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
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MediBuddy is a digital healthcare platform for inpatient hospitalization, outpatient services, and corporate wellness benefits.
RenewBuy
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Simplest way to renew your car insurance. Get quote and insure your car in couple of minutes
Axis Bank
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Axis Bank is a banking institution offering commercial, corporate and retail banking, and treasury operations.
Bimaplan
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Affordable Insurance for the next billion Indians
MyMoneyMantra
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MyMoneyMantra is India’s largest phy-gital (physical-digital) consumer & business finance marketplace.
Vivriti Capital
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Vivriti Capital is a marketplace for small enterprises and individuals that lack efficient access to financial services.
Digit Insurance
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Digit Insurance is a financial services company that general insurance services.
Turtlemint
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Turtlemint is an insurtech platform that identifies and purchases appropriate insurance policies for consumers.
BankBazaar.com
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BankBazaar.com is a neutral online marketplace that gives instant customized rate quotes on loans and insurance products.
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.
Coverfox Insurance
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Coverfox Insurance is an insurtech platform that provides hassle-free online insurance broking services.
True Balance
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True Balance is a digital wallet that enables users to access utility bill payment and other financial products.
IDfy
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IDfy is a people information company helping companies combat fraud by providing services such as background verifications.
Star Health and Allied Insurance
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Star Health and Allied Insurance provides affordable Medical Insurance, Accident Insurance, Travel Insurance Plans.
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.
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.
PolicyBazaar
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PolicyBazaar designs an online life insurance and general insurance comparison portal that analyzes financial products.
Artivatic.ai
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Artivatic’s patent pending technology solves complex problems in Insurance for On-boarding, Fraud, Risk Profiling, Underwriting & claims.
Max Financial Services
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A newly-formed entity that owns around a 72% stake in Indian life insurance company
ICICI Lombard General Insurance
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ICICI Lombard General Insurance is a private sector general insurance company in India.
Toffee Insurance
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Toffee Insurance provides the only insurance plan you’ll ever need.
Vital
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Vital offers tailor-made, comprehensive and pocket-friendly health plans for every individual need.
Wellthy Therapeutics
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Wellthy is a digital therapeutics company focused on improving patient health through proven clinical interventions and behavioral model
FINO PayTech
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FINO PayTech is a thought leader, innovator and implementer of technology solutions.
GramCover
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GramCover develops online based insurance brokerage marketplace.
Cholamandalam
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Cholamandalam is an Indian assurance firm that provides a range of assurance schemes for corporate and individual clients.
Lemnisk
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Real-time Marketing Automation Built on Customer Data Platform
InsuranceDekho
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InsuranceDekho is an omnichannel insurance platform.
Ujjivan Financial Services
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Provide full range of financial services to the economically active poor to build better lives.
Wishleaf
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Wishleaf is a digital insurance company that offers customized solutions for general insurance.
DocPrime
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DocPrime offers a one-stop healthcare solution right at the comfort of patients’ homes.
Max Bupa
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Max Bupa provides affordable health insurance plans.
Nova Benefits
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Nova Benefits operates as a B2B health insurance platform.
IntelleGrow
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IntelleGrow provides debt finance and skills support to small and growing businesses in India.
Hoopy
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HOOPY is an initiative which provides solutions to all your Vehicle related worries through innovative technology and crisp operations.
FundsIndia
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FundsIndia.com known for its, zero-cost, automated mutual fund investment services.
Alliance Insurance Brokers
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Alliance Insurance Brokers is a strong player in B2B insurance broking company.
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.
SBI General Insurance
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SBI General Insurance offers a wide range of general insurance products in retail and commercial space.
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.
Easypolicy
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Easypolicy provides insurance comparison tools in India. Compare insurance online today, Save your time and money.
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.
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.
Growfitter
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Gamified digital health reward platform that adds financial benefits to your physical activity!
Anviti Insurance Brokers
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Anviti Insurance Brokers provides insurance and reinsurance broking services.
IndiaFirst Life Insurance
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IndiaFirst Life Insurance is a young life insurance firm managing finances for customers.
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.
Finsall Resources
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Finsall Resources is a Finsuretech company, financially enabling people to buy (or to buy more) insurance.
i3systems
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Data Analytics, Machine Learning, Natural Language Processing, Insurance Underwriting, Insurance Fraud Detection, Diagnostics Intelligence
Estee Advisors
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Estee Advisors is a quant-based investment management and execution services provider.
Ria Insurance
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Ria Insurance is a startup at the intersection of healthcare, technology, and insurance.
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.
Mahindra Insurance Brokers
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Mahindra Insurance Brokers is an insurance company.
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.
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.
New Street Technologies
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New Street Technologies builds and operates blockchain-enabled platforms for institutional clients in the financial services segment
India Mortgage Guarantee Company
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India Mortgage Guarantee Company is a financial service firm offering mortgage guarantee.
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.
GIGI Benefits
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GIGI Benefits offers full-time employment related benefits like insurance and savings to freelancers and gig workers.
Liases Foras
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Liases Foras is a Mumbai-based residential real estate.
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).
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.
Onsurity
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Onsurity is an employee healthcare platform providing a monthly healthcare membership with group health insurance to emerging businesses.
Ideal Insurance Brokers/ 121Policy.com
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Ideal Insurance Broking is one of the leaders in insurance broking domain.
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.
Future Group
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Future Group operates multi-branded retail outlets in India.
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.
TechProcess Solutions
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TechProcess Solutions offers transaction and payment processing services across a spectrum of industries in India.
LIC Housing Finance
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LIC Housing Finance Ltd. is a largest Housing Finance company in India.
Bharti Enterprises
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Bharti Enterprises is a business group that has created world-class businesses in telecom, insurance, retail, and foods.
Asha Impact
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Asha Impact founded by Vikram Gandhi, a company that provides critical development in areas such as impact investments.
5Paisa
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5Paisa is helping people digitally to trade in stock markets.
wurkwell
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Wurkwell operates as an employee health and wellness platform.
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.
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.
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.
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.
CarIQ
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CariQ is an app that helps keep track of all of a car’s needs including repairs and insurance.
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.
PolicyX.Com
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PolicyX.Com is an IRDA approved,self funded insurance company located in Gurgaon.
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.
Asset Reconstruction Company (India) Ltd.
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Asset Reconstruction Company (India) Ltd. operates as a asset reconstruction company.
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.
LetsEndorse
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LetsEndorse is a provider of an online network intended to raise awareness for social causes.
Symbo
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Symbo serves the insurance industry across product, distribution and operations.
Knoldus Inc.
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Knoldus modernize digital systems by leveraging Functional Programming (Scala, Rust, Java) & Fast Data (Spark, Flink) ecosystems.
NetAmbit
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We are one of India’s fastest growing privately held companies operating in sales and distribution of consumer services.
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.
Infinx Services
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Infinx Services is a medical company located in Mumbai.
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).
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.
Antworks Money
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Antworks Money, the online marketplace for Bank Loans, P2P Loans & Investments.
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.
Capital Food Group
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Capital Foods is a great believer in the concept of ‘Global Food Culture’.
SureClaim
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SureClaim is building online DIY insurance claim tools
Aldopay
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Mobile Wallet Focusing on hassle free checkout via Finger Print & OTP.