The below table shows the best insurance stocks in India based on the highest market capitalization.
| SL No. | Stocks | Market Cap (₹ Cr) | Closing Price (₹) |
| 1 | Life Insurance Corporation Of India | 3,85,034.24 | 608.75 |
| 2 | Bajaj Finserv Ltd | 2,73,820.31 | 1,719.25 |
| 3 | SBI Life Insurance Company Ltd | 1,19,064.91 | 1,189.80 |
| 4 | HDFC Life Insurance Company Ltd | 1,12,559.35 | 523.75 |
| 5 | ICICI Prudential Life Insurance Company Ltd | 73,322.76 | 509.7 |
| 6 | ICICI Lombard General Insurance Company Ltd | 55,609.16 | 1,132.35 |
| 7 | Star Health and Allied Insurance Company Ltd | 41,303.50 | 716.95 |
| 8 | Max Financial Services Ltd | 24,630.84 | 713.7 |
| 9 | General Insurance Corporation of India | 21,535.26 | 122.75 |
| 10 | New India Assurance Company Ltd | 14,106.88 | 85.6 |
Insurance has become inextricably linked to our daily lives. It is an old industry that will continue to exist for a very long time. It instills in us the much-needed assurance that our loved ones will be taken care of in our absence.
At the very least, one person has a policy issued in their name. While policies are necessary, consider investing in insurance stocks, which can provide a considerably higher rate of return!
This article will show you the insurance stocks in India that are worth investing in.
Content:
- Insurance Stocks India with Highest Net Profit Margin
- Insurance Sector Stocks that pay Highest Dividend
- Insurance Company Shares with Good EPS
- Best Insurance Stocks in India with Largest Volume
- Short Introduction To Top 3 Companies From Each Table Above
Insurance Stocks India with Highest Net Profit Margin
| SL No. | Stocks | Market Cap (₹ Cr) | Closing Price (₹) | Net Profit Margin (%) |
| 1 | ICICI Lombard General Insurance Company Ltd | 56,225.48 | 1,144.90 | 7.55 |
| 2 | Bajaj Finserv Ltd | 2,70,595.15 | 1,699.00 | 6.66 |
| 3 | General Insurance Corporation of India | 22,079.12 | 125.85 | 4.8 |
| 4 | HDFC Life Insurance Company Ltd | 1,13,225.57 | 526.85 | 1.95 |
| 5 | SBI Life Insurance Company Ltd | 1,24,408.72 | 1,243.20 | 1.79 |
| 6 | ICICI Prudential Life Insurance Company Ltd | 75,178.48 | 522.6 | 1.18 |
| 7 | Max Financial Services Ltd | 26,618.70 | 771.3 | 0.81 |
| 8 | Life Insurance Corporation Of India | 3,94,996.11 | 624.5 | 0.57 |
| 9 | New India Assurance Company Ltd | 14,502.40 | 88 | 0.54 |
| 10 | Star Health and Allied Insurance Company Ltd | 41,424.48 | 719.05 | -9.81 |
Insurance Sector Stocks that pay Highest Dividend
| SL No. | Stocks | Market Cap (₹ Cr) | Closing Price (₹) | Dividend per Share (₹) |
| 1 | ICICI Lombard General Insurance Company Ltd | 56,225.48 | 1,144.90 | 9 |
| 2 | General Insurance Corporation of India | 22,079.12 | 125.85 | 2.25 |
| 3 | SBI Life Insurance Company Ltd | 1,24,408.72 | 1,243.20 | 2 |
| 4 | HDFC Life Insurance Company Ltd | 1,13,225.57 | 526.85 | 1.7 |
| 5 | ICICI Prudential Life Insurance Company Ltd | 75,178.48 | 522.6 | 0.55 |
| 6 | Bajaj Finserv Ltd | 2,70,595.15 | 1,699.00 | 0.4 |
| 7 | New India Assurance Company Ltd | 14,502.40 | 88 | 0.3 |
| 8 | Max Financial Services Ltd | 26,618.70 | 771.3 | 0 |
| 9 | Star Health and Allied Insurance Company Ltd | 41,424.48 | 719.05 | 0 |
| 10 | Life Insurance Corporation Of India | 3,94,996.11 | 624.5 | 0 |
Insurance Company Shares with Good EPS
| SL No. | Stocks | Market Cap (₹ Cr) | Closing Price (₹) | Earnings Per Share (₹) |
| 1 | Bajaj Finserv Ltd | 2,70,595.15 | 1,699.00 | 28.63 |
| 2 | ICICI Lombard General Insurance Company Ltd | 56,225.48 | 1,144.90 | 26.89 |
