Maruti Suzuki Tie-up Insurance Company List

Trusted by millions, Maruti Suzuki is a well-known brand in India. In 2022, through Maruti Insurance Broking Private Limited, the company expanded its business to venture into the insurance business along with authorized insurance dealers. The need to fulfill customers’ car insurance requirements and enhance customers’ value proposition are the main reasons why Maruti entered the field of motor insurance. The company’s fairness and transparency in car insurance policy issuance and claim settlement ensures customer convenience and trust in the brand.

Maruti Suzuki’s PAN India presence ensures fast and efficient service throughout the country, be it in the highest altitude of Leh or the lease habitat islands of Andaman. Its robust customer-centric system guarantees a hassle-free policy purchase and renewal process with quality repairs and no hidden charges. To provide the best customer experience, Maruti Suzuki has partnered with more than 16 insurance companies to cater to customer’s insurance needs on end to end basis. All genuine car insurance claims (cashless) are settled at 2000+ Maruti Suzuki authorized workshops spread across the country.

Let’s have a closer look at companies who have tied up with Maruti Suzuki to offer car insurance products and services.

 

 

Insurance CompanyPremiumClaim Ratio
Bajaj Allianz General Insurance7.5% – 10%95% – 98%
Bharti AXA General Insurance8% – 10%95% – 98%
IFFCO Tokio General Insurance8% – 10%95% – 98%
HDFC Ergo General Insurance8% – 10%95% – 98%
ICICI Lombard General Insurance8% – 10%95% – 98%
National Insurance9% – 11%94% – 97%
New India Assurance9% – 11%94% – 97%
Royal Sundaram General Insurance9% – 11%94% – 97%
Go Digit General Insurance10% – 12%93% – 96%

Top Car Insurance Companies in India

HDFC Ergo Car Insurance

In 2015, after a joint venture HDFC and ERGO came into alliance. The company has over 6700 cashless garages and offers services like overnight vehicle repairs. With a 4.4 customer rating, HDFC Ergo has over 1.5 Crore happy customers. HDFC Ergo provides a 100% claim settlement ratio where 80% of claims are settled within one day.

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MetricData
Company nameHDFC Ergo General Insurance
HeadquartersMumbai, India
Founded1999
CustomersOver 10 million
Claim settlement ratio96.2%
Number of claims settled3 million
Average claim settlement time22 days
Network of garages3,000+
24/7 emergency assistanceYes

United India Car Insurance

Incorporated in February 1938, United India Car Insurance has more than 1.38 crore customers. It provides a variety of insurance products and has a 95% claim settlement ratio. The company excels in achieving the goal of 100% customer satisfaction.

MetricData
Company nameUnited India Insurance
HeadquartersKolkata, India
Founded1938
CustomersOver 15 million
Claim settlement ratio95.4%
Number of claims settled4 million
Average claim settlement time20 days
Network of garages3,000+
24/7 emergency assistanceYes

ICICI Lombard Car Insurance

Founded in 2001, ICICI Lombard General Insurance Company Ltd. offers a comprehensive and wide variety of insurance products. The company has a claim settlement ratio of 93.4% for motor insurance. With a 4.7 customer rating, ICICI Lombard has issued a car insurance policy for over 2.17 crore individuals.

MetricData
Company nameICICI Lombard General Insurance
HeadquartersMumbai, India
Founded1993
CustomersOver 17 million
Claim settlement ratio96.3%
Number of claims settled4.5 million
Average claim settlement time23 days
Network of garages4,000+
24/7 emergency assistanceYes

New India Car Assurance

Founded in 1919, New India Car Assurance has a 92% claim settlement ratio. With a huge customer market, the company is providing world-class service both in India and abroad.

MetricData
Company nameNew India Assurance
HeadquartersMumbai, India
Founded1919
CustomersOver 25 million
Claim settlement ratio95.6%
Number of claims settled6.5 million
Average claim settlement time25 days
Network of garages5,000+
24/7 emergency assistanceYes

Royal Sundaram Car Insurance

Established in October 2000, Royal Sundaram Car Insurance is trusted by over 28 million Indians. The company has a 99% claim settlement ratio and provides complete protection for your vehicle.

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MetricData
Company nameRoyal Sundaram General Insurance
HeadquartersChennai, India
Founded1956
CustomersOver 5 million
Claim settlement ratio95%
Number of claims settled1.2 million
Average claim settlement time22 days
Network of garages3,500+
24/7 emergency assistanceYes

Digit Car Insurance

Established in the year 2016, Digit Insurance is trusted by over 3 crore Indians and has a 96% claim settlement ratio.

AttributeValue
Company NameDigit General Insurance
HeadquartersBengaluru, India
Founded2016
CustomersOver 2 million
Claim Settlement Ratio96%
Number of Claims Settled1 million
Average Claim Settlement Time15 days
Network of Garages1,000+
24/7 Emergency AssistanceYes

Cholamandalam Car Insurance

Founded in 2001, Cholamandalam MS caters to different customer needs. With a 96% claim settlement ratio, the company is highly trusted by customers.

