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
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Axis Bank is a banking institution offering commercial, corporate and retail banking, and treasury operations.
Acko
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Acko is a digital insurance company with a license to underwrite and distribute bite-sized insurance products.
HealthySure
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HealthySure is an InsurTech platform that focuses on innovating employee health protection.
Coverfox Insurance
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Coverfox Insurance is an insurtech platform that provides hassle-free online insurance broking services.
OTO Capital
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OTO Capital is a software company that provides affordable plans to purchase motor bicycles.
ICICI Lombard General Insurance
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ICICI Lombard General Insurance is a private sector general insurance company in India.
Future Generali
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Future Generali India Insurance is a joint venture between the Future Group.
Alliance Insurance Brokers
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Alliance Insurance Brokers is a strong player in B2B insurance broking company.
Wellthy Therapeutics
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Wellthy is a digital therapeutics company focused on improving patient health through proven clinical interventions and behavioral model
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.
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.
SBI General Insurance
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SBI General Insurance offers a wide range of general insurance products in retail and commercial space.
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.
Verak
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Better Business Insurance for Indian MSMEs and SMEs- best prices, expert guidance & paperless claims.
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.
FINO PayTech
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FINO PayTech is a thought leader, innovator and implementer of technology solutions.
Growfitter
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Gamified digital health reward platform that adds financial benefits to your physical activity!
IndiaFirst Life Insurance
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IndiaFirst Life Insurance is a young life insurance firm managing finances for customers.
i3systems
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Data Analytics, Machine Learning, Natural Language Processing, Insurance Underwriting, Insurance Fraud Detection, Diagnostics Intelligence
Mobileware Technologies
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Mobileware Technologies develops enterprise mobility solutions for clients in the banking, insurance, and financial services domains.
Mahindra Insurance Brokers
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Mahindra Insurance Brokers is an insurance company.
TechProcess Solutions
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TechProcess Solutions offers transaction and payment processing services across a spectrum of industries in India.
Firstsource
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Firstsource provides BPO solutions to organizations in banking, healthcare, telecoms, and media.
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.
Liases Foras
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Liases Foras is a Mumbai-based residential real estate.
Infinx Services
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Infinx Services is a medical company located in Mumbai.
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
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.
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.
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).
C2L BIZ Solutions Pvt Ltd
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C2L BIZ is an insurance industry solution provider.
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.
Iorta Technology Solutions Pvt. Ltd.
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Saas; Sales Management Solutions for Insurance companies
Reliance General Insurance
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Reliance General Insurance is an Indian private insurance company.
LIC Housing Finance
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LIC Housing Finance Ltd. is a largest Housing Finance company in India.
Aegon Life Insurance
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AEGON is an international provider of life insurance, pensions and asset management, Religare, holding company
Capital Food Group
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Capital Foods is a great believer in the concept of ‘Global Food Culture’.
Navi General Insurance
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Navi General Insurance provides health insurance services.
Raheja QBE
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Raheja QBE is a joint venture between Rajan Raheja Group and QBE Insurance, offer general insurance services.
Trade Smart Online
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Tradesmart Online is a brokerage business offering discount brokerage services in stock, commodity and currency trading segments.
FynTune
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FynTune is an Insurtech expert building digital platforms that create real solutions.
AQM TECHNOLOGIES
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AQM Technologies is one of India’s leading domain specialist software testing lab.
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.
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.
Asset Reconstruction Company (India) Ltd.
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Asset Reconstruction Company (India) Ltd. operates as a asset reconstruction company.
Liberty General Insurance
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Liberty General Insurance is a online insurance company which offers Car, Two Wheeler, Health & Travel Insurance plans.
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.
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.
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.
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.
Tradebulls
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Tradebulls provides online trading, IPO, mutual fund and equity services.
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.
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.
OneInsure
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OneInsure offers a comprehensive range of insurance products.
PayBima
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PayBima: Simplest, Fastest, Most Reliable way of buying insurance
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.
GlitterBug Technologies
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GlitterBug Technologies is a provider of car insurance services, bike insurance services, and mobile insurance services.
HEALTHINDIA Insurance TPA Services
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HealthIndia Insurance TPA Service provides quality third-party administrative services to clients.
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
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.
ITI Reinsurance Ltd.
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ITI Reinsurance Ltd. operates as a Reinsurance Company.
Reliance Life Insurance
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eliance Life Insurance provides life insurance services and products.
Assurekit
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Assurekit is a tool that provides insurance distribution services.
Techguard
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Techguard specializes in offering device protection products, warranty and repair services for tech gadgets and appliances.
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.
Tata Motors Insurance Broking and Advisory Services
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Tata Motors Insurance Broking and Advisory Services is a Brokerage company
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.
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.
IBEXI Solutions
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IBEXI Solutions specialises in providing business and technology solutions across the insurance value chain,
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.
L&T General Insurance Company
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L&T General Insurance Company engaged in technology, engineering, construction, manufacturing and financial services.
Deep Trading
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Utilizing mass deep learning algorithms in finance
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.
PNB MetLife India Insurance
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PNB MetLife India Insurance is one of the leading life insurance company located in Mumbai.
KMD
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KMD is a professional services firm that provides employee benefit, energy, liability, marine, aviation and insurance broking services.
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.
Volkswagen Finance
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Volkswagen Finance is responsible for co-ordinating the worldwide financial services activities of the Volkswagen Group.
HDFC Sales
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HDFC Sales specializes in providing financial services.
Max India
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Max India focuses on life insurance, healthcare and allied businesses.
Howden Insurance Brokers India
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Howden Insurance Brokers India provides risk management, insurance broking, insurance portfolio management, and claims management services.
Maheshwari Investment. Pvt. Ltd
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Maheshwari Investment. Pvt. Ltd
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.
FRR Forex
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FRR Forex specializes in international currencies, debit cards, money transfer, travel insurance, money gram, and express money services.
Zibika.com
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Zibika.com is a private insurance broking firm that sells life insurance, health insurance, and motor insurance online.
Auto Tranz
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Auto Tranz is a company that provides technology for all automotive needs.
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.
Shift Risk Insurance Brokers
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Shift Risk Insurance Brokers is a one-stop portal to research, compare & general & life insurance.
Macquarie SBI Infrastructure Management
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Macquarie SBI Infrastructure Management Pte. Limited brings together the recognised infrastructure investment, fund management, project
Edelweiss Insurance Brokers
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Edelweiss Insurance Brokers is an insurance broking and risk management company.
Reliance Health Insurance Limited
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Reliance Health Insurance – Online Health Insurance Company
Amazon Health & Medical Tourism
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Amazon Health and Medical Tourism is a complete medical service provider.
GoChanakya
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An online market place for finding the best Financial Advisors, Wealth Managers, Stock Brokers, Insurance Advisors.
Finwisely
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Finwisely offers home loans, mutual funds, personal loans, client profiling, documentation, investments and mortgage property services.
Thanawala Consultancy Services
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Thanawala is a management consulting company that provides actuarial services and various related services.
DOMBIVLI NAGARI SAHAKARI BANK
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DOMBIVLI NAGARI SAHAKARI BANK provides banking, financial, and insurance services.
Services 2 NRI
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S2NRI is one point solution for all NRI queries.
OkGroup
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Internet Conglomerate aiming to digitise industries in India.
TrawellTag Cover-More
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TrawellTag Cover-More is a provider of medical assistance and travel insurance services.