| 3 | SBI Life Insurance Company Ltd | 1,24,408.72 | 1,243.20 | 15.06 |
| 4 | General Insurance Corporation of India | 22,079.12 | 125.85 | 13.6 |
| 5 | Max Financial Services Ltd | 26,618.70 | 771.30 | 7.34 |
| 6 | HDFC Life Insurance Company Ltd | 1,13,225.57 | 526.85 | 6.42 |
| 7 | ICICI Prudential Life Insurance Company Ltd | 75,178.48 | 522.6 | 5.28 |
| 8 | New India Assurance Company Ltd | 14,502.40 | 88 | 1.18 |
| 9 | Life Insurance Corporation Of India | 3,94,996.11 | 624.5 | 0 |
| 10 | Star Health and Allied Insurance Company Ltd | 41,424.48 | 719.05 | -18.52 |
Best Insurance Stocks in India with Largest Volume
| SL No. | Stocks | Market Cap (₹ Cr) | Closing Price (₹) | Daily Volume |
| 1 | HDFC Life Insurance Company Ltd | 1,13,225.57 | 526.85 | 27,62,228.00 |
| 2 | ICICI Prudential Life Insurance Company Ltd | 75,178.48 | 522.60 | 18,32,202.00 |
| 3 | Bajaj Finserv Ltd | 2,70,595.15 | 1,699.00 | 11,50,275.00 |
| 4 | ICICI Lombard General Insurance Company Ltd | 56,225.48 | 1,144.90 | 11,34,702.00 |
| 5 | Life Insurance Corporation Of India | 3,94,996.11 | 624.50 | 6,44,846.00 |
| 6 | SBI Life Insurance Company Ltd | 1,24,408.72 | 1,243.20 | 5,70,691.00 |
| 7 | Max Financial Services Ltd | 26,618.70 | 771.3 | 2,04,408.00 |
| 8 | New India Assurance Company Ltd | 14,502.40 | 88.00 | 1,55,208.00 |
| 9 | General Insurance Corporation of India | 22,079.12 | 125.85 | 95,844.00 |
| 10 | Star Health and Allied Insurance Company Ltd | 41,424.48 | 719.05 | 84,643.00 |
Looking for the Best Stocks in different sectors? Check out the following articles:
Short Introduction To Top 3 Companies From Each Table Above
Insurance Stocks India with Highest Net Profit Margin
ICICI Lombard General Insurance Company Ltd
ICICI Lombard General Insurance Firm Limited is an Indian general insurance company based in Mumbai, India. Its operations include general insurance, reinsurance, insurance claims handling, and investment management.
The corporation has a GWP of 143.20 billion (FY 2021). Through its intermediaries and website, the company provides policy insurance and renewal. It sells assurance goods such as auto insurance, health insurance, international travel insurance, overseas student travel insurance, two-wheeler insurance, home insurance, and weather insurance. ICICI Lombard operates 273 branches and 840 virtual offices across the country.
Bajaj Finserv Ltd
Bajaj Finserv Limited is a non-banking financial services firm headquartered in Pune, India. It is mostly concerned with loans, asset management, wealth management, and insurance.
The corporation employs about 20,154 people at 1,409 different sites and is involved in consumer financing, life insurance, and general insurance. In addition to financial services, it is involved in wind energy generation, with a total installed capacity of 65.2 MW.
General Insurance Corporation of India
Reinsurance is something that General Insurance Corporation of India specializes in. Its domestic business offers reinsurance coverage to direct general insurance firms on the Indian subcontinent, while its international business offers the same coverage to a number of businesses located in other countries.
Insurance Sector Stocks that pay Highest Dividend
ICICI Lombard General Insurance Company Ltd
ICICI Lombard General Insurance Firm Limited is an Indian general insurance company based in Mumbai, India. Its operations include general insurance, reinsurance, insurance claims handling, and investment management.
