Best Insurance Stocks to Buy in India

March 22, 2023

Best Insurance Stocks to Buy in India

The below table shows the best insurance stocks in India based on the highest market capitalization.

SL No.StocksMarket Cap (₹ Cr)Closing Price (₹)
1Life Insurance Corporation Of India3,85,034.24608.75
2Bajaj Finserv Ltd2,73,820.311,719.25
3SBI Life Insurance Company Ltd1,19,064.911,189.80
4HDFC Life Insurance Company Ltd1,12,559.35523.75
5ICICI Prudential Life Insurance Company Ltd73,322.76509.7
6ICICI Lombard General Insurance Company Ltd55,609.161,132.35
7Star Health and Allied Insurance Company Ltd41,303.50716.95
8Max Financial Services Ltd24,630.84713.7
9General Insurance Corporation of India21,535.26122.75
10New India Assurance Company Ltd14,106.8885.6

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

SL No.StocksMarket Cap (₹ Cr)Closing Price (₹)Net Profit Margin (%)
1ICICI Lombard General Insurance Company Ltd56,225.481,144.907.55
2Bajaj Finserv Ltd2,70,595.151,699.006.66
3General Insurance Corporation of India22,079.12125.854.8
4HDFC Life Insurance Company Ltd1,13,225.57526.851.95
5SBI Life Insurance Company Ltd1,24,408.721,243.201.79
6ICICI Prudential Life Insurance Company Ltd75,178.48522.61.18
7Max Financial Services Ltd26,618.70771.30.81
8Life Insurance Corporation Of India3,94,996.11624.50.57
9New India Assurance Company Ltd14,502.40880.54
10Star Health and Allied Insurance Company Ltd41,424.48719.05-9.81

Insurance Sector Stocks that pay Highest Dividend

SL No.StocksMarket Cap (₹ Cr)Closing Price (₹)Dividend per Share (₹)
1ICICI Lombard General Insurance Company Ltd56,225.481,144.909
2General Insurance Corporation of India22,079.12125.852.25
3SBI Life Insurance Company Ltd1,24,408.721,243.202
4HDFC Life Insurance Company Ltd1,13,225.57526.851.7
5ICICI Prudential Life Insurance Company Ltd75,178.48522.60.55
6Bajaj Finserv Ltd2,70,595.151,699.000.4
7New India Assurance Company Ltd14,502.40880.3
8Max Financial Services Ltd26,618.70771.30
9Star Health and Allied Insurance Company Ltd41,424.48719.050
10Life Insurance Corporation Of India3,94,996.11624.50

Insurance Company Shares with Good EPS

SL No.StocksMarket Cap (₹ Cr)Closing Price (₹)Earnings Per Share (₹)
1Bajaj Finserv Ltd2,70,595.151,699.0028.63
2ICICI Lombard General Insurance Company Ltd56,225.481,144.9026.89
3SBI Life Insurance Company Ltd1,24,408.721,243.2015.06
4General Insurance Corporation of India22,079.12125.8513.6
5Max Financial Services Ltd26,618.70771.307.34
6HDFC Life Insurance Company Ltd1,13,225.57526.856.42
7ICICI Prudential Life Insurance Company Ltd75,178.48522.65.28
8New India Assurance Company Ltd14,502.40881.18
9Life Insurance Corporation Of India3,94,996.11624.50
10Star Health and Allied Insurance Company Ltd41,424.48719.05-18.52

Best Insurance Stocks in India with Largest Volume

SL No.StocksMarket Cap (₹ Cr)Closing Price (₹)Daily Volume
1HDFC Life Insurance Company Ltd1,13,225.57526.8527,62,228.00
2ICICI Prudential Life Insurance Company Ltd75,178.48522.6018,32,202.00
3Bajaj Finserv Ltd2,70,595.151,699.0011,50,275.00
4ICICI Lombard General Insurance Company Ltd56,225.481,144.9011,34,702.00
5Life Insurance Corporation Of India3,94,996.11624.506,44,846.00
6SBI Life Insurance Company Ltd1,24,408.721,243.205,70,691.00
7Max Financial Services Ltd26,618.70771.32,04,408.00
8New India Assurance Company Ltd14,502.4088.001,55,208.00
9General Insurance Corporation of India22,079.12125.8595,844.00
10Star Health and Allied Insurance Company Ltd41,424.48719.0584,643.00

Looking for the Best Stocks in different sectors? Check out the following articles:

Best Banking Stocks in India
Best Blue Chip Stocks in India
Top 10 FMCG Companies in India
Top Pharma Companies in India
Best IT Sector Stocks
Agricultural Stocks in India
Best Auto Sector Stocks in India
Best Renewable Energy Stocks in India
Best Hotel Stocks in India
Fertilizer Stocks in India
Metal Stocks

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.

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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.

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