101 Top Indian Insurance Companies and Startups of 2021

July 2, 2021

This article showcases our top picks for the best Indian based Insurance companies. These startups and companies are taking a variety of approaches to innovating the Insurance industry, but are all exceptional companies well worth a follow.

We tried to pick companies across the size spectrum from cutting edge startups to established brands.

We selected these startups and companies for exceptional performance in one of these categories:

  • Innovation
    • Innovative ideas
    • Innovative route to market
    • Innovative product
  • Growth
    • Exceptional growth
    • Exceptional growth strategy
  • Management
  • Societal impact

Top Indian Insurance Startups

Data sourced from Crunchbase and SemRush.

MediBuddy

MediBuddy

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MediBuddy is a digital healthcare platform for inpatient hospitalization, outpatient services, and corporate wellness benefits.

RenewBuy

RenewBuy

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Simplest way to renew your car insurance. Get quote and insure your car in couple of minutes

RenewBuy

Axis Bank

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Axis Bank is a banking institution offering commercial, corporate and retail banking, and treasury operations.

RenewBuy

Plum

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High quality health insurance and health benefits

RenewBuy

Bimaplan

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Affordable Insurance for the next billion Indians

RenewBuy

MyMoneyMantra

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MyMoneyMantra is India’s largest phy-gital (physical-digital) consumer & business finance marketplace.

RenewBuy

Vivriti Capital

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Vivriti Capital is a marketplace for small enterprises and individuals that lack efficient access to financial services.

RenewBuy

Digit Insurance

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Digit Insurance is a financial services company that general insurance services.

RenewBuy

Turtlemint

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Turtlemint is an insurtech platform that identifies and purchases appropriate insurance policies for consumers.

RenewBuy

BankBazaar.com

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BankBazaar.com is a neutral online marketplace that gives instant customized rate quotes on loans and insurance products.

RenewBuy

SBI Life

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SBI Life is one of the life insurance company that offers a range of life insurance plans and policies to protect you and your family.

RenewBuy

Coverfox Insurance

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Coverfox Insurance is an insurtech platform that provides hassle-free online insurance broking services.

RenewBuy

True Balance

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True Balance is a digital wallet that enables users to access utility bill payment and other financial products.

RenewBuy

IDfy

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IDfy is a people information company helping companies combat fraud by providing services such as background verifications.

RenewBuy

Star Health and Allied Insurance

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Star Health and Allied Insurance provides affordable Medical Insurance, Accident Insurance, Travel Insurance Plans.

RenewBuy

Riskcovry

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Riskcovry is an “Insurance-in-a-box” model offers a one-stop-shop platform to cater to any business’s digital insurance needs.

RenewBuy

ICICI Prudential Life Insurance

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ICICI Prudential Life Insurance Company Ltd. is one of the life insurance players in India and it has assets held over Rs. 100,000 Cr.

RenewBuy

PolicyBazaar

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PolicyBazaar designs an online life insurance and general insurance comparison portal that analyzes financial products.

RenewBuy

Artivatic.ai

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Artivatic’s patent pending technology solves complex problems in Insurance for On-boarding, Fraud, Risk Profiling, Underwriting & claims.

RenewBuy

Max Financial Services

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A newly-formed entity that owns around a 72% stake in Indian life insurance company

RenewBuy

ICICI Lombard General Insurance

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ICICI Lombard General Insurance is a private sector general insurance company in India.

RenewBuy

Toffee Insurance

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Toffee Insurance provides the only insurance plan you’ll ever need.

RenewBuy

Vital

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Vital offers tailor-made, comprehensive and pocket-friendly health plans for every individual need.

RenewBuy

Wellthy Therapeutics

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Wellthy is a digital therapeutics company focused on improving patient health through proven clinical interventions and behavioral model

RenewBuy

FINO PayTech

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FINO PayTech is a thought leader, innovator and implementer of technology solutions.

RenewBuy

GramCover

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GramCover develops online based insurance brokerage marketplace.

RenewBuy

Cholamandalam

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Cholamandalam is an Indian assurance firm that provides a range of assurance schemes for corporate and individual clients.

RenewBuy

Lemnisk

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Real-time Marketing Automation Built on Customer Data Platform

RenewBuy

InsuranceDekho

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InsuranceDekho is an omnichannel insurance platform.

RenewBuy

Ujjivan Financial Services

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Provide full range of financial services to the economically active poor to build better lives.

RenewBuy

Wishleaf

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Wishleaf is a digital insurance company that offers customized solutions for general insurance.

