Best Insurance Stocks in India
India’s insurance sector, growing at 32-34% annually, offers immense opportunities. Explore top-performing insurance stocks thriving amid innovation, digitisation, and rising insurance awareness.
Best Insurance Stocks in India
Insurance Stocks
List of Insurance Stocks listed in NSE.
last updated at 6:30 PM IST
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Showing 1 - 14 of 14 results
last updated at 6:30 PM IST
| NameStocks (14)↓ | ↓Sub-SectorSub-Sector↓ | ↓Market CapMarket Cap↓ | ↓Close PriceClose Price↓ | ↓PE RatioPE Ratio↓ | ↓1M Return1M Return↓ | ↓6M Return6M Return↓ | ↓1Y Return1Y Return↓ | ↓PB RatioPB Ratio↓ | ↓Return on EquityReturn on Equity↓ | ↓ROCEROCE↓ | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Life Insurance Corporation Of IndiaLICI | InsuranceInsurance | 5,19,060.945,19,060.94 | 820.65820.65 | 12.6912.69 | 3.463.46 | -9.76-9.76 | -16.78-16.78 | 6.266.26 | 63.3163.31 | 0.900.90 | |
| 2. | Bajaj Finserv LtdBAJAJFINSV | InsuranceInsurance | 3,35,075.203,35,075.20 | 2,100.802,100.80 | 41.1241.12 | 11.8811.88 | 20.7620.76 | 29.5929.59 | 3.233.23 | 8.988.98 | 5.875.87 | |
| 3. | SBI Life Insurance Company LtdSBILIFE | InsuranceInsurance | 1,61,894.921,61,894.92 | 1,615.501,615.50 | 85.4985.49 | 4.114.11 | -5.86-5.86 | 9.919.91 | 10.8610.86 | 13.5613.56 | 0.530.53 | |
| 4. | HDFC Life Insurance Company LtdHDFCLIFE | InsuranceInsurance | 1,52,630.111,52,630.11 | 709.10709.10 | 84.2984.29 | 5.045.04 | -2.02-2.02 | 17.9617.96 | 10.4110.41 | 11.3811.38 | 0.440.44 | |
| 5. | ICICI Lombard General Insurance Company LtdICICIGI | InsuranceInsurance | 93,214.0593,214.05 | 1,880.001,880.00 | 37.1637.16 | 6.536.53 | -4.03-4.03 | 10.8610.86 | 7.647.64 | 16.9416.94 | 25.5825.58 | |
| 6. | ICICI Prudential Life Insurance Company LtdICICIPRULI | InsuranceInsurance | 87,734.5887,734.58 | 607.00607.00 | 74.0174.01 | 2.842.84 | -18.68-18.68 | 2.212.21 | 7.977.97 | 8.078.07 | 0.540.54 | |
| 7. | General Insurance Corporation of IndiaGICRE | InsuranceInsurance | 74,518.1474,518.14 | 424.75424.75 | 11.1511.15 | -4.23-4.23 | 17.5617.56 | 29.6029.60 | 1.351.35 | 13.3113.31 | 9.259.25 | |
| 8. | Max Financial Services LtdMFSL | InsuranceInsurance | 42,828.7442,828.74 | 1,241.001,241.00 | 125.93125.93 | 8.388.38 | -2.43-2.43 | 17.2017.20 | 9.809.80 | 8.168.16 | 8.478.47 | |
| 9. | New India Assurance Company LtdNIACL | InsuranceInsurance | 28,751.0128,751.01 | 174.46174.46 | 25.7525.75 | 3.103.10 | -11.81-11.81 | -22.38-22.38 | 1.011.01 | 4.114.11 | 3.103.10 | |
| 10. | Go Digit General Insurance LtdGODIGIT | InsuranceInsurance | 27,896.9727,896.97 | 302.45302.45 | 153.54153.54 | -0.58-0.58 | -12.98-12.98 | -1.16-1.16 | 10.3510.35 | 7.087.08 | 5.925.92 | |
| 11. | Star Health and Allied Insurance Company LtdSTARHEALTH | InsuranceInsurance | 23,864.1323,864.13 | 406.00406.00 | 28.2428.24 | 9.089.08 | -25.57-25.57 | -28.36-28.36 | 3.743.74 | 14.2914.29 | 16.3216.32 | |
| 12. | Niva Bupa Health Insurance Company LtdNIVABUPA | InsuranceInsurance | 15,305.0015,305.00 | 83.7783.77 | 186.94186.94 | 3.633.63 | 13.1713.17 | 13.1713.17 | 7.467.46 | 5.695.69 | 3.563.56 | |
| 13. | Medi Assist Healthcare Services LtdMEDIASSIST | InsuranceInsurance | 3,239.103,239.10 | 459.30459.30 | 48.3848.38 | 1.201.20 | -24.73-24.73 | -6.01-6.01 | 6.736.73 | 15.4815.48 | 16.3516.35 | |
| 14. | IIRM Holdings India LtdIIRM | InsuranceInsurance | 638.85638.85 | 93.7593.75 | 28.2228.22 | 0.330.33 | -41.90-41.90 | 271.58271.58 | 5.715.71 | -- | 28.8128.81 |
Update: Union Budget FY 2025-26 on Insurance Sector
The Union Budget 2025-26 introduced a significant policy shift for the insurance sector, such as -
- Attract greater capital inflows.
