List of Insurance Stocks in India (2025)
India is one of the fastest-growing insurance markets globally, ranking fifth among emerging economies. With the insurance sector expanding at a rate of nearly 32-34% annually, insurance stocks in India have attracted growing attention from investors seeking exposure to this developing sector.
Best Insurance Sector Stocks in India (2025)
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| NameStocks (15)↓ | ↓Sub-SectorSub-Sector↓ | ↓Market CapMarket Cap↓ | ↓Close PriceClose Price↓ | ↓PE RatioPE Ratio↓ | ↓1D Return1D Return↓ | ↓1M Return1M Return↓ | ↓6M Return6M Return↓ | ↓1Y Return1Y Return↓ | ↓PB RatioPB Ratio↓ | ↓Return on EquityReturn on Equity↓ | ↓ROCEROCE↓ | ↓Dividend YieldDiv Yield↓ | ↓Debt to EquityDebt to Equity↓ | ↓Volatility vs NiftyVolatility vs Nifty↓ | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Life Insurance Corporation Of IndiaLICI | InsuranceInsurance | 5,49,041.435,49,041.43 | 876.65876.65 | 11.3611.36 | 0.990.99 | -5.85-5.85 | -8.04-8.04 | -9.75-9.75 | 4.314.31 | 45.9345.93 | 1.001.00 | 1.381.38 | 0.000.00 | 1.851.85 | |
| 2. | Bajaj Finserv LtdBAJAJFINSV | InsuranceInsurance | 3,26,677.853,26,677.85 | 2,049.202,049.20 | 36.8236.82 | 0.160.16 | -1.96-1.96 | 4.764.76 | 25.8625.86 | 2.542.54 | 7.647.64 | 5.275.27 | 0.050.05 | 2.772.77 | 2.032.03 | |
| 3. | SBI Life Insurance Company LtdSBILIFE | InsuranceInsurance | 1,97,813.681,97,813.68 | 2,002.902,002.90 | 81.9781.97 | 1.531.53 | 0.150.15 | 12.7812.78 | 37.8837.88 | 11.6511.65 | 15.1315.13 | 0.600.60 | 0.140.14 | 0.000.00 | 1.621.62 | |
| 4. | HDFC Life Insurance Company LtdHDFCLIFE | InsuranceInsurance | 1,62,143.441,62,143.44 | 760.80760.80 | 89.5489.54 | 1.181.18 | 2.152.15 | 0.260.26 | 17.0017.00 | 10.0410.04 | 11.7511.75 | 0.380.38 | 0.280.28 | 0.180.18 | 1.701.70 | |
| 5. | ICICI Lombard General Insurance Company LtdICICIGI | InsuranceInsurance | 98,220.8498,220.84 | 1,983.001,983.00 | 39.1639.16 | 0.540.54 | -2.26-2.26 | 5.855.85 | 1.651.65 | 6.786.78 | 18.8018.80 | 22.1722.17 | 0.630.63 | 0.000.00 | 2.022.02 | |
| 6. | ICICI Prudential Life Insurance Company LtdICICIPRULI | InsuranceInsurance | 88,470.4688,470.46 | 615.35615.35 | 74.6374.63 | 0.670.67 | 1.961.96 | -4.39-4.39 | -8.94-8.94 | 7.417.41 | 10.3410.34 | 0.510.51 | 0.140.14 | 0.220.22 | 1.791.79 | |
| 7. | General Insurance Corporation of IndiaGICRE | InsuranceInsurance | 67,772.4767,772.47 | 384.40384.40 | 9.129.12 | -0.49-0.49 | 2.052.05 | -3.62-3.62 | -6.65-6.65 | 1.101.10 | 12.7312.73 | 10.2510.25 | 2.592.59 | 0.000.00 | 2.932.93 | |
| 8. | Max Financial Services LtdMFSL | InsuranceInsurance | 57,454.7157,454.71 | 1,689.401,689.40 | 175.58175.58 | 1.481.48 | 6.146.14 | 12.2212.22 | 44.4044.40 | 8.978.97 | 6.076.07 | 6.646.64 | -- | 0.160.16 | 1.921.92 | |
| 9. | Go Digit General Insurance LtdGODIGIT | InsuranceInsurance | 31,846.9031,846.90 | 346.25346.25 | 74.9474.94 | 0.390.39 | -4.72-4.72 | 3.363.36 | 0.580.58 | 7.387.38 | 12.0812.08 | 9.119.11 | -- | 0.080.08 | 2.652.65 | |
| 10. | Star Health and Allied Insurance Company LtdSTARHEALTH | InsuranceInsurance | 27,724.7827,724.78 | 465.00465.00 | 42.9342.93 | -1.39-1.39 | -2.84-2.84 | -0.45-0.45 | -5.29-5.29 | 3.933.93 | 9.619.61 | 11.6611.66 | -- | 0.070.07 | 2.162.16 | |
| 11. | New India Assurance Company LtdNIACL | InsuranceInsurance | 27,196.9427,196.94 | 163.34163.34 | 26.2426.24 | -1.02-1.02 | -10.26-10.26 | -12.04-12.04 | -20.03-20.03 | 0.940.94 | 3.613.61 | 2.312.31 | 1.091.09 | 0.000.00 | 3.233.23 | |
| 12. | Niva Bupa Health Insurance Company LtdNIVABUPA | InsuranceInsurance | 13,814.5413,814.54 | 74.4174.41 | 64.7064.70 | -0.51-0.51 | -1.75-1.75 | -10.32-10.32 | -24.31-24.31 | 4.524.52 | 8.368.36 | 6.466.46 | -- | 0.080.08 | 3.013.01 | |
| 13. | Canara HSBC Life Insurance Company LtdCANHLIFE | InsuranceInsurance | 11,579.5511,579.55 | 121.06121.06 | 99.0099.00 | -0.68-0.68 | 0.690.69 | 8.658.65 | 8.658.65 | 7.637.63 | 7.977.97 | 0.310.31 | 0.330.33 | 0.000.00 | 2.452.45 | |
| 14. | Medi Assist Healthcare Services LtdMEDIASSIST | InsuranceInsurance | 3,463.373,463.37 | 470.85470.85 | 38.1138.11 | 1.081.08 | -18.28-18.28 | -5.22-5.22 | -20.38-20.38 | 6.276.27 | 17.5917.59 | 18.6718.67 | -- | 0.370.37 | 2.822.82 | |
| 15. | IIRM Holdings India LtdIIRM | InsuranceInsurance | 511.08511.08 | 75.1075.10 | 23.6323.63 | 0.130.13 | -3.03-3.03 | -4.94-4.94 | -38.62-38.62 | 3.843.84 | 17.6717.67 | 22.1822.18 | -- | 0.220.22 | 3.553.55 |
Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.
Selection criteria: Sub-sector: Insurance | Market Cap: Sorted from Highest to Lowest
Selection criteria: Sub-sector: Insurance | Market Cap: Sorted from Highest to Lowest
GST 2.0 and Budget 2025 Updates in the Insurance Sector
- Higher FDI Limit: The Union Budget 2025 increased the Foreign Direct Investment (FDI) cap in insurance companies from 74% to 100%, encouraging global insurers to expand operations and reinvest in India.
- GST Exemption on Premiums: Under GST 2.0, life and health insurance premiums are now exempt from GST, reducing the overall cost of policies for individuals.
- No Input Tax Credit (ITC): Insurers can no longer claim ITC on commissions, brokerage, and related services, increasing their cost burden.
- Focus on Growth and Inclusion: These measures aim to make insurance products more affordable, increase market participation, and attract long-term global investment into India’s expanding insurance sector.
How to Invest in the Best Insurance Stocks?
Investing in insurance stocks using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in insurance stocks:
- Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
- Search for insurance stocks: Go to Tickertape Stock Screener and select “Insurance” under “Sector”
- Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or dividend yield. You can create your own custom filter, in case your preferred parameters are not available. This can help you narrow down the top insurance stocks in India.
- Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in-depth.
- Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
- Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.
Overview of the Top Insurance Stocks in India
Life Insurance Corporation Of India
LIC is India’s largest government-owned life insurance company. Started in 1956, it offers life insurance, pension, and investment plans. With its wide reach across the country, LIC provides financial protection and savings options to millions of individuals and families.
Bajaj Finserv Ltd
Bajaj Finserv is a financial services company that offers loans, insurance, and investment services. It operates through its subsidiaries, including Bajaj Allianz Life and General Insurance, and is known for its consumer loans and wealth management products.
SBI Life Insurance Company Ltd
SBI Life is a major life insurance company jointly owned by the State Bank of India and BNP Paribas Cardif. It provides term insurance, ULIPs, and savings plans for individuals and groups, helping people secure their financial future.
HDFC Life Insurance Company Ltd
HDFC Life is a leading private life insurer offering life, health, pension, and savings plans. Known for its digital-first approach and customer-focused services, it remains one of India’s most trusted names in life insurance.
ICICI Lombard General Insurance Company Ltd
Founded in 2001, ICICI Lombard is one of India’s leading private sector general insurance companies. It offers a wide range of products, including motor, health, travel, home, and corporate insurance. The company focuses on digital solutions, customer service, and strong risk management to maintain consistent growth.
What are Insurance Stocks in India?
Insurance stocks are shares of companies that provide life, health, or general insurance services. These companies earn money from the premiums people pay for their policies and by investing those funds. The sector is regulated by the Insurance Regulatory and Development Authority of India (IRDAI) to protect policyholders’ interests.
Advantages of Investing in Insurance Stocks in India
Strong Industry Growth
India’s general insurance sector is expected to grow by 8.7% in FY26, driven mainly by private insurers. Premium income is projected to reach ₹3.21–3.24 lakh cr with a further 10.9% rise expected in FY27. This steady growth highlights the expanding market and rising demand for insurance products.
Supportive Government Policies
Recent measures, such as the increase in the FDI limit from 74% to 100% and GST exemptions on life and health insurance premiums, have encouraged investment and made policies more affordable.
Multiple Sources of Income
Apart from premiums, insurance companies also earn returns from investments in bonds, equities, and other financial instruments, which help improve profitability.
Resilience During Uncertainty
Insurance is considered an essential financial product. Even in uncertain economic conditions, people continue to buy insurance, helping the sector remain stable compared to other industries.
Risks of Investing in Insurance Stocks in India
Market-Linked Performance
Many insurance companies invest a large part of their funds in equity and debt markets. A sharp fall in market returns can affect their profitability and portfolio performance.
Regulatory Changes
The insurance industry is tightly regulated by the IRDAI and government policies. Any changes in capital requirements, tax rules, or commission structures can impact company earnings and stock valuations.
Rising Competition
In recent years, the industry has been experiencing fierce competition among its peers. Due to this, companies have to lower premium rates and invest heavily in marketing and digital platforms to retain customers. This competitive pressure may reduce profit margins and affect overall earnings growth.
Claim-Related Risks
Insurance companies face the risk of a sudden rise in claims, especially during events like natural disasters, pandemics, or large-scale accidents. When claim payouts increase sharply, it can put pressure on the company’s finances.
Interest Rate Sensitivity
Insurance companies invest a large share of their funds in bonds and long-term securities. When interest rates change suddenly, the value of these investments also changes. Higher rates can lower the value of existing bonds, while lower rates can reduce future investment income.
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Factors to Consider Before Investing in Insurance Stocks
Company’s Market Position
Insurance companies with a strong brand, a large customer network, and a steady market share usually manage risks better and maintain consistent growth, especially in competitive markets.
Premium Growth and Claim Ratio
A healthy balance between rising premium income and efficient claim settlements reflects good financial management. Companies that grow premiums steadily while keeping claim ratios in check tend to perform more stably.
Solvency Margin
This is a key financial indicator showing the company’s ability to meet future policyholder claims. When reviewing insurance shares, investors must check this metric as a higher solvency margin suggests a stronger financial position and better risk management.
Regulatory Environment
The insurance industry operates under strict regulations from the IRDAI. Any changes in policy, taxation, or compliance rules can influence profitability and operational flexibility. That’s why investors should stay updated with the regulatory environment when considering investing in insurance shares.
Conclusion
In the last nine years, it has received around ₹54,000 cr in foreign investment, supported by easier FDI rules and government reforms. Rising incomes, better awareness, and digital growth are helping more people buy life, health, and general insurance plans. At the same time, the sector faces risks such as market ups and downs, frequent rule changes, tough competition, and sudden increases in claims during events like natural disasters or health crises. That’s why it’s important for investors to study company performance, financial strength, and growth trends before investing in insurance stocks.
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Frequently Asked Questions on Insurance Stocks
1. What are insurance stocks?
Insurance stocks are the shares of companies that are involved in creating insurance products with risks in return for the payment of premiums. These companies may be mutual, i.e. owned by a group of policyholders, or proprietary, i.e. individuals. Insurance companies are also called insurers.2. Which are the top 10 insurance companies in India?
As of 6th October 2025, the top 10 insurance stocks in India based on market capitalisation include:- Life Insurance Corporation of India (LIC)
- Bajaj Finserv Ltd
- SBI Life Insurance Company Ltd
- HDFC Life Insurance Company Ltd
- ICICI Lombard General Insurance Company Ltd
- ICICI Prudential Life Insurance Company Ltd
- General Insurance Corporation of India
- Max Financial Services Ltd
- New India Assurance Company Ltd
- Go Digit General Insurance Ltd
Disclaimer: This information is for educational purposes only and should not be considered investment advice.3. Is it good to invest in insurance stocks?
The suitability of investing in insurance stocks depends on factors such as company performance, market conditions, and an investor’s risk tolerance. It’s important to study financials and long-term prospects before investing in insurance shares.4. Which are the best insurance stocks?
As of 6th October 2025, some of the leading insurance stocks in India based on market capitalisation are:- Life Insurance Corporation of India (LIC)
- Bajaj Finserv Ltd
- SBI Life Insurance Company Ltd
- HDFC Life Insurance Company Ltd
- ICICI Lombard General Insurance Company Ltd
Disclaimer: This is only for educational purposes as the latest data is derived from Tickertape Stock Screener.5. Do insurance stocks pay dividends?
Some insurance companies pay dividends depending on their profits and dividend policies. Investors can use tools like the Tickertape Stock Screener to check the dividend yield and other financial metrics of listed insurance companies.6. What are the factors that impact the life and health insurance share price?
The health and life insurance share price can be influenced by factors such as claim ratios, premium growth, regulatory changes, interest rate movements, and overall demand for insurance products. Market trends and company-specific performance also play a key role.7. Which is the best life insurance stock in India?
As of 6th October 2025, based on market capitalisation, the leading life insurance stock in India is the Life Insurance Corporation of India (LIC). Disclaimer: This information is for educational purposes only and should not be treated as investment advice.8. How do interest rates affect insurance companies?
Fluctuations in interest rates impact the investment income of insurance companies, as they invest premium income in various financial instruments.
