Factuary

General Insurance in India — Regulatory Data

India has 27 IRDAI-licensed general insurance companies covering motor, property, marine, and commercial lines. This page covers gross written premium, incurred claim ratio, and solvency for general insurers with available data in IRDAI quarterly public disclosures.

Gross Written Premium — FY25-03

Total across 26 general insurers with data: ₹2.68 lakh crore

InsurerGWPMarket Share
New India Assurance₹41,992 crore15.7%
ICICI Lombard General Insurance₹26,833 crore10.0%
Bajaj Allianz General Insurance₹21,417 crore8.0%
Oriental Insurance Company₹20,327 crore7.6%
United India Insurance₹20,072 crore7.5%
Tata AIG General Insurance₹17,703 crore6.6%
National Insurance Company₹16,833 crore6.3%
HDFC ERGO General Insurance₹15,817 crore5.9%
SBI General Insurance₹13,890 crore5.2%
Reliance General Insurance₹12,548 crore4.7%
Agriculture Insurance Company of India₹9,742 crore3.6%
Digit General Insurance₹8,472 crore3.2%
IFFCO Tokio General Insurance₹8,312 crore3.1%
Chola MS General Insurance₹8,124 crore3.0%
Universal Sompo General Insurance₹5,078 crore1.9%
Royal Sundaram General Insurance₹3,763 crore1.4%
Shriram General Insurance₹3,753 crore1.4%
Magma General Insurance₹3,334 crore1.2%
Liberty General Insurance₹2,246 crore0.8%
Acko General Insurance₹2,065 crore0.8%
Zurich Kotak General Insurance₹1,915 crore0.7%
ECGC₹1,367 crore0.5%
Zuno General Insurance₹992 crore0.4%
Kshema General Insurance₹771 crore0.3%
Raheja QBE General Insurance₹353 crore0.1%
Navi General Insurance₹100 crore0.0%

Source: IRDAI Annual Report. Market share within general sector only.Full FY24-25 data →

Incurred Claim Ratio — Top 5 (Lowest)

ICR = claims incurred ÷ net premiums earned. Lower values indicate better claims management relative to premiums. IRDAI regulatory data from NL-20 filings.

InsurerICRPeriod
Raheja QBE General Insurance68.00%Q1 FY26-27
Shriram General Insurance68.71%Q1 FY26-27
Acko General Insurance72.88%Q1 FY26-27
Agriculture Insurance Company of India73.20%Q1 FY26-27
Digit General Insurance73.34%Q1 FY26-27

Source: IRDAI quarterly NL-20 public disclosures.All ICR data →

Solvency Ratio — General Insurers

IRDAI regulatory minimum is 1.5×. Values below minimum shown in red.Full solvency history →

InsurerSolvencyPeriod
Acko General Insurance1.59xQ1 FY26-27
Agriculture Insurance Company of India4.65xQ1 FY26-27
Bajaj Allianz General Insurance2.54xQ1 FY26-27
Chola MS General Insurance1.93xQ1 FY26-27
Digit General Insurance2.43xQ1 FY26-27
ECGC56.14xQ1 FY26-27
Generali Central Insurance (formerly Future Generali)1.96xQ4 FY24-25
HDFC ERGO General Insurance2.18xQ1 FY26-27
ICICI Lombard General Insurance2.00xQ1 FY26-27
IFFCO Tokio General Insurance1.97xQ1 FY26-27
Kshema General Insurance1.53xQ1 FY26-27
Liberty General Insurance1.75xQ4 FY24-25
Magma General Insurance1.84xQ1 FY26-27
National Insurance Company-1.22xQ1 FY26-27
Navi General Insurance2.87xQ1 FY26-27
New India Assurance1.80xQ1 FY26-27
Oriental Insurance Company-1.70xQ1 FY26-27
Raheja QBE General Insurance1.98xQ1 FY26-27
Reliance General Insurance1.75xQ1 FY26-27
Royal Sundaram General Insurance2.05xQ1 FY26-27
SBI General Insurance2.00xQ1 FY26-27
Shriram General Insurance3.02xQ1 FY26-27
Tata AIG General Insurance1.84xQ1 FY26-27
United India Insurance-1.49xQ1 FY26-27
Universal Sompo General Insurance1.97xQ4 FY24-25
Zuno General Insurance1.64xQ1 FY26-27
Zurich Kotak General Insurance2.84xQ1 FY26-27

Source: IRDAI quarterly NL-26 public disclosures. Three government-owned general insurers (National Insurance, Oriental Insurance, United India) reported negative solvency ratios in multiple recent quarters.See public sector insurer detail →

Analysis

Market Share →Combined Ratio →GWP Growth Trends →PSU vs Private →

All General Insurers

View all insurers including life and health →

All data from IRDAI mandatory quarterly public disclosures. GWP from IRDAI Annual Report.