a 100 % Govt. owned multinational general insurance company operating in 27 countries and headquartered at Mumbai, India.
7. Birla Sun Life Insurance
This is the most famous insurance company in India and is established in 2000.this company is a joint venture between the Aditya Birla Group, a well-known and trusted name globally amongst Indian conglomerates.
8. Bharti AXA Insurance
Bharti AXA Life is a life Insurance player that was started in 2006. This company offers a range of innovative products and services that cater to specific insurance and wealth management needs of customers.
9. United India Car Insurance
Millions of people around the country trust United India Insurance Car Insurance policy to insure their vehicle against all damages. At present, the company is providing insurance products in almost 200 tier I and tier II cities across the country.
10. Royal Sundaram General Insurance
Royal Sundaram Alliance Insurance Company Limited has been at the forefront of providing innovative insurance solutions for you, your family and business.it is one of the most respected non-banking financial institutions in India.