14 Top Insurance Brokers in India

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While some may not have seen the need before now, recent happenings have opened our eyes to the need for insurance, even in India. But unlike several other countries like the US and Canada, Insurance in India is a pretty new thing. So people looking to purchase policies may not even be aware of the existence of the top insurance brokers in India or where to find them.

In this article, we have not only listed 15 top brokers in India for you to make your choice, but we have also included their locations and provided you with the means to easily contact them. All you need to do is find a company that fits what you might be looking for and reach out for a quote.

Thank us later!

To have a full understanding, we will begin by providing you with the necessary information you may need about brokers.

Who Are Brokers?

Brokers are intermediaries between insurance companies and clients, providing personalized advice based on the specific needs of their clients. They can help clients find the most affordable and suitable insurance policies, as well as assist in filing claims and navigating the complex world of insurance.

An insurance broker plays an important role in helping individuals and businesses protect themselves against unforeseen events by offering a wide range of insurance products and services, and assisting various channels when necessary.

5 Reasons Why An Insurance Broker Is Better Than A Regular Insurance Agent

Below are the reasons:

#1. Wider Range Of Insurance Products

Brokers can access policies from a variety of different companies, whereas agents may be limited to selling only the products offered by their employer.

#2. Direct Assistance

Insurance brokers work closely with their clients to understand their specific needs, providing tailored advice rather than generic recommendations.

#3. Deal Negotiation

They have the expertise and leverage to negotiate better prices and terms with insurance companies on behalf of their clients.

#4. Client Representation

Brokers are independent and work for their clients, not insurance companies. This ensures that they always act in the best interest of their clients.

#5. Ongoing Support

A broker can provide ongoing support and advice throughout the duration of a policy, helping clients understand their coverage and make adjustments as needed.

Five Ways Brokers Help You Save Money

The next best thing brokers do after offering a wide range of insurers is helping you save money on policies. You may not know how this is possible, so here are five ways they do it! They:

1. Shop Around For The Best Deals

Brokers usually have access to a wide range of insurance companies and can shop around for the best deals on policies. This means that using a broker will ensure that you get the best deals possible and save money.

2. Offer Bundled Discounts

Bundling your insurance policies already cuts you some expenses, but doing it through a broker is even better. You can receive discounts on your premiums and save even more money!

3. Provide Usage-based Discounts

They can help you qualify for usage-based discounts. These are discounts you get based on how well you handle yourself and your properties to minimize damage, for example, good driver discounts.

4. Help You Avoid Over-insuring

Compared to a seasoned broker, you might find that you’re not so knowledgeable about insurance after all. Using a broker means you identify the right coverage for your needs, ensuring that you don’t over-insure and pay for unnecessary coverage.

5. Recommending Cost-saving Measures

Brokers also provide you advice on how to reduce your risk and lower your premiums, such as installing home security systems or taking defensive driving courses.

Now that you’re fully onboard, let’s head straight to the main deal.

15 Top Insurance Brokers in India

Here are the top insurance brokers in India:

  • Unison Insurance
  • Liberty General Insurance Limited
  • Salasar Services (Insurance Brokers) Pvt Ltd
  • Helios Insurance Broking Services Pvt Ltd
  • First Policy Insurance Brokers Pvt Ltd
  • Mahindra Insurance Brokers Ltd
  • Square Insurance Brokers Pvt Ltd
  • Bandhan Life Insurance
  • Unicorn Insurance Brokers Pvt Ltd
  • APNA Insurance Broking Consultants India
  • Policy.Online Insurance Brokers Pvt Ltd
  • Capital Square Insurance Brokers Pvt Limited
  • Share India Insurance Brokers
  • Ethika Insurance Broking Service Pvt Ltd

#1. Unison Insurance

  • Founded: 1998
  • Headquarters: Vadodara, Gujarat

Unison is one of the largest, independent, privately owned direct and reinsurance brokers in India. They have over 25 years of experience in the insurance industry and offices in at least 10 cities. The company has served over 19,000 clients with about $10 billion in premiums.

