How big is the India Car Insurance Market?

The India Car Insurance Market size is expected to reach USD 3.37 billion in 2024 and grow at a CAGR of 6.56% to reach USD 4.62 billion by 2029. Read More

What is the current India Car Insurance Market size?

In 2024, the India Car Insurance Market size is expected to reach USD 3.37 billion. Read More

India Car Insurance Market Size & Share Analysis - Industry Research Report

India Car Insurance Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

India's Car Insurance Market is Segmented by Coverage (third-Party Liability Coverage, Collision/comprehensive/other Optional Coverage), Application (personal Vehicles, Commercial Vehicles), and Distribution Channels (direct Sales, Individual Agents, Brokers, Banks, Online, and Other Distribution Channels). The Report Offers Market Size and Forecasts for the Indian Car Insurance Market in Value (USD) for all the Above Segments.

India Car Insurance Industry Overview

The car insurance market in India is fragmented, with a large number of players existing in the market. Technological and product innovation in the market are leading to a wide range of car insurance products being offered to car owners, consisting of personal and third-party liability insurance. Some of the existing players in the India Car Insurance Market are IFFCO Tokio General Insurance, Royal Sundaram General Insurance, The Oriental Insurance Company, HDFC ERGO General Insurance, and Universal Sompo General Insurance.