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101 Top Mumbai Insurance Companies and Startups

This article showcases our top picks for the best Mumbai 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 Mumbai Insurance Startups

Data sourced from Crunchbase and SemRush.

Axis Bank

Axis Bank

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

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Acko

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

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HealthySure

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HealthySure is an InsurTech platform that focuses on innovating employee health protection.

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Kenko Health

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Kenko Health is a health insurtech startup.

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Coverfox Insurance

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

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OTO Capital

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OTO Capital is a software company that provides affordable plans to purchase motor bicycles.

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ICICI Lombard General Insurance

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

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Future Generali

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Future Generali India Insurance is a joint venture between the Future Group.

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Alliance Insurance Brokers

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

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Symbo

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Making Insurance relevant and intuitive.

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Wellthy Therapeutics

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

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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.

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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.

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SBI General Insurance

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

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Probus Insurance

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Probus Insurance is one of the renowned Insurance Broker in India, owing to its manifold progression and distinct lines of business.

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Verak

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Better Business Insurance for Indian MSMEs and SMEs- best prices, expert guidance & paperless claims.

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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.

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FINO PayTech

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

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Growfitter

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

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IndiaFirst Life Insurance

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

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i3systems

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

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Mobileware Technologies

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Mobileware Technologies develops enterprise mobility solutions for clients in the banking, insurance, and financial services domains.

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Mahindra Insurance Brokers

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Mahindra Insurance Brokers is an insurance company.

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TechProcess Solutions

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

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Firstsource

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Firstsource provides BPO solutions to organizations in banking, healthcare, telecoms, and media.

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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.

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Liases Foras

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Liases Foras is a Mumbai-based residential real estate.

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Infinx Services

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Infinx Services is a medical company located in Mumbai.

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IDBI Capital Market Services Pvt Ltd

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IDBI Capital is wholly owned subsidary of IDBI Bank (India’s Largest Bank). They are Category-I Merchant Banking

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Ruloans Distribution Services

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Ruloans is a large financial distributor operating across India, Ruloans including Home Loans, Personal Loans, Credit Cards, Business Loans.

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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.

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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).

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C2L BIZ Solutions Pvt Ltd

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C2L BIZ is an insurance industry solution provider.

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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.

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Iorta Technology Solutions Pvt. Ltd.

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Saas; Sales Management Solutions for Insurance companies

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Reliance General Insurance

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Reliance General Insurance is an Indian private insurance company.

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LIC Housing Finance

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

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Aegon Life Insurance

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AEGON is an international provider of life insurance, pensions and asset management, Religare, holding company

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PolicyBoss

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PolicyBoss provides free insurance quote

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Capital Food Group

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

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Navi General Insurance

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Navi General Insurance provides health insurance services.

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Raheja QBE

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Raheja QBE is a joint venture between Rajan Raheja Group and QBE Insurance, offer general insurance services.

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Trade Smart Online

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Tradesmart Online is a brokerage business offering discount brokerage services in stock, commodity and currency trading segments.

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FynTune

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FynTune is an Insurtech expert building digital platforms that create real solutions.

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AQM TECHNOLOGIES

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AQM Technologies is one of India’s leading domain specialist software testing lab.

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Bharti AXA Life Insurance

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Bharti AXA Life offers life insurance plans & term insurance policies in India at minimal costs so that you can fulfill your responsibility.

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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.

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Asset Reconstruction Company (India) Ltd.

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

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Liberty General Insurance

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Liberty General Insurance is a online insurance company which offers Car, Two Wheeler, Health & Travel Insurance plans.

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Magma HDI

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Magma HDI is a general insurance company that offers products for individuals such as vehicle insurance, health insurance, Home Insurance.

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Edelweiss Tokio Life Insurance

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Edelweiss Tokio Life is an insurance company, creating its insurance solutions around the financial needs of its consumer.

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Watchyourhealth.com

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Watchyourhealth.com is an InsurTech/HealthTech company that Enables and empowers customers to engage the clients through smart technology.

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MyInsuranceClub

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MyInsuranceClub is an insurance comparison engine that allows users to compare the premium rates and features of various insurance policies.

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Tradebulls

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Tradebulls provides online trading, IPO, mutual fund and equity services.

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Global Insurance

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Global Insurance Brokers is India’s insurance, reinsurance brokerage, risk and claims Consulting firm, are a Composite Insurance Broker.

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Saraswat Bank

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Saraswat Bank provides retail loans, mutual funds, insurance, NRI banking, business banking, credit cards, debit cards & e-banking services.

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OneInsure

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OneInsure offers a comprehensive range of insurance products.

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PayBima

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PayBima: Simplest, Fastest, Most Reliable way of buying insurance

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Kotak Mahindra General Insurance

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Kotak Mahindra General Insurance provides an array of non-life insurance products like Motor, Health, and others.

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GlitterBug Technologies

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GlitterBug Technologies is a provider of car insurance services, bike insurance services, and mobile insurance services.

