India’s Leading BFSI and FinTech Companies 2023

India’s Leading BFSI and FinTech Companies 2023 | 33 [ LIST OF TOP INSURANCE COMPANIES ] General Insurance Sr No DUNS No Company Name FY22 Total Income ( ` bn) Net Premium Earned ( ` bn) Solvency Ratio (%) AUM ( ` bn) 1 86-213-1364 The New India Assurance Co. Ltd. 357.4 289.1 1.7 528.9 2 65-011-7526 United India Insurance Co. Ltd. 172.4 137.0 1.0 347.5 3 91-862-0469 ICICI Lombard General Insurance Co. Ltd. 168.4 130.3 2.5 384.3 4 65-028-1488 National Insurance Co. Ltd. 150.0 123.2 1.3 307.2 5 65-010-8491 The Oriental Insurance Co. Ltd. 140.5 116.4 1.5 226.9 6 91-844-0918 Bajaj Allianz General Insurance Co. Ltd. 95.7 77.8 3.4 237.5 7 91-844-5052 Tata AIG General Insurance Co. Ltd. 81.6 66.3 2.0 188.3 8 91-844-5409 HDFC ERGO General Insurance Co. Ltd. 81.6 68.8 1.6 183.3 9 65-004-8122 Agriculture Insurance Co. of India Ltd. 78.3 68.5 2.5 121.4 10 91-843-6697 IFFCO-TOKIO General Insurance Co. Ltd. 66.3 55.7 1.7 134.5 11 86-245-3495 Reliance General Insurance Co. Ltd. 65.9 51.3 1.7 144.8 12 87-245-3629 SBI General Insurance Co. Ltd. 50.9 42.6 1.9 108.3 13 67-563-4270 Cholamandalam MS General Ins. Co. Ltd. 45.7 34.4 2.0 125.0 14 87-141-2075 Go Digit General Insurance Ltd. 38.4 33.5 2.0 91.6 15 65-030-8919 Future Generali India Insurance Co. Ltd. 30.4 24.5 1.7 57.6 16 65-030-0051 Shriram General Insurance Co. Ltd. 27.6 17.9 4.6 108.6 17 91-535-9686 Royal Sundaram General Insurance Co. Ltd. 27.1 21.7 2.1 69.9 18 86-242-3225 ECGC Ltd. 19.8 8.8 30.1 148.0 19 65-057-8953 Liberty General Insurance Ltd. 16.3 12.6 2.9 33.3 20 67-611-9689 Universal Sompo General Ins. Co. Ltd. 16.2 13.6 1.9 37.5 21 65-061-5383 MAGMA HDI General Insurance Co. Ltd. 12.4 9.1 1.8 38.4 22 65-096-8436 Kotak Mahindra General Insurance Co. Ltd. 5.9 4.8 1.8 12.3 23 86-049-3114 Acko General Insurance Ltd. 4.9 4.5 1.7 9.1 24 65-043-0767 Raheja QBE General Insurance Co. Ltd. 4.0 3.0 2.2 8.2 25 86-036-7814 Edelweiss General Insurance Co. Ltd. 2.6 2.3 1.7 4.4 26 86-036-7815 Navi General Insurance Ltd. 1.4 0.9 1.9 5.5 Re-Insurance Sr No DUNS No Company Name FY22 Total Income ( ` bn) Net Premium Earned ( ` bn) Solvency Ratio (%) AUM ( ` bn) 1 65-073-3371 General Insurance Corporation of India 493.8 392.9 2.0 773.5 Du & Bradstreet