MyStocks

MEMBER'S LOGINX

Remember Username
Keep me signed in

(Please do not use this option on a public machine)

Home
Outlook Arena
Top Insurance Stocks in India

Top Insurance Stocks in India

Insurance has been one of the main methods of long-term savings of most Indians. The insurance sector caters to this need by not only providing life insurance policies but also savings and endowment schemes.

However, the reach of the industry is still low in India. Annual premiums collected is around 4-5% of India’s GDP. The industry thus has huge growth potential.

As per industry estimates, by the end of the decade, annual first year premium of life insurers is expected to grow 10 times to US$ 300 bn in FY31 from an estimated US$ 30 bn in FY22.

The key driving forces behind the industry are India’s favourable demographics, a growing middle class, rising disposable incomes, and the growing awareness for the need of life insurance.

The industry is regulated by Insurance Regulatory and Development Authority of India (IRDAI). There are around 57 insurance companies in India, most of them in the private sector. They are divided into life and non-life categories.

Among the life insurance companies, Life Insurance Corporation of India (LIC) is the only company in the public sector and is by far the largest.

Among non-life insurance companies, there are six in the public sector. There is also one national public sector re-insurer, General Insurance Corporation of India (GIC Re).

A nascent InsureTech industry is growing rapidly in India due to the start-up boom. As per S&P Global Market Intelligence, India is already the second-largest insurance technology market in the Asia-Pacific region.

The government has taken several measures to support the industry including direct capital infusions in state-run general insurance companies, raising the FDI limit in the industry to 74% and listing LIC on the stock exchanges.

The future looks bring for this economically vital industry in India.

Here’s a list of insurance companies stocks in the Indian market.

Also check out Equitymaster's powerful stock screener to find the top insurance companies in India.

Why LIC Share Price is Falling
Mar 28, 2023
LIC shares dip to a new all-time low, decline 7% in five days. Here's why.

Why Insurance Stocks are Falling
Feb 2, 2023
Insurance companies face the heat after Nirmala Sitharaman in her Budget speech announced a new tax regime.

5 Takeaways from HDFC Life's Q1 Results
Jul 19, 2022
The private insurer reported good set of numbers, registering double-digit growth in all metrics.

These Insurance Stocks Are Up By More Than 10% In The Past Month. Here's Why
Jun 9, 2022
Despite the fall in LIC's stock price, these smaller players are up by more than 10%.

LIC: Let's Invest Cautiously...
May 2, 2022
The LIC IPO fever is gripping the country. There are many investors who want to participate. But will LIC create long term wealth for its shareholders?

LIC IPO Dates Announced. But is the Timing Right?
Apr 26, 2022
LIC's board is meeting today to finalise issue details such as price band, issue size, and more for its mega IPO.

All we Know About the LIC IPO so far...
Mar 9, 2022
If LIC's IPO is delayed, it would send the government's divestment revenue in this financial year to over a decade low.

LIC IPO: Will Retail Investors Dive in? Our Poll Suggests...
Feb 21, 2022
In a surprising turn of events, a poll conducted by Equitymaster suggests retail investors might stay away from LIC's hyped-IPO.

LIC IPO is Around the Corner. Here's what we Know...
Feb 4, 2022
After the Union Budget 2022, the euphoria around the LIC IPO has become crazier and wilder.

Tech Mahindra's CTC Acquisition: Too Expensive?
Jan 18, 2022
Tech Mahindra's acquisition of European IT-company fails to excite investors.

Why HDFC Life Insurance Share Price is Falling
Feb 6, 2023
Shares of HDFC Life tumble over 15% in five days. Find out why.

Why ICICI Prudential Share Price is Falling
Oct 31, 2022
The stock is down 11% in 2022 and 20% in the last year. Find out why.

Why HDFC Life Insurance Share Price is Falling
Jun 30, 2022
The stocks of private sector insurance companies including HDFC Life Insurance have corrected sharply in recent months owing to a slowdown in new business premium.

Are ULIPs a worthwhile Investment Option?
Jun 2, 2022
Unlike mutual funds, ULIPs have a complicated cost structure, which doesn't make them so promising.

All You Need to Know About the LIC IPO's Lot Size, Face Value, Price Band, and More...
Apr 27, 2022
In the grey market, shares of LIC are trading with a premium of Rs 20 at Rs 969 per share.

Short these Stocks on Rallies
Apr 20, 2022
I'm bearish on these stocks.