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HEALTHINDIA Insurance TPA Services

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HealthIndia Insurance TPA Service provides quality third-party administrative services to clients.

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Agile Financial Technologies

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Agile Financial Technologies is led by captains of the industry who envisioned the creation of an unparalleled enterprise that would be an

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General Insurance Corporation Of India

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GIC is a reinsurance company that provides reinsurance and risk solution to international and domestic markets.

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ITI Reinsurance Ltd.

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ITI Reinsurance Ltd. operates as a Reinsurance Company.

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Reliance Life Insurance

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eliance Life Insurance provides life insurance services and products.

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Assurekit

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Assurekit is a tool that provides insurance distribution services.

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Techguard

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Techguard specializes in offering device protection products, warranty and repair services for tech gadgets and appliances.

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Axis Capital

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AXIS Capital Holdings is leading financial service providers reputed for our ability to perceive the true potential of businesses.

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Tata Motors Insurance Broking and Advisory Services

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Tata Motors Insurance Broking and Advisory Services is a Brokerage company

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IDFC Mutual Fund

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IDFC Asset Management Company Ltd. was established in 2000 and is already one of the largest Mutual Fund houses in India.

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Aditya Birla Sun Life Insurance

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ABSLI is a life insurance firm that provides children’s plans, wealth protection plans, retirement & pension, health plans, and term plans.

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IBEXI Solutions

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IBEXI Solutions specialises in providing business and technology solutions across the insurance value chain,

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Ageas Federal Life Insurance

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Ageas Federal Life Insurance is a private sector, development, and commercial bank that provides solutions to all financial needs.

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L&T General Insurance Company

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L&T General Insurance Company engaged in technology, engineering, construction, manufacturing and financial services.

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Deep Trading

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Utilizing mass deep learning algorithms in finance

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Universal Sompo

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Universal Sompo is an insurance company that covers health, motor and commercial insurance as well as loan secure insurance policy.

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PNB MetLife India Insurance

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PNB MetLife India Insurance is one of the leading life insurance company located in Mumbai.

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KMD

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KMD is a professional services firm that provides employee benefit, energy, liability, marine, aviation and insurance broking services.

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Future Generali India Life Insurance

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Future Generali India Life Insurance offers a spectrum of insurance plans, retirement plans, and advisory services.

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Volkswagen Finance

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Volkswagen Finance is responsible for co-ordinating the worldwide financial services activities of the Volkswagen Group.

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HDFC Sales

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HDFC Sales specializes in providing financial services.

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Max India

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Max India focuses on life insurance, healthcare and allied businesses.

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Howden Insurance Brokers India

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Howden Insurance Brokers India provides risk management, insurance broking, insurance portfolio management, and claims management services.

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Maheshwari Investment. Pvt. Ltd

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Maheshwari Investment. Pvt. Ltd

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Lakshmishree Investment & Securities Pvt. Ltd.

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Lakshmishree Investment & Securities Pvt. Ltd. (LISPL) is one of the quickest growing Stock Broking companies in India.

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FRR Forex

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FRR Forex specializes in international currencies, debit cards, money transfer, travel insurance, money gram, and express money services.

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Zibika.com

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Zibika.com is a private insurance broking firm that sells life insurance, health insurance, and motor insurance online.

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Auto Tranz

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Auto Tranz is a company that provides technology for all automotive needs.

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BFC Forex & Financial Services

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BFC Forex & Financial Services offers buying and selling foreign currencies including currency exchange, money transfer, & travel insurance.

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Shift Risk Insurance Brokers

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Shift Risk Insurance Brokers is a one-stop portal to research, compare & general & life insurance.

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Macquarie SBI Infrastructure Management

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Macquarie SBI Infrastructure Management Pte. Limited brings together the recognised infrastructure investment, fund management, project

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Edelweiss Insurance Brokers

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Edelweiss Insurance Brokers is an insurance broking and risk management company.

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Reliance Health Insurance Limited

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Reliance Health Insurance – Online Health Insurance Company

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Amazon Health & Medical Tourism

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Amazon Health and Medical Tourism is a complete medical service provider.

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GoChanakya

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An online market place for finding the best Financial Advisors, Wealth Managers, Stock Brokers, Insurance Advisors.

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Finwisely

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Finwisely offers home loans, mutual funds, personal loans, client profiling, documentation, investments and mortgage property services.

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Thanawala Consultancy Services

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Thanawala is a management consulting company that provides actuarial services and various related services.

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DOMBIVLI NAGARI SAHAKARI BANK

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DOMBIVLI NAGARI SAHAKARI BANK provides banking, financial, and insurance services.

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Services 2 NRI

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S2NRI is one point solution for all NRI queries.

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OkGroup

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Internet Conglomerate aiming to digitise industries in India.

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TrawellTag Cover-More

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TrawellTag Cover-More is a provider of medical assistance and travel insurance services.

Written by Mark Fitz

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