List of Top 10 Largest Insurance Brokers in India

he insurance brokers are those who represent you as a customer and possess the license to provide your policy from any insurance company whatsoever. Nowadays, you can easily avail insurance brokers online. They guide you along to determine what works best for you and receive a brokerage fee from the concerned company, whose plan you finally purchase. It acts as an intermediary between the insurance company and the customer. There are several insurance broking companies in India. You can compare insurance brokers to choose the best for you. 

Top 10 insurance brokers in India

According to the IRDAI status dated 30th September 2021, the top ten insurance brokers in India are as follows:

1. MIBL or Mahindra Insurance Brokers Ltd.

Mahindra Insurance Brokers Ltd. is a subsidiary company of Mahindra & Mahindra Financial Services Ltd. It has been awarded the ISO 9001:2015 Certification on the basis of its QMS or Quality Management Systems. It thrives to provide additional value to all its customers and users by providing adequate knowledge and innovative solutions to cater to their needs in a customised manner in order to provide complete customer satisfaction.


2. India Insure Risk Management and Insurance Broking Services Pvt. Ltd

India Insure Risk Management and Insurance Broking Services Pvt. Ltd Certified as an ISO 9001:2008 company, it maintains a PAN India presence with nine offices across the nation. With a team of around 100 employees, it has served over 3000 customers, handled 20000 million premiums, 30000 corporate insurance policies, and 18000 non-health claims. 


3. ACME Insurance Broking Services Pvt. Ltd.

Being duly incorporated, registered, and incorporated as a non-government company, it has been in operation since 2000. Based on its performance, IRDAI upgraded it to a Composite Insurance Broking House back in 2006. Over the years, it has received several prestigious awards for its outstanding performance. 


4. Bharat Re-insurance Brokers Pvt. Ltd.

This company has established itself as a pioneer in claims management and insurance consultation. The Direct Broking division of the company offers excellent insurance and risk management services essential for the country’s commercial businesses.  


5. Helios Insurance Broking Services Pvt. Ltd. 

Helios Insurance Broking Services Pvt. Ltd Promoted by efficient and dedicated professionals of the USA and India, it offers one of the best risk management services in the country. It is one of the first companies of the genre to be licensed by the IRDA. 


6. First Policy Insurance Brokers Pvt. Ltd.

This is one of the primary eleven companies of the genre in the country. The unique conglomeration of expert professionals of diverse fields, including marketing, engineering, finance, insurance, etc, is the key to its success. 


7. Excellent Insurance Broking Services Limited

Originally founded as Expert healthcare Management Services Limited in 1999, IRDAI licensed it as a Direct Broker in 2003. 


8. K.M. Dastur Reinsurance Brokers Pvt. Ltd.

K.M. Dastur Reinsurance Brokers Pvt. Ltd originally founded in 1973, it has gradually established itself as an expert in reinsurance and risk management. It houses over 500 dedicated expert professionals to ensure they offer the best services. 


9. Unicorn Insurance Brokers Pvt. Ltd.

Unicorn Insurance Brokers Pvt. Ltd.- Proud to be the first licensee in north India, it has been operational since 2002. It has grown to be one of the best risk management and broking companies in India.

10. Tower Insurance and Reinsurance Brokers (India) Pvt. Ltd.

Tower Insurance and Reinsurance Brokers (India) Pvt. Ltd.- Founded in 1979, it has been acting as an independent reinsurance broking firm since 1999. It has significant contributions to the aviation insurance sector.


 You can consult insurance brokers online to rest assured that you receive the best of the services and proper expert guidance. 

Nov 22, 2021
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Gayatri Prabhu, Head-Digital Business at Mahindra Insurance Brokers Limited (MIBL) is one those few digital leaders who has the width and depth that is required to execute an ROI driven holistic digital strategy. She cuts through the noise, identifies the critical levers and leads her team to successful execution of the defined strategy. Her core mantra to win new and retain existing customers is: understand the consumer behavior and craft experiences around it.

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