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List of Top 7 Insurance Brokers In India

List of Top 7 Insurance Brokers In India Square Insurance - 28 Apr 2022

The future can never be predicted. Dealing with unpleasant situations can only be done by taking proactive measures. The concept of 'insurance' was developed with the aim of reducing risk and providing protection. The main way to manage life risks is through insurance. Today, you can protect your loved ones and the things you cherish through various types of insurance policies. An insurance policy pays a certain sum of money to the beneficiary's family in the event of the insured's death. If you want to choose the right insurance plan, there are plenty of options available as there are many insurance players in the market.

It is always a concern for insurance brokers to sell. Insurance brokers make money by selling policies. This can be a complicated process. If you want to sell policies in this competitive business environment, you need to be sharp and efficient in your approach. Due to this an Insurance broker is necessary.

These stats show that buying a bike insurance policy in the current scenario is necessary, and to get an idea, let's see the definition of the BIke Insurance policy.

Who is an insurance broker?

Insurance Brokers provide a bridge between insurance companies and their customers by selling, soliciting, and negotiating insurance policies on their behalf.

Simply put, they represent their customers, not insurance companies.

The Indian Insurance Regulatory and Development Authority (IRDAI), which is the regulatory body for insurance and reinsurance industries, has approved and recognized 24 companies that operate in the life insurance sector.

You can shortlist the best term insurance policy based on your requirements by choosing the option below, filling out a few insurance-related fields, and letting our system suggest a policy based on your needs.

Insurance broking - How does it work?

One of the few professions that are promising and have a high earning potential is insurance broking. For this profession, the commission percentage and flexible work hours stand out as its highlights.

It is a good career choice to become an insurance broker. But if you want to succeed in the insurance brokerage business, you will have to acquire certain skills.

It doesn't matter if you believe it or not, the old ways don't work anymore.

As There is no doubt that the world has changed dramatically over the past few decades. New ideas and plans are needed now. A different approach is needed to become successful. This is the topic of this blog.

When dealing with a large number of clients, displaying diverse personalities, and dealing with them on a daily basis, you clearly need some expertise.

Check out the Top Insurance Brokers in India for 2024

The list of Top insurance brokers in India is those who represent you as a customer and can provide you with any type of insurance policy you need. Brokers can be easily accessed online nowadays. The broker assists you in choosing what is best for you and receives a commission from the company whose plan you ultimately purchase. In other words, the broker acts as a middleman between you and the insurance company. In India, there are a number of insurance brokers. Comparison shopping can help you find the right one for you.

Top 7 Insurance Brokers in India

  • Square insurance broker Pvt. Ltd.
  • Mahindra Insurance Brokers Ltd, or MIBL.
  • Indian Insure Risk Management & Insurance Broking Services Pvt. ltd.
  • ACM Insurance Brokering Services Pvt. Ltd.
  • Insurers Bureau of India Pvt. Ltd.
  • Helios Insurance Brokers Pvt. Ltd.
  • Insurance Brokers First Policy Pvt. Limited.
Read - Differences Between Insurance Companies And Insurance Brokers

Square Insurance

Incorporated in the state of Rajasthan as a private limited company, Square Insurance Brokers Private Limited efficient insurance broker was founded in 1998. Limited Company. In April 2017, Square Insurance became a Direct Insurance Broker under the Insurance Brokers Regulations, 2002.

In its simplest definition, insurance is a method of managing risks, whereby an insured transfers the risk of possible financial loss to the insurer who then mitigates it in exchange for monetary compensation. In case of an emergency, the financial security of the family is a vital aspect of an individual's life. When analyzing the need for insurance, there is a huge gap between our awareness and its application.

Square Insurance Brokers Private Limited ensures to bridge the gap between what their customers need and what they get by providing them with a 360-degree transparent perspective. To meet the needs of their customers, they are committed to offering timely, honest, reliable, and satisfying services.


The interests of their clients are always put first by their trained, qualified, and professional advisors.

They are Offering their Clients A High Quality, Cost-Effective Service and Showing Commitment By Managing Their Risks And Insurance Needs.

All Insurance Requirements In One Place -

  • Easy, Convenient, and Easy To Use.
  • Customized Coverage Is Available. By sending timely renewal notices and assisting customers with claims-related concerns, they ensure the best services for our customers.
  • By helping their clients buy and manage the right insurance, they don't just "sell" insurance to them.

One of the best insurance company we ever heard.

MIBL or Mahindra Insurance

Mahindra & Mahindra Financial Services Ltd. owns Mahindra Insurance Brokers Ltd. On the basis of its QMS, or Quality Management System, it was awarded the ISO 9001:2015 certification. By providing adequate knowledge and customized solutions to meet their needs in an effective and efficient manner, it excels at providing additional value to all of its customers and users.

India Insure Risk Management and Insurance Broking Services Pvt. Ltd

Insurance broking and risk management services are provided by India Insure. The company maintains nine offices across India and is an ISO 9001:2008 certified company. The company has served over 3000 customers, handled 20 billion dollars in premiums, and 30 thousand corporate insurance policies, and handled 18 thousand non-health claims.

ACME Insurance Broking Services Pvt. Ltd.

It is an established non-government company that has been legally incorporated, registered, and incorporated since 2000. In 2006, IRDAI upgraded the institution to a Composite Insurance Brokerage House based on its performance. As a result of its outstanding performance, several prestigious awards have been given to this company.

Bharat Re-insurