Top Insurance Stocks in India
After a sluggish 2023, insurance stocks in India have gained momentum in 2025. Life insurers are benefiting from renewed demand for protection products and ULIPs, while general insurers are seeing better underwriting discipline. Sector valuations have begun to stabilise after a period of compression.
Best Insurance Stocks
Tuesday, 8 July, 2025
| symbol | Company | ticker | slug | Sector | Market Price | 52W High | 52W Low | Market Cap (Cr.) | PE Ratio | Industry PE | PB Ratio | Div. Yield (%) | ROE (%) | 1YReturns | 3YReturns | 5YReturns | Market Cap Label | Industry Group | Industry | Sub Industry | percentageChange |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BJFS | Bajaj Finserv Ltd | BAJAJFINSV | /stocks/bajaj-finserv-BJFS | Insurance | 2,006.40 | 2,135.00 | 1,523.25 | 320,249.47 | 36.10 | 17.26 | 2.49 | 0.05 | 7.64 | 27.79 | 67.65 | 204.48 | Largecap | Financial Services | Insurance | Diversified Financial Services | 0.59 |
| GENA | General Insurance Corporation of India | GICRE | /stocks/general-insurance-corporation-of-india-GENA | Insurance | 378.40 | 525.50 | 347.00 | 66,386.50 | 8.93 | 17.26 | 1.20 | 2.64 | 13.31 | -9.33 | 228.19 | 150.02 | Midcap | Insurance | Insurance | Reinsurance | -0.98 |
| GODIG | Go Digit General Insurance Ltd | GODIGIT | /stocks/go-digit-general-insurance-GODIG | Insurance | 335.90 | 407.40 | 264.60 | 31,012.91 | 72.98 | 17.26 | 11.50 | 0.00 | 7.08 | -3.30 | 9.77 | 9.77 | Smallcap | Insurance | Insurance | Property & Casualty Insurance | -1.46 |
| HDFL | HDFC Life Insurance Company Ltd | HDFCLIFE | /stocks/hdfc-life-insurance-company-HDFL | Insurance | 789.45 | 820.75 | 584.30 | 170,059.69 | 93.91 | 17.26 | 10.53 | 0.27 | 11.75 | 27.15 | 42.35 | 35.50 | Largecap | Insurance | Insurance | Life & Health Insurance | 0.60 |
| ICIL | ICICI Lombard General Insurance Company Ltd | ICICIGI | /stocks/icici-lombard-general-insurance-company-ICIL | Insurance | 2,025.50 | 2,301.90 | 1,613.70 | 100,586.22 | 40.10 | 17.26 | 6.94 | 0.62 | 18.80 | 10.14 | 58.44 | 59.02 | Midcap | Insurance | Insurance | Property & Casualty Insurance | 0.56 |
| ICIR | ICICI Prudential Life Insurance Company Ltd | ICICIPRULI | /stocks/icici-prudential-life-insurance-company-ICIR | Insurance | 666.05 | 796.80 | 525.80 | 96,320.68 | 81.25 | 17.26 | 8.07 | 0.13 | 10.34 | 4.67 | 27.61 | 53.59 | Midcap | Insurance | Insurance | Life & Health Insurance | -0.23 |
| LIC | Life Insurance Corporation Of India | LICI | /stocks/life-insurance-corporation-of-india-LIC | Insurance | 943.70 | 1,222.00 | 715.30 | 596,890.03 | 12.35 | 17.26 | 7.20 | 1.27 | 63.31 | -6.87 | 35.19 | 7.82 | Largecap | Insurance | Insurance | Life & Health Insurance | 0.33 |
| MAXI | Max Financial Services Ltd | MFSL | /stocks/max-financial-services-MAXI | Insurance | 1,568.50 | 1,666.90 | 950.00 | 54,131.25 | 165.43 | 17.26 | 12.39 | 0.00 | 8.16 | 57.98 | 82.35 | 180.44 | Midcap | Insurance | Insurance | Life & Health Insurance | 0.22 |
| MEDIS | Medi Assist Healthcare Services Ltd | MEDIASSIST | /stocks/medi-assist-healthcare-services-MEDIS | Insurance | 522.75 | 716.15 | 415.25 | 3,687.38 | 40.57 | 17.26 | 7.66 | 0.00 | 15.48 | -2.06 | 12.64 | 12.64 | Smallcap | Health Care Equipment & Services | Insurance | Managed Health Care | 5.78 |