FeatureDetails
Company nameCholamandalam MS General Insurance Company Limited
HeadquartersChennai, Tamil Nadu, India
Founded1989
Parent companyMurugappa Group
Japanese partnerMitsui Sumitomo Insurance Company Limited
ProductsMotor insurance, health insurance, travel insurance, home insurance, and other general insurance products
Websitehttps://www.cholainsurance.com/
Total customers10 million+
Claim settlement ratio96% (FY 2021-22)

Future Generali Car Insurance

Future Generali has been in business since 2006 and has a 96% claim settlement ratio. With over 121 branches across India, the company serves its customers 24*7.

FeatureDetails
Company nameFuture Generali India Insurance Company Limited
HeadquartersMumbai, India
Founded2007
Parent companyFuture Group
ProductsCar insurance, health insurance, travel insurance, home insurance, and other general insurance products
CustomersOver 10 million
Claim settlement ratio95.2% (FY 2021-22)
Number of claims settled1.2 million (FY 2021-22)
Average claim settlement time30 days
Network of garages3,500+
24/7 emergency assistanceYes

Reliance Car Insurance

Founded in August 2000, Reliance Car Insurance has managed to meet customer expectations with its effortless service. With a 96% claim settlement ratio, the company is popular among customers.

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MetricData
Company nameReliance General Insurance Company Limited
HeadquartersMumbai, India
Founded2005
Parent companyReliance Industries Limited
ProductsCar insurance, health insurance, travel insurance, home insurance, and other general insurance products
CustomersOver 10 million
Claim settlement ratio95% (FY 2021-22)
Number of claims settled1.2 million (FY 2021-22)
Average claim settlement time30 days
Network of garages3,500+
24/7 emergency assistanceYes

Liberty Car Insurance

Founded in 2013, Liberty Car Insurance has over 110 offices across. The company has issued 20 crore policies since 2013 and has a 98% claim settlement ratio.

MetricData
Company nameLiberty General Insurance Limited
HeadquartersMumbai, India
Founded2006
Parent companyLiberty Citystate Holdings Pte. Ltd.
ProductsCar insurance, health insurance, travel insurance, home insurance, and other general insurance products
CustomersOver 5 million
Claim settlement ratio95.4% (FY 2021-22)
Number of claims settled1 million (FY 2021-22)
Average claim settlement time25 days
Network of garages2,500+
24/7 emergency assistanceYes

Kotak Car Insurance

Established in April 2015, Kotak Car Insurance has over 1.1 crore customers. With 4000+ network garages, the company has a 98% claim settlement ratio.

MetricData
Company nameKotak Mahindra General Insurance
HeadquartersMumbai, India
Founded2002
CustomersOver 5 million
Claim settlement ratio96.8%
Number of claims settled1.1 million
Average claim settlement time23 days
Network of garages3,000+
24/7 emergency assistanceYes

Bajaj Allianz Car Insurance

Founded in 1926, Bajaj Allianz is a customer-centric organization. Bajaj Allianz customers can get 24*7 roadside assistance. With a 99% claim settlement ratio, the company makes sure to provide what its customers need.

MetricData
Company nameBajaj Allianz General Insurance
HeadquartersMumbai, India
Founded2001
CustomersOver 10 million
Claim settlement ratio96.3%
Number of claims settled1.5 million
Average claim settlement time22 days
Network of garages4,000+
24/7 emergency assistanceYes

Zuno Car Insurance

Established in 2016, Zuno is a trusted insurance provider in India. With a huge customer base, the company has a 98% claim settlement ratio

MetricData
Company nameZuno General Insurance
HeadquartersMumbai, India
Founded2017
CustomersOver 1 million
Claim settlement ratio97%
Number of claims settled500,000
Average claim settlement time15 days
Network of garages1,000+
24/7 emergency assistanceYes
Key features
  • Cashless claim settlement
  • Zero depreciation cover
  • Personal accident cover
  • 24/7 roadside assistance
  • Easy online purchase

Universal Sompo Car Insurance

In 2008, Universal Sompo General Insurance started its business in India. The company’s PAN India presence provides customers with 24*7 assistance, a quick claim process, and the best insurance deals. Universal Sompo has a 96% claim settlement ratio.

MetricData
Company nameZuno General Insurance
HeadquartersMumbai, India
Founded2017
CustomersOver 1 million
Claim settlement ratio97%
Number of claims settled500,000
Average claim settlement time15 days
Network of garages1,000+
24/7 emergency assistanceYes

IFFCO Tokio Car Insurance

IFFCO Tokio Car Insurance was founded in the year, 2000, as a joint venture between IFFCO Tokio and Tokio Marine Asia. With a customer rating of 4.8, the company has a 96% claim settlement ratio.

MetricData
Company nameIFFCO Tokio General Insurance
HeadquartersMumbai, India
Founded2000
Parent companyIFFCO (Indian Farmers Fertiliser Cooperative Limited) and Tokio Marine Group
CustomersOver 5 million
Claim settlement ratio96%
Number of claims settled1.2 million
Average claim settlement time25 days
Network of garages2,500+
24/7 emergency assistanceYes

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