List of Top 7 Insurance Brokers In India
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The insurance market in India is growing quickly. A recent report from IRDAI shows that there are now 40% more licensed insurance brokers than there were five years ago. This shows how important brokers are in the insurance world.
Insurance brokers are very helpful because they guide people and businesses in choosing the right insurance. They have a good knowledge about different policies and can pick the best ones to fit their client's needs. In this blog, we'll look at the best insurance brokers in India, what they offer, and why they are the best in their field.
What is an Insurance Broker?
“An Insurance Broker in India is a professional intermediary licensed by the Insurance Regulatory Development Authority of India (IRDAI ) under (Insurance Brokers) Regulations 2018, Schedule 1, Regulation 14(8). It is known for offering advisory, policy placement, and claims assistance services, regulated by IRDAI.”
In simple terms, Insurance brokers help individuals and businesses find and purchase different insurance policies. They represent multiple insurance companies, allowing them to offer a broader range of options to their clients. Insurance brokers in India help in determining the risks, finding suitable policies, negotiating terms, helping in the claim process, and providing ongoing support throughout the policy period.
Check out the Top Insurance Brokers in India for 2025
Now, it's time to check out the top insurance brokers in India for 2025 to find the best insurance options for you. These brokers are known for their excellent service, wide range of policies, and expertise in helping you get the best quotes.
| Company Name | Year Founded | Specialization / Services | Estimated Employees Range |
|---|---|---|---|
| Square Insurance Brokers | 2017 | Insurtech aggregator (life & general), quote comparison, online policy sales & renewals | 250–300 |
| Marsh India Insurance Brokers & Reinsurance | 2003 | Risk consulting, analytics, brokerage & reinsurance solutions for corporates | 1,300 |
| Unison Insurance Brokers | 1998 | General & reinsurance broking, cyber-risk, employee benefits, claims management | 300–400 |
| Howden Insurance Brokers India | 2004 | SME & multinational solutions, employee benefits, risk consulting, claims support | 50+ |
| Landmark Insurance Brokers Pvt Ltd (PolicyBoss) | 2002 | Retail insurance: motor, health, travel & commercial; insurtech-driven distribution | 138+ |
| SPA Insurance Brokers Pvt Ltd | 1995 | Corporate & retail insurance, claim consultancy, advisory, insuretech | 51–200 |
| Aditya Birla Insurance Brokers (ABIBL) | 2001 | Integrated broking: general, life, corporate, reinsurance, risk & claims management | 13,000+ |
Also Read - Differences Between Insurance Companies And Insurance Brokers
List of Top 7 Insurance Brokers in India 2025
1 Square Insurance Brokers
Founded in 2017, Square Insurance Brokers is a well-known name in India’s insurance market. It is an IRDAI-licensed Direct Insurance Broker for life & general insurance, offering various insurance plans, including health, life, motor, non-motor, and commercial insurance.
Square Insurance Brokers has branches in many cities like Mumbai, Pune, Ahmedabad, Bangalore, Dehradun, Chandigarh, Ranchi, Bikaner, Rajgarh, Alwar, Jhunjhunu, Kota, Sikar, Surat, and more. With a strong network and excellent service, it is one of the top insurance brokers in India.
2 Marsh India Insurance Brokers & Reinsurance Company
Founded in 2003, Marsh India Insurance Brokers is part of Marsh & McLennan Companies, a global leader in insurance broking and risk management. Marsh India provides complete insurance solutions for various sectors, including aviation, marine, energy, and construction.
3 Unison Insurance Brokers
Founded in 1998, Unison Insurance Brokers is a well-established insurance broker company in India. They offer a diverse range of insurance products, including health, life, motor, and property insurance.
4 Howden Insurance Brokers India
Founded in 2004, Howden Insurance Brokers India is a part of the Hyperion Insurance Group, a leading international insurance group. Howden India specializes in providing tailored insurance solutions for businesses and individuals.
5 Landmark Insurance Brokers Pvt Ltd (PolicyBoss)
Landmark Insurance Brokers Pvt Ltd, founded in 2002, is one of India's largest retail insurance brokers, operating under the brand name PolicyBoss.com. They provide a wide range of insurance products, including life, health, motor, and commercial insurance.