| NIVA | Niva Bupa Health Insurance Company Ltd | NIVABUPA | /stocks/niva-bupa-health-insurance-company-NIVA | Insurance | 83.88 | 109.34 | 68.54 | 15,476.33 | 72.48 | 17.26 | 7.55 | 0.00 | 5.69 | 13.32 | 13.32 | 13.32 | Smallcap | Insurance | Insurance | Life & Health Insurance | -0.13 |
| SBIL | SBI Life Insurance Company Ltd | SBILIFE | /stocks/sbi-life-insurance-company-SBIL | Insurance | 1,808.30 | 1,936.00 | 1,372.55 | 181,255.19 | 75.11 | 17.26 | 12.16 | 0.15 | 13.56 | 19.36 | 60.79 | 108.17 | Largecap | Insurance | Insurance | Life & Health Insurance | 0.48 |
| STARH | Star Health and Allied Insurance Company Ltd | STARHEALTH | /stocks/star-health-and-allied-insurance-company-STARH | Insurance | 422.00 | 647.00 | 327.30 | 24,805.43 | 38.41 | 17.26 | 3.89 | 0.00 | 14.29 | -27.16 | -20.66 | -53.47 | Smallcap | Insurance | Insurance | Life & Health Insurance | 1.35 |
| SUD | IIRM Holdings India Ltd | IIRM | /stocks/sudev-industries-SUD | Insurance | 73.39 | 171.95 | 45.25 | 500.11 | 23.12 | 17.26 | 4.47 | 0.00 | 0.00 | 62.19 | 367.15 | 367.15 | Smallcap | null | Insurance | null | -0.55 |
| THEE | New India Assurance Company Ltd | NIACL | /stocks/new-india-assurance-company-THEE | Insurance | 187.20 | 310.11 | 135.60 | 30,850.56 | 29.76 | 17.26 | 1.09 | 1.10 | 4.11 | -32.13 | 131.40 | 59.25 | Smallcap | Insurance | Insurance | Property & Casualty Insurance | 0.68 |
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
Note: The data on this list of insurance stocks is dynamic in nature and subject to real-time changes. This data is derived from Tickertape Stock Screener.
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What are Insurance Stocks?
Investing companies offer various insurance products to individuals and businesses. The stock’s value and dividends depend on the insurance company’s financial health and profitability. When considering investments, knowing the best insurance company in India or the top 10 insurance companies in India by market share can guide better decisions.
About the Best Insurance Sector Stocks
- Life Insurance Corporation of India (LIC): Life Insurance Corporation of India is not only the largest insurance company in India but also a state-owned insurance giant that provides a range of life insurance products tailored to individual and group needs.
- Bajaj Finserv Ltd: Bajaj Finserv Ltd, a diversified financial services company, operates in insurance, lending, and wealth management through its subsidiaries.
- SBI Life Insurance Company Ltd: SBI Life Insurance Company Ltd, a leading private insurer, offers a wide array of life insurance and pension products for individuals and corporates.
- HDFC Life Insurance Company Ltd: HDFC Life Insurance Company Ltd, known for its innovative life and health insurance solutions, serves diverse customer segments across India.
- ICICI Prudential Life Insurance Company Ltd: ICICI Prudential Life Insurance Company Ltd is a prominent player in the private insurance company sector in India.
Budget Updates 2025-26 for the Insurance Sector
The Union Budget 2025-26 introduced a significant policy shift for the insurance sector, with Finance Minister Nirmala Sitharaman announcing an increase in the foreign direct investment (FDI) limit from 74% to 100%. This move allows foreign entities to fully own insurance companies in India, a reform aimed at attracting greater capital inflows, enhancing competition, and improving product innovation within the sector.