Their coverage includes:

  • Chemical & Fertilizer
  • Plastic
  • Pharmaceutical & Life Sciences
  • Consumer Goods
  • Power
  • Construction


#2. Square Insurance Brokers Pvt Ltd

  • Founded: 2017
  • Headquarters: Jaipur, Rajasthan

Square Insurance is a leading Insurtech life & General insurance broker. The company has over 53 insurers for customers to choose from. They also have a mobile app that makes things easy for prospective customers.

Their product range includes:

  • Health
  • Life
  • Car
  • Bike
  • Passenger Carrying Vehicle
  • Goods carrying Vehicle
  • Travel
  • Marine
  • Family Health
  • Personal Accident.


#3. Mahindra Insurance Brokers Ltd

  • Founded: 2014
  • Headquarters: Mumbai, Maharashtra

This is a brokerage firm that provides direct insurance broking for Commercial and Retail customers and offers a range of Life and Non-Life products. Mahindra is one of the few insurance broking companies in India to have been awarded the prestigious ISO 9001:2015 Certification for Quality Management Systems.

The company has sold a whopping 21 million policies since its inception. They also have about 700 employees and are present in 214 locations, so they are not difficult to find.

Services include:

  • Motor Insurance,
  • Liability Insurance,
  • Health Insurance,
  • Property Insurance,
  • Reinsurance,
  • Risk Consulting,
  • Marine Insurance,
  • Fire Insurance, and
  • Group Mediclaim


#4. First Policy Insurance Brokers Pvt Ltd

  • Founded: 2002
  • Headquarters: Pune, Maharashtra

First Policy has established itself as one of the top insurance brokers in India with an ability to consistently deliver on all fronts for more than two decades.

With at least 10 specialist professionals and over 100 corporate clients, their promise of superior quality of service and professional manpower can be trusted.

They offer services like; insurance, reinsurance, general insurance, marine insurance, liability Insurance, employee benefits, group mediclaim, commercial insurance, Group personal accident, fire insurance, third-party liability, directors and officers, aviation, burglary policy, machinery breakdown, shipyard insurance, pharma, and chemical


#5. Helios Insurance Broking Services Pvt Ltd

  • Founded: 2003
  • Headquarters: Hyderabad, Telangana

Helios Insurance provides the best risk management services to all its clients by drawing on its vast pool of technical experts from India and abroad. They sell all corporate and individual insurance with the best possible quotes and detailed coverage.

They have over 5000 customers and have registered at least 35000 claim settlements. The company is also among the first in the country to be Licensed by the Insurance Regulatory Development Authority of India (IRDA) in the year 2003.


#6. Salasar Services (Insurance Brokers) Pvt Ltd

  • Founded: 2003
  • Headquarters: Kolkata, West Bengal

This is one of the largest broking firms in India. They provide cost-effective insurance solutions covering assets, liabilities, and specialty risks of large and medium corporations.

Their product range includes Industrial All Risks Policy, Fire & Allied Perils Policy, Project Insurance, Machinery Breakdown Insurance, Boilers & Pressure Plants Insurance, Loss of Profits, Marine Insurance, Personal Accident Insurance, Medical Insurance and Liabilities Insurance.


#7. Liberty General Insurance Limited

  • Founded: 2012
  • Headquarters: Mumbai, Maharashtra

This is one of the biggest insurance brokerage firms in India. The company has an employee strength of 1100+ over a network of 60 offices in 58 cities across 23 states. Its partner network consists of about 5000 hospitals and more than 3100 auto service centers.

The company offers health and personal accident insurance, car and two-wheeler insurance, employee compensation insurance, commercial insurance, fire and engineering insurance, marine insurance, and other miscellaneous insurance products in India.


