General Insurance Company Rankings India — IRDAI Data

Rankings use the latest available IRDAI regulatory data. Period is shown per insurer. No endorsement — data does the ranking.

By Incurred Claim Ratio

Claims paid as a percentage of net premium earned. Lower indicates more efficient claims management. Source: IRDAI NL-20. Data available for 27 of 29 general insurers.

#InsurerICR (%)Period
1Raheja QBE General Insurance68.00Q1 FY26-27
2Shriram General Insurance68.71Q1 FY26-27
3Acko General Insurance72.88Q1 FY26-27
4Agriculture Insurance Company of India73.20Q1 FY26-27
5Digit General Insurance73.34Q1 FY26-27
6Tata AIG General Insurance74.00Q1 FY26-27
7Bajaj Allianz General Insurance74.28Q1 FY26-27
8ICICI Lombard General Insurance76.40Q1 FY26-27
9SBI General Insurance79.24Q1 FY26-27
10Universal Sompo General Insurance80.35Q1 FY26-27
11Liberty General Insurance81.00Q1 FY26-27
12Zuno General Insurance81.00Q1 FY26-27
13Magma General Insurance84.30Q1 FY26-27
14Chola MS General Insurance85.58Q1 FY26-27
15Royal Sundaram General Insurance86.00Q1 FY26-27
16Zurich Kotak General Insurance86.00Q1 FY26-27
17IFFCO Tokio General Insurance86.84Q1 FY26-27
18HDFC ERGO General Insurance87.51Q1 FY26-27
19Reliance General Insurance88.15Q1 FY26-27
20Generali Central Insurance (formerly Future Generali)90.10Q1 FY26-27
21Navi General Insurance92.00Q1 FY26-27
22National Insurance Company98.91Q1 FY26-27
23New India Assurance103.38Q1 FY26-27
24United India Insurance103.63Q1 FY26-27
25ECGC159.50Q1 FY26-27
26Kshema General Insurance298.84Q1 FY26-27
27Oriental Insurance Company10011.00Q1 FY26-27

By Combined Ratio

Claims + expenses as a share of earned premium. Below 100% = underwriting profitability. Source: IRDAI NL-20. Data available for 27 of 29 general insurers.

#InsurerCombined Ratio (%)Period
1Agriculture Insurance Company of India-162.69profitableQ1 FY26-27
2Universal Sompo General Insurance104.32Q1 FY26-27
3Bajaj Allianz General Insurance104.66Q1 FY26-27
4Shriram General Insurance104.67Q1 FY26-27
5ICICI Lombard General Insurance107.20Q1 FY26-27
6HDFC ERGO General Insurance110.59Q1 FY26-27
7Tata AIG General Insurance111.00Q1 FY26-27
8SBI General Insurance111.52Q1 FY26-27
9Acko General Insurance111.65Q1 FY26-27
10Digit General Insurance112.36Q1 FY26-27
11Zuno General Insurance115.00Q1 FY26-27
12Royal Sundaram General Insurance116.30Q1 FY26-27
13Magma General Insurance118.50Q1 FY26-27
14Chola MS General Insurance120.40Q1 FY26-27
15Liberty General Insurance121.00Q1 FY26-27
16IFFCO Tokio General Insurance121.20Q1 FY26-27
17Reliance General Insurance121.21Q1 FY26-27
18New India Assurance121.44Q1 FY26-27
19Raheja QBE General Insurance121.70Q1 FY26-27
20Generali Central Insurance (formerly Future Generali)127.90Q1 FY26-27
21Navi General Insurance128.00Q1 FY26-27
22Zurich Kotak General Insurance132.00Q1 FY26-27
23National Insurance Company134.36Q1 FY26-27
24United India Insurance139.12Q1 FY26-27
25ECGC188.03Q1 FY26-27
26Kshema General Insurance500.51Q1 FY26-27
27Oriental Insurance Company11916.00Q1 FY26-27

By Solvency Ratio

Financial strength buffer — IRDAI minimum is 1.5×. Negative values indicate liabilities exceed available margin. Source: IRDAI NL-20.

#InsurerSolvency (×)Period
1ECGC56.14Q1 FY26-27
2Agriculture Insurance Company of India4.65Q1 FY26-27
3Shriram General Insurance3.02Q1 FY26-27
4Navi General Insurance2.87Q1 FY26-27
5Zurich Kotak General Insurance2.84Q1 FY26-27
6Bajaj Allianz General Insurance2.54Q1 FY26-27
7Digit General Insurance2.43Q1 FY26-27
8HDFC ERGO General Insurance2.18Q1 FY26-27
9Royal Sundaram General Insurance2.05Q1 FY26-27
10ICICI Lombard General Insurance2.00Q1 FY26-27
11SBI General Insurance2.00Q1 FY26-27
12Raheja QBE General Insurance1.98Q1 FY26-27
13IFFCO Tokio General Insurance1.97Q1 FY26-27
14Universal Sompo General Insurance1.97Q4 FY24-25
15Generali Central Insurance (formerly Future Generali)1.96Q4 FY24-25
16Chola MS General Insurance1.93Q1 FY26-27
17Magma General Insurance1.84Q1 FY26-27
18Tata AIG General Insurance1.84Q1 FY26-27
19New India Assurance1.80Q1 FY26-27
20Reliance General Insurance1.75Q1 FY26-27
21Liberty General Insurance1.75Q4 FY24-25
22Zuno General Insurance1.64Q1 FY26-27
23Acko General Insurance1.59Q1 FY26-27
24Kshema General Insurance1.53Q1 FY26-27
25National Insurance Company-1.22below minQ1 FY26-27
26United India Insurance-1.49below minQ1 FY26-27
27Oriental Insurance Company-1.70below minQ1 FY26-27

Source: IRDAI public disclosures (NL-20, NL-35).General insurance overview → ·All rankings →