Top 2 Indian Companies Riding the Insurance Megatrend
Mar 8, 2022
A new law has opened up an investment opportunity in the insurance sector. Which companies make the cut?

LIC IPO is Here: 6 Things to Know Before Applying
Feb 15, 2022
LIC is set to smash all IPO records in Indian market history.

How to Evaluate the LIC IPO?
Jan 28, 2022
There is a credible alternative to buying insurance stocks.

Paytm IPO: Key Things to Know About India's Biggest IPO
Oct 30, 2021
Should you invest in Paytm's IPO given the negative cash flows and its history of losses?

<< Previous 20: << Previous 10

Next 10 >>: Next 20 >>

ABOUT EQUITYMASTER

Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.

PREMIUM PRODUCTS

QUICK LINKS

FREE NEWSLETTERS

EQUITYMASTER SUPPORTS

+91-9136015013

Equitymaster Agora Research Private Limited (Research Analyst)
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Email: info@equitymaster.com. Website: www.equitymaster.com.
CIN:U74999MH2007PTC175407

Name of the Compliance & Grievance Officer: Ms Sonal Ramachandran
Telephone: +91-22-61434003 | Email: compliance@equitymaster.com

LEGAL DISCLAIMER:
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

Corporate Actions

MEMBER'S LOGINX

Top Insurance Stocks in India

Why LIC Share Price is FallingMar 28, 2023LIC shares dip to a new all-time low, decline 7% in five days. Here's why.

Why Insurance Stocks are FallingFeb 2, 2023Insurance companies face the heat after Nirmala Sitharaman in her Budget speech announced a new tax regime.

5 Takeaways from HDFC Life's Q1 ResultsJul 19, 2022The private insurer reported good set of numbers, registering double-digit growth in all metrics.

These Insurance Stocks Are Up By More Than 10% In The Past Month. Here's WhyJun 9, 2022Despite the fall in LIC's stock price, these smaller players are up by more than 10%.

LIC: Let's Invest Cautiously...May 2, 2022The LIC IPO fever is gripping the country. There are many investors who want to participate. But will LIC create long term wealth for its shareholders?

LIC IPO Dates Announced. But is the Timing Right?Apr 26, 2022LIC's board is meeting today to finalise issue details such as price band, issue size, and more for its mega IPO.

All we Know About the LIC IPO so far...Mar 9, 2022If LIC's IPO is delayed, it would send the government's divestment revenue in this financial year to over a decade low.

LIC IPO: Will Retail Investors Dive in? Our Poll Suggests...Feb 21, 2022In a surprising turn of events, a poll conducted by Equitymaster suggests retail investors might stay away from LIC's hyped-IPO.

LIC IPO is Around the Corner. Here's what we Know...Feb 4, 2022After the Union Budget 2022, the euphoria around the LIC IPO has become crazier and wilder.

Tech Mahindra's CTC Acquisition: Too Expensive?Jan 18, 2022Tech Mahindra's acquisition of European IT-company fails to excite investors.

Why HDFC Life Insurance Share Price is FallingFeb 6, 2023Shares of HDFC Life tumble over 15% in five days. Find out why.

Why ICICI Prudential Share Price is FallingOct 31, 2022The stock is down 11% in 2022 and 20% in the last year. Find out why.

Why HDFC Life Insurance Share Price is FallingJun 30, 2022The stocks of private sector insurance companies including HDFC Life Insurance have corrected sharply in recent months owing to a slowdown in new business premium.

Are ULIPs a worthwhile Investment Option?Jun 2, 2022Unlike mutual funds, ULIPs have a complicated cost structure, which doesn't make them so promising.

All You Need to Know About the LIC IPO's Lot Size, Face Value, Price Band, and More...Apr 27, 2022In the grey market, shares of LIC are trading with a premium of Rs 20 at Rs 969 per share.

Short these Stocks on RalliesApr 20, 2022I'm bearish on these stocks.

Top 2 Indian Companies Riding the Insurance MegatrendMar 8, 2022A new law has opened up an investment opportunity in the insurance sector. Which companies make the cut?

LIC IPO is Here: 6 Things to Know Before ApplyingFeb 15, 2022LIC is set to smash all IPO records in Indian market history.

How to Evaluate the LIC IPO?Jan 28, 2022There is a credible alternative to buying insurance stocks.

Paytm IPO: Key Things to Know About India's Biggest IPOOct 30, 2021Should you invest in Paytm's IPO given the negative cash flows and its history of losses?