RenewBuy

DocPrime

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DocPrime offers a one-stop healthcare solution right at the comfort of patients’ homes.

RenewBuy

Max Bupa

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Max Bupa provides affordable health insurance plans.

RenewBuy

Nova Benefits

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Nova Benefits operates as a B2B health insurance platform.

RenewBuy

IntelleGrow

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IntelleGrow provides debt finance and skills support to small and growing businesses in India.

RenewBuy

Hoopy

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HOOPY is an initiative which provides solutions to all your Vehicle related worries through innovative technology and crisp operations.

RenewBuy

FundsIndia

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FundsIndia.com known for its, zero-cost, automated mutual fund investment services.

RenewBuy

Alliance Insurance Brokers

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Alliance Insurance Brokers is a strong player in B2B insurance broking company.

RenewBuy

Oliva Clinic

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Oliva Clinic is a medico aesthetic clinic that focuses on leveraging ad­vances in medicine to make look more beautiful and youthful.

RenewBuy

SBI General Insurance

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SBI General Insurance offers a wide range of general insurance products in retail and commercial space.

RenewBuy

Navi Technologies

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Navi is a Bengaluru-based firm helping build consumer-centric businesses in the BFSI (Banking, Financial Services & Insurance) space.

RenewBuy

Easypolicy

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Easypolicy provides insurance comparison tools in India. Compare insurance online today, Save your time and money.

RenewBuy

Royal Sundaram General Insurance Co. Limited

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Royal Sundaram provides comprehensive insurance plans and innovative insurance solutions to individuals, families and businesses.

RenewBuy

Acko General Insurance

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Acko General Insurance is a digital insurance company with a license to underwrite and distribute bite-sized insurance products.

RenewBuy

Growfitter

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Gamified digital health reward platform that adds financial benefits to your physical activity!

RenewBuy

Anviti Insurance Brokers

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Anviti Insurance Brokers provides insurance and reinsurance broking services.

RenewBuy

IndiaFirst Life Insurance

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IndiaFirst Life Insurance is a young life insurance firm managing finances for customers.

RenewBuy

SecureNow Insurance Broker

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Secure Now Insurance Broker (P) Ltd is an insurance broking firm that offers fair insurance options to SME clients.

RenewBuy

Finsall Resources

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Finsall Resources is a Finsuretech company, financially enabling people to buy (or to buy more) insurance.

RenewBuy

i3systems

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Data Analytics, Machine Learning, Natural Language Processing, Insurance Underwriting, Insurance Fraud Detection, Diagnostics Intelligence

RenewBuy

Estee Advisors

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Estee Advisors is a quant-based investment management and execution services provider.

RenewBuy

Ria Insurance

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Ria Insurance is a startup at the intersection of healthcare, technology, and insurance.

RenewBuy

Arya.ai

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Arya.ai offers ‘Autonomous AI’ product stack for financial institutions to automate and augment core business tasks using Deep Learning.

RenewBuy

Mahindra Insurance Brokers

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Mahindra Insurance Brokers is an insurance company.

RenewBuy

CallHealth Services

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A technology-powered healthcare company with world’s first integrated virtual-and-mobility platform to bring healthcare services at home.

RenewBuy

Insurance Samadhan

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Insurance Samadhan is a developer of a grievance redressal platform designed for all insurance policyholders to file a complaint.

RenewBuy

New Street Technologies

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New Street Technologies builds and operates blockchain-enabled platforms for institutional clients in the financial services segment

RenewBuy

India Mortgage Guarantee Company

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India Mortgage Guarantee Company is a financial service firm offering mortgage guarantee.

RenewBuy

myCOL

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MyCol gives you a unique feature of providing a personal hospital assistant who is well know with the hospital and its workings.

RenewBuy

GIGI Benefits

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GIGI Benefits offers full-time employment related benefits like insurance and savings to freelancers and gig workers.

RenewBuy

Liases Foras

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Liases Foras is a Mumbai-based residential real estate.

RenewBuy

HeyMojo, Inc

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Heymojo bots boost your sales by engaging your customers in real-time and generating high quality conversation qualified leads (CQL).

RenewBuy

Aashiyaan Housing and Development Finance

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Provide housing finance to those in the informal sector enabling the hither to un-served to own a home of their own.

RenewBuy

Onsurity

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Onsurity is an employee healthcare platform providing a monthly healthcare membership with group health insurance to emerging businesses.

