Top 5 Insurance Stocks Based on Market Capitalization

By: Pocketful

Industry Overview

 India’s insurance industry is growing rapidly, valued at over $200 billion with a 12% annual growth rate. Leading players dominate, making this sector a promising investment avenue.

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As of 14 Aug 2024

#5. ICICI Lombard General Insurance Co Ltd

About: A top general insurer offering vehicle, health, travel, and property insurance. Market Cap: ₹97,734 crores Share Price: ₹1,981

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As of 14 Aug 2024

#4. ICICI Prudential Life Insurance Company Ltd

About: A major life insurance provider, the first to list on the Indian stock exchange. Market Cap: ₹1,03,863 crores Share Price: ₹720

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As of 14 Aug 2024

#3. HDFC Life Insurance Company Ltd.

About: A leading life insurer, known for innovation and a strong digital presence. Market Cap: ₹1,47,288 crores Share Price: ₹685

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As of 14 Aug 2024

#2. SBI Life Insurance Company Ltd.

A joint venture between SBI and BNP Paribas Cardif, offering diverse insurance products. Market Cap: ₹1,69,266 crores Share Price: ₹1,690

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As of 14 Aug 2024

#1. Life Insurance Corporation of India

About: The largest and oldest insurance company in India, owned by the government. Market Cap: ₹6,50,083 crores Share Price: ₹1,028

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As of 14 Aug 2024