The corporation has a GWP of 143.20 billion (FY 2021). Through its intermediaries and website, the company provides policy insurance and renewal. It sells assurance goods such as auto insurance, health insurance, international travel insurance, overseas student travel insurance, two-wheeler insurance, home insurance, and weather insurance. ICICI Lombard operates 273 branches and 840 virtual offices across the country.
General Insurance Corporation of India
Reinsurance is something that General Insurance Corporation of India specializes in. Its domestic business offers reinsurance coverage to direct general insurance firms on the Indian subcontinent, while its international business offers the same coverage to a number of businesses located in other countries.
SBI Life Insurance Company Ltd
SBI Life is an Indian life insurance company founded by the State Bank of India (SBI) and the French financial corporation BNP Paribas Cardif. SBI owns a 55.50% stake in the company, while BNP Paribas Cardif owns 0.22%. Other investors include Value Line Pte. Ltd. and MacRitchie Investments Pte. Ltd., each with a 1.95% stake, with the remaining 12% held by public investors. SBI Life has a paid-up capital of ₹10 billion (US$130 million) and authorized capital of ₹20 billion (US$270 million). The AuM stands at ₹2,441.8 billion.
Insurance Company Shares with Good EPS
Bajaj Finserv Ltd
Bajaj Finserv Limited is a non-banking financial services firm headquartered in Pune, India. It is mostly concerned with loans, asset management, wealth management, and insurance.
The corporation employs about 20,154 people at 1,409 different sites and is involved in consumer financing, life insurance, and general insurance. In addition to financial services, it is involved in wind energy generation, with a total installed capacity of 65.2 MW.
ICICI Lombard General Insurance Company Ltd
ICICI Lombard General Insurance Firm Limited is an Indian general insurance company based in Mumbai, India. Its operations include general insurance, reinsurance, insurance claims handling, and investment management.
The corporation has a GWP of 143.20 billion (FY 2021). Through its intermediaries and website, the company provides policy insurance and renewal. It sells assurance goods such as auto insurance, health insurance, international travel insurance, overseas student travel insurance, two-wheeler insurance, home insurance, and weather insurance. ICICI Lombard operates 273 branches and 840 virtual offices across the country.
SBI Life Insurance Company Ltd
SBI Life is an Indian life insurance company founded by the State Bank of India (SBI) and the French financial corporation BNP Paribas Cardif. SBI owns a 55.50% stake in the company, while BNP Paribas Cardif owns 0.22%. Other investors include Value Line Pte. Ltd. and MacRitchie Investments Pte. Ltd., each with a 1.95% stake, with the remaining 12% held by public investors. SBI Life has a paid-up capital of ₹10 billion (US$130 million) and authorized capital of ₹20 billion (US$270 million). The AuM stands at ₹2,441.8 billion.
Best Insurance Stocks in India with Largest Volume
HDFC Life Insurance Company Ltd
HDFC Life Insurance Company Ltd. (HDFC Life) is a long-term life insurance provider headquartered in Mumbai that provides individual and group insurance services. It was founded on August 14, 2000.
The company collaborates between HDFC, one of India’s top home finance organizations, and Abrdn, a worldwide investment firm. HDFC Ltd. and Standard Life (Mauritius Holdings) 2006 Ltd. own 51.69% and 34.75% of HDFC Life, respectively, as of March 31, 2020. The remaining equity is owned by the general population.
ICICI Prudential Life Insurance Company Ltd
In India, ICICI Prudential Life Insurance Firm Limited is a life insurance company. ICICI Prudential Life is a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited specializing in life insurance and asset management. In 2016, the company became India’s first insurance company to be listed on the local stock exchanges.
Bajaj Finserv Ltd
Bajaj Finserv Limited is a non-banking financial services firm headquartered in Pune, India. It is mostly concerned with loans, asset management, wealth management, and insurance.
The corporation employs about 20,154 people at 1,409 different sites and is involved in consumer financing, life insurance, and general insurance. In addition to financial services, it is involved in wind energy generation, with a total installed capacity of 65.2 MW.
Here are some of the Best Stock Research Articles listed based on Top Sectors (Industries), Market Cap, and Fundamental Analysis Factors:
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