RenewBuy

Ideal Insurance Brokers/ 121Policy.com

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Ideal Insurance Broking is one of the leaders in insurance broking domain.

RenewBuy

HDFC Standard Life Insurance

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HDFC Standard Life Insurance is a life insurance provider in India for both private and corporate clients.

RenewBuy

Future Group

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Future Group operates multi-branded retail outlets in India.

RenewBuy

Candela Labs

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Candela Labs is a IT company that provides software solutions to digitalise and automate customer experience and insurance processes.

RenewBuy

CyborgIntell

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Enterprise AI Software Company

RenewBuy

TechProcess Solutions

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TechProcess Solutions offers transaction and payment processing services across a spectrum of industries in India.

RenewBuy

LIC Housing Finance

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LIC Housing Finance Ltd. is a largest Housing Finance company in India.

RenewBuy

McXtra

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McXtra is a digital insurance broking startup.

RenewBuy

EZMove

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Shifting your home or vehicle ? Make it an EZMove

RenewBuy

Bharti Enterprises

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Bharti Enterprises is a business group that has created world-class businesses in telecom, insurance, retail, and foods.

RenewBuy

Asha Impact

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Asha Impact founded by Vikram Gandhi, a company that provides critical development in areas such as impact investments.

RenewBuy

5Paisa

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5Paisa is helping people digitally to trade in stock markets.

RenewBuy

wurkwell

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Wurkwell operates as an employee health and wellness platform.

RenewBuy

The New India Assurance Co

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The New India Assurance Co. Ltd., based in Mumbai, is one of the five Wholly Government of India owned assurance companies of India.

RenewBuy

Max Life insurance

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Max Life is one of the insurance company in India that offers affordable life protection, child , retirement and savings plans.

RenewBuy

Intellect Design Arena

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Intellect Design Arena Ltd, is a global leader in Financial Technology for Banking, Insurance and other Financial Services.

RenewBuy

Life Insurance Corporation of India

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Life Insurance Corporation of India is a company that provides citizens of India access to life insurance policies.

RenewBuy

CarIQ

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CariQ is an app that helps keep track of all of a car’s needs including repairs and insurance.

RenewBuy

HDFC ERGO General Insurance Company Limited

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HDFC ERGO is a 74:26 joint venture between HDFC Limited, India’s premier Housing Finance Institution and ERGO International AG.

RenewBuy

PolicyX.Com

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PolicyX.Com is an IRDA approved,self funded insurance company located in Gurgaon.

RenewBuy

R Systems

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R Systems is a specialized IT Services & Solutions and IT-enabled Services provider catering to a wide range of global customers.

RenewBuy

Asset Reconstruction Company (India) Ltd.

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Asset Reconstruction Company (India) Ltd. operates as a asset reconstruction company.

RenewBuy

Gaadi Web

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Gaadi Web is an automotive portal for Indian market with a search platform for new, used and upcoming vehicles.

RenewBuy

LetsEndorse

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LetsEndorse is a provider of an online network intended to raise awareness for social causes.

RenewBuy

Symbo

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Symbo serves the insurance industry across product, distribution and operations.

RenewBuy

Knoldus Inc.

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Knoldus modernize digital systems by leveraging Functional Programming (Scala, Rust, Java) & Fast Data (Spark, Flink) ecosystems.

RenewBuy

NetAmbit

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We are one of India’s fastest growing privately held companies operating in sales and distribution of consumer services.

RenewBuy

JK Technosoft

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JK Technosoft (www.jktech.com) is a global IT services and solutions company that provides end-to-end software lifecycle services.

RenewBuy

Infinx Services

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Infinx Services is a medical company located in Mumbai.

RenewBuy

Tata AIA Life Insurance Company

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Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, formed by Tata Sons and AIA Group Limited (AIA).

RenewBuy

Bajaj Allianz

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Bajaj Allianz is one of India’s leading life insurance company, offers life insurance plans, term plans, retirement plan.

RenewBuy

Antworks Money

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Antworks Money, the online marketplace for Bank Loans, P2P Loans & Investments.

RenewBuy

Ruloans Distribution Services

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RuLoans.com is an Online Loan Comparison & Application Portal in India, provides a loan seeker to COMPARE, SELECT & APPLY for a Loan.

RenewBuy

Capital Food Group

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Capital Foods is a great believer in the concept of ‘Global Food Culture’.

RenewBuy

SureClaim

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SureClaim is building online DIY insurance claim tools

RenewBuy

Aldopay

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Mobile Wallet Focusing on hassle free checkout via Finger Print & OTP.

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