- Enhance competition.
- Improve product innovation in the insurance sector.
- FDI Limit Increase: Raised from 74% to 100%.
- Full Foreign Ownership: Allows foreign entities to fully own insurance companies in India.
- Objective:
- Attract greater capital inflows.
- Enhance competition.
- Improve product innovation in the insurance sector.
Overview of the Top Insurance Stocks in India
Life Insurance Corporation of India
Among the top insurance companies listed in India, Life Insurance Corporation of India (LIC) is a government-owned insurance giant providing life insurance, pension plans, and investment options. Founded in 1956, it dominates India's life insurance market with a vast network, offering financial protection and savings solutions to individuals and families nationwide.
Bajaj Finserv Ltd
Bajaj Finserv Ltd is a diversified financial services company offering lending, insurance, and wealth management solutions. It’s one of India’s private insurance firms, known for its consumer loans, insurance products, and asset management services.
SBI Life Insurance Company Ltd
SBI Life Insurance Company Ltd is a leading life insurance provider in India. Jointly owned by State Bank of India (SBI) and BNP Paribas Cardif, it offers a range of products, including term insurance, ULIPs, and savings plans. As one of the top life insurance stocks, they cater to individuals and groups with comprehensive financial security options.
HDFC Life Insurance Company Ltd
HDFC Life Insurance Company Ltd is a prominent private life insurer in India, offering a diverse portfolio of life insurance, pension, health, and savings plans. With innovative solutions and customer-focused digital insurance platforms, it continues to be a major player in the life insurance stocks category.
ICICI Prudential Life Insurance Company Ltd
ICICI Lombard General Insurance is one of the major general insurance stocks in India, offering motor, health, travel, and home insurance products. It provides a broad spectrum of life insurance and wealth-building solutions, including term plans, ULIPs, and retirement plans, delivering financial security with a strong emphasis on customer satisfaction.
Advantages of Investing in Insurance Stocks in India
Steady Revenue Streams
High-growth insurance shares generate consistent income through premium collections, providing stable cash flows even during economic downturns.
Diversification Benefits
Including insurance sector stocks in a portfolio may enhance diversification, as their performance often differs from other sectors, potentially reducing overall investment risk.
Long-Term Growth Potential
With low insurance penetration in India, there is significant room for insurance market growth in the the health coverage industry, presenting opportunities for long-term investors.
Inflation Hedge
Insurance companies, including health insurance stocks and motor insurance companies, often invest in assets that appreciate with inflation, helping to preserve and potentially increase investor value over time.
Regulatory Support
The Indian government and regulatory bodies have implemented policies favouring the insurance sector's growth, enhancing its stability and attractiveness to investors.
Technological Advancements
The adoption of digital insurance platforms and innovative products has expanded the reach of insurance investment firms, potentially leading to increased profitability and shareholder value.
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Factors to Consider Before Investing in Insurance Stocks
Financial Stability
Assess the insurer's financial health by examining profitability, revenue growth, and solvency ratios to ensure the company's ability to meet its obligations.
Regulatory Environment
Stay informed about regulations set by the Insurance Regulatory and Development Authority of India (IRDAI), as changes can significantly impact operations and profitability.
Market Position
Evaluate the company's market share and competitive edge, including brand reputation and product offerings, to determine its standing in the industry.
Product Diversification
A diverse product portfolio catering to various customer needs can mitigate risks and enhance growth prospects.
Economic Indicators
Consider macroeconomic factors like interest rates and economic growth, as they influence investment returns and insurance demand.
Claims History and Loss Ratios
Efficient underwriting and claims management practices help maintain healthy loss ratios. Firms with disciplined practices tend to show more stable insurance company valuation metrics.
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Frequently Asked Questions on Insurance Stocks
1. What is an insurance company?
Insurance companies create insurance products with risks in return for the payment of premiums. These companies may be mutual, i.e. owned by a group of policyholders, or proprietary, i.e. individuals. Insurance companies are also called insurers.2. How to identify the best insurance company in India?
When choosing a life insurance provider in India, important aspects to consider include the company’s reputation, its financial health, the variety of products it offers, its claim settlement record, the quality of customer service, and the affordability of premiums.3. What are the top insurance companies listed in India?
The leading listed insurance companies in India include Life Insurance Corporation of India (LIC), SBI Life Insurance, HDFC Life Insurance, ICICI Prudential Life Insurance, and ICICI Lombard General Insurance.4. How do interest rates affect insurance companies?
Fluctuations in interest rates impact the investment income of insurance companies, as they invest premium income in various financial instruments.5. Are insurance stocks suitable for long-term investment?
Due to the sector's growth potential, stable returns, and the essential nature of insurance products, insurance stocks can be suitable for long-term investment.6. How can I invest in insurance sector stocks in India?
You can invest in insurance brokerage stocks through Tickertape by selecting listed insurance companies and placing 'Buy' orders.