#8. Bandhan Life Insurance

  • Founded: 2008
  • Headquarters: Jaipur, Rajasthan

This is a life insurance company that offers life insurance products and some non-Life insurance products to their customers.

They offer Life Insurance, Insurance, Term plan, Tax saving, Investment, Savings, Life cover, Aegon Life, iTerm, iInvest, Security, Protection, Future Security, Premium, Returns, and Bandhan Life.


#9. Unicorn Insurance Brokers Pvt Ltd

  • Founded: Not Stated
  • Headquarters: Delhi

This is another top insurance brokerage firm. Their product range includes:

  • Health
  • Motor
  • Travel
  • Life
  • Homeowner Insurance.


#10. APNA Insurance Broking Consultants India

  • Founded: 2015
  • Headquarters: Bengaluru, Karnataka

APNA Insurance is a top insurance firm that promises the best rates and personalized plans for customers. They have a team of trained professionals to cater to a wide range of product lines.

Their products include:

  • CarTravel
  • Health
  • Travel
  • Term Life
  • Corporate Insurance.


#11. Policy.Online Insurance Brokers Pvt Ltd

  • Founded: 2019
  • Headquarters: Delhi

Policy.Online is another brokerage firm that provides customers with hassle-free claims, and competitive rates. You can also purchase your policy online

Their products include: Health Insurance, Life Insurance, Bike Insurance, POSP, Investment, General Insurance, and Policy


#12. Capital Square Insurance Brokers Pvt Limited

  • Founded: 2008
  • Headquarters: Mumbai, Maharashtra

This is one of the leading and fastest growing insurance brokerage service providers in India, providing a one-stop solution for a wide range of services like Tailor Made Insurance Solutions, Claims Management, Insurance Audit, and Renewal Reviews.

Their products include: Insurance Broking, General Insurance, Life Insurance, Claims Management, and Insurance Audit


#13. Share India Insurance Brokers

  • Founded: 2018
  • Headquarters: Mumbai, Maharashtra

They are direct insurance brokers providing solutions on Life Insurance, Health Insurance, Motor Insurance, and Commercial Insurance for both retail and corporate clients.

They offer:

  • Health
  • Car
  • Bike
  • Life Insurance


#14. Ethika Insurance Broking Service Pvt Ltd

  • Founded: 2015
  • Headquarters: Hyderabad, Telangana

They provide brokerage services for small and midsize companies. They are focused on coverage for employees. Products include:

  • Group Health Insurance
  • Super Top-up Health Insurance
  • Personal Accident Insurance
  • Term Life Insurance
  • Gratuity Insurance
  • Personal Health Insurance
  • Workmen Compensation Policy, and Others.


Frequently Asked Questions

[sc_fs_multi_faq headline-0=”h3″ question-0=”How do I choose the right broker?” answer-0=”Consider factors such as their reputation, expertise, customer service, and range of products.” image-0=”” headline-1=”h3″ question-1=”How do I know if a broker is reputable?” answer-1=”Check their reputation with the Better Business Bureau, read online reviews, and ask for references.” image-1=”” headline-2=”h3″ question-2=”How do I file a complaint against a broker?” answer-2=”Contact the Insurance Regulatory and Development Authority of India (IRDAI) if you have any issues with your broker.” image-2=”” headline-3=”h3″ question-3=”Can brokers help with claims?” answer-3=”Yes, brokers can assist with filing and following up on insurance claims.” image-3=”” headline-4=”h3″ question-4=”How do I know if I’m getting the best deal from a broker?” answer-4=”Compare quotes from multiple brokers and ask them to explain how they arrived at the price they offer.” image-4=”” count=”5″ html=”true” css_class=””]

Important Recommendations


Well, you have it! We hope with this article, choosing a good insurance broker in India will no longer be a problem for you.

Remember to choose only what is within your budget and try as much as possible to be open to your broker to get the best deals. Let us know how you feel about this article in our comment box.


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