6 SPA Insurance Brokers Private Limited
SPA Insurance Brokers Private Limited is known for offering custom insurance solutions to both individual and corporate clients. They provide advisory services on various types of insurance, including health, life, property, and liability, ensuring comprehensive coverage for their clients.
7 Aditya Birla Insurance Brokers
Founded in 2001, Aditya Birla Insurance Brokers is a subsidiary of the Aditya Birla Group, one of India’s largest conglomerates. They provide a wide range of insurance products, including health, life, motor, and commercial insurance.
Why Choose Insurance Brokers in India?
- Have Huge Industry Knowledge:- Insurance brokers have a deep understanding of the insurance market, including the different types of policies, coverage options, and industry regulations. This expertise allows them to provide valuable advice to clients, helping them make informed decisions about their insurance needs.
- Offering Multiple Options:- Unlike agents who work for a single insurance company, brokers work with multiple insurers. This means they can offer a variety of policies from different companies, giving clients more options to choose from. This broad range ensures that clients have access to the most suitable insurance for their specific needs and budget.
- Provide Customized Solutions:- Insurance brokers are experts at providing policies that are made according to the specific needs of each client. They take the time to understand your personal or business needs before recommending or creating insurance solutions that provide the appropriate level of coverage. This personalized method ensures that you receive insurance that caters to your specific situation, rather than a one-size-fits-all policy.
- Gives Claims Assistance:- Working with an insurance broker provides various advantages, including help with the claims procedure. If you need to file a claim, brokers can walk you through the process, making sure you understand the requirements and helping you with the relevant documentation. Their assistance can make the claims procedure less stressful and boost the chances of a successful outcome.
- Provides Cost-Effective Quotes:- Insurance brokers usually have great negotiating skills and industry connections, which they use to get better terms and lower premiums for their customers. By looking around and comparing different policies, brokers can locate low-cost options that give adequate coverage without breaking the bank. This can result in significant savings throughout your insurance policy.
How to Choose the Best Insurance Brokers?
- Check Their License Make sure the broker is registered with IRDAI (Insurance Regulatory and Development Authority of India). This guarantees they are authorized to provide insurance services.
- Look at Their Experience A broker with years of experience will have better knowledge of different insurance plans and can guide you wisely.
- Compare Services A good broker should offer a variety of insurance options like health, life, motor, and business insurance. More choices mean better coverage for your needs.
- Read Customer Reviews Check online reviews and ratings to see if the broker provides good service. A broker with positive feedback and quick claim support is a good choice.
- Customer Support Matters Choose a broker with good customer service who responds quickly and helps with queries, renewals, and claims.
Conclusion
Choosing the right insurance broker company is essential for getting the best insurance coverage specifically built according to your needs. The top insurance brokers in India listed above are known for their expertise, wide range of insurance products, and exceptional customer service.
By partnering with one of these top insurance brokers in India, you can ensure that you receive professional advice, competitive premiums, and ongoing support throughout your insurance journey.
FAQs - Top Insurance Brokers In India
An insurance broker helps individuals and businesses find and buy the right insurance policies. Since they work with multiple insurance companies, they can offer a wide range of options, making it easier for clients to compare and choose the best coverage for their needs.
In India, IRDAI classifies insurance brokers into three types:
- Direct Brokers
- Reinsurance Brokers
- Composite Brokers
Without any doubt, Square Insurance is one of the best insurance brokers in India. Our team of experts ensures that clients receive the best plans at competitive rates without any hassle.
An insurance broker represents clients by providing expert advice, offering a variety of policy options, tailoring insurance solutions, assisting with claims, and negotiating terms and premiums to secure the best coverage.
When choosing an insurance broker, consider their experience, range of services, client reviews, and the types of insurance companies they partner with. It's also beneficial to choose brokers who provide 24/7 support and have dedicated teams for different insurance needs.
Insurance brokers can assist with a wide range of policies, including health, life, motor, property, liability, and commercial insurance. They help tailor these policies to meet the specific needs of individuals and businesses.
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