How to Invest in Insurance Stocks in India?
Here are the steps involved when investing in insurance stocks:
- Open a brokerage account with a stockbroker. You can also open a demat account with smallcase!
- Fund your brokerage account.
- Search for the best insurance stocks India. You can utilise the Tickertape Stocks Screener and use their 200+ filters to sort through the top insurance stocks 2025.
- Place a buy order on the insurance stocks with high returns
Features of Insurance Stocks in India
- Regulatory Oversight: The insurance sector investment opportunities operate under stringent regulatory standards, ensuring compliance and investor protection.
- Diversification Opportunities: Leading insurance companies in India offer a range of products catering to various market insurance segments, providing investors with diversification options.
- Economic Resilience: Insurance company shares exhibit resilience during economic downturns due to the stable demand for insurance products.
- Technological Innovation: Top insurance companies India leverage technology to enhance operational efficiency and develop innovative products and services.
Benefits of Investing in Insurance Stocks
- Diversification: Including listed insurance companies in India can diversify portfolios, reducing overall risk.
- Inflation Hedge: Insurance premiums may adjust for inflation, helping investors hedge against purchasing power erosion.
- Resilience: Despite economic conditions, the best insurance company in India often maintain stable revenue streams.
Risks of Investing in Insurance Stocks
- Regulatory Risks: Insurance companies are subject to strict regulations imposed by government authorities. Regulation changes, such as alterations in capital requirements or policy mandates, can significantly impact their operations and profitability.
- Underwriting Risks: Even the top insurance companies face underwriting risks associated with the accuracy of their risk assessment and pricing models. If an insurer underestimates the risks associated with policies it issues, it may face higher-than-expected claims payouts, leading to financial losses.
- Reputational Risks: Insurers rely on their reputation and brand image to attract policyholders and investors. Negative publicity, such as scandals, lawsuits, or poor customer service, can damage an insurer’s reputation and erode stakeholder trust, impacting its business operations and financial performance.
Factors to Consider Before Investing in Insurance Stocks
- Market Position and Competition: You can assess the insurance company’s market share, distribution network, product range, growth potential, and brand reputation compared to its competitors.
- Corporate Governance and Management: You can look into the company’s governance practices and the quality of its management team, considering aspects like integrity, transparency, and aligning interests with shareholders.
- Financial Performance: You can also examine the company’s revenue growth, profitability, and return on equity. Key areas to review include premium growth, expense management, investment income, and claims experience of the insurance sector stocks.
- Technology and Innovation: Consider the company’s adoption of technology and innovation to enhance operational efficiency, competitive advantage, and customer experience.
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To Wrap It Up…
Indian insurance stocks in 2025 reflect improving fundamentals and growing investor confidence. While challenges like product regulation and competitive intensity remain, stronger capital positions and product diversification offer upside in the medium term.
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Frequently Asked Questions About Insurance Stocks
1. Which types of insurance companies are listed in India?
India has listed players in both life insurance (e.g., LIC, HDFC Life, SBI Life) and general insurance (e.g., ICICI Lombard, New India Assurance). A few insurance brokers and intermediaries are also listed.
2. Why are life insurance stocks India being re-rated in 2025?
Life insurers are seeing margin expansion due to improved product mix (higher share of protection and annuity products), better cost control, and rising retail demand for long-term savings and cover.
3. How to compare insurance shares?
Financial websites and online brokerage platforms provide tools to compare key metrics such as price-to-earnings ratio (P/E), return on equity (ROE), and dividend yield.
4. Are insurance stock investments safe?
Insurance companies typically generate consistent cash flow from recurring premiums but remain vulnerable to market shifts and economic conditions.
5. What is IRDAI’s role in the performance of insurance companies?
IRDAI, India’s insurance regulator, sets norms around product design, capital adequacy, and distribution. Recent steps like allowing greater product flexibility and reducing solvency constraints have supported insurer profitability.
