Best Insurance Stocks to Buy in India

August 22, 2023

Best Insurance Stocks to Buy in India

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

Insurance StocksSubsectorMarket Price
Life Insurance Corporation Of India3,92,592.61620.35
Bajaj Finserv Ltd2,57,435.031,644.10
HDFC Life Insurance Company Ltd1,41,101.76659.05
SBI Life Insurance Company Ltd1,31,581.941,310.45
ICICI Prudential Life Insurance Company Ltd82,700.19559.45
ICICI Lombard General Insurance Company Ltd66,393.201,366.45
Star Health and Allied Insurance Company Ltd36,999.37638.45
General Insurance Corporation of India32,851.14187.3
Max Financial Services Ltd28,644.53822.35
New India Assurance Company19,050.88116.2

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

The table below shows Insurance stocks India based on 1 Year Return.

Insurance StocksMarket PriceClose Price1 Year return
General Insurance Corporation of India35,517.83202.4564.86
New India Assurance Company Ltd20,698.88125.6036.82
HDFC Life Insurance Company Ltd1,35,069.81628.406.63
Max Financial Services Ltd29,619.48858.252.42
ICICI Lombard General Insurance Company Ltd66,054.621,344.65-0.8
SBI Life Insurance Company Ltd1,28,569.031,291.30-1.08
Life Insurance Corporation Of India4,17,228.47659.65-5.49
ICICI Prudential Life Insurance Company Ltd78,208.90543.35-6.4
Star Health and Allied Insurance Company Ltd36,263.52623.4-11.34
Bajaj Finserv Ltd2,34,933.531,476.85-12.3

Insurance Sector Stocks

The table below shows Insurance sector stocks based on 1 Month Return.

Insurance StocksMarket PriceClose Price1 Month return.
Max Financial Services Ltd28,644.53822.3519.29
Star Health and Allied Insurance Company Ltd36,999.37638.4517.98
ICICI Lombard General Insurance Company Ltd66,393.201,366.458.46
Bajaj Finserv Ltd2,57,435.031,644.106.62
HDFC Life Insurance Company Ltd1,41,101.76659.055.19
SBI Life Insurance Company Ltd1,31,581.941,310.452.34
ICICI Prudential Life Insurance Company Ltd82,700.19559.451.86
Life Insurance Corporation Of India3,92,592.61620.350.33
General Insurance Corporation of India32,851.14187.3-0.58
New India Assurance Company L19,050.88116.2-4.79

Best Insurance Stocks in India

The below table shows the Best Insurance Stocks in India based on the Daily Volume.

SL No.Stock NameMarket Cap (₹ Crores)Close Price (₹)Daily Volume
1HDFC Life Insurance Company Ltd1,34,654.34626.5570,87,287.00
2Bajaj Finserv Ltd2,45,289.471,541.9534,46,484.00
3ICICI Prudential Life Insurance Company Ltd79,014.15549.2526,43,105.00
4Life Insurance Corporation Of India3,91,074.61618.325,00,627.00
5New India Assurance Company Ltd20,113.84122.0513,58,174.00
6Star Health and Allied Insurance Company Ltd31,478.99541.1512,18,547.00
7General Insurance Corporation of India33,052.90188.49,25,839.00
8SBI Life Insurance Company Ltd1,28,165.461,280.507,41,782.00
9Max Financial Services Ltd23,686.07689.356,04,369.00
10ICICI Lombard General Insurance Company Ltd61,881.041,259.903,54,553.00

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Short Introduction To Top 3 Companies From Each Table Above

Insurance Stocks India with 1 Year Return

General Insurance Corporation of India

General Insurance Corporation of India (GIC Re) is a leading reinsurance company in India. As the national reinsurer, it provides reinsurance services to insurance companies across various lines of business, including property, marine, engineering, and agriculture insurance.

New India Assurance Company Ltd

New India Assurance Company Ltd. is one of India’s largest and oldest general insurance companies. It offers a comprehensive range of insurance products, including motor, health, property, and liability insurance.

HDFC Life Insurance Company Ltd

HDFC Life Insurance Company Ltd is one of India’s leading private life insurance companies. They offer a diverse portfolio of life insurance products, including term plans, savings plans, and pension plans.

Insurance Sector Stocks with 1 Month Return

Max Financial Services Ltd

Max Financial Services Ltd is the holding company of Max Life Insurance Company Ltd. It provides financial and strategic support to its subsidiary. Max Life Insurance is one of India’s leading private life insurance companies.

Star Health and Allied Insurance Company Ltd

Star Health and Allied Insurance Company Ltd is India’s specialized health insurance provider. They offer a wide range of health insurance products, including individual health plans, family health plans, and senior citizen health insurance.

ICICI Lombard General Insurance Company Ltd

ICICI Lombard General Insurance Company Ltd is one of India’s largest private sector general insurance companies. They provide a comprehensive range of insurance products, including motor, health, travel, and home insurance.

Best Insurance Stocks in India with Largest Volume

HDFC Life Insurance Company Ltd

HDFC Life Insurance Company Ltd is one of India’s leading private life insurance companies. They offer a diverse portfolio of life insurance products, including term plans, savings plans, and pension plans.

Bajaj Finserv Ltd

Bajaj Finserv Ltd. is a diversified financial services company in India. Its subsidiaries offer various financial products and services, such as consumer finance, home loans, insurance, and wealth management.

ICICI Prudential Life Insurance Company Ltd

ICICI Prudential Life Insurance Company Ltd is a joint venture between ICICI Bank and Prudential Corporation Holdings Limited. It offers a comprehensive range of life insurance products catering to various customer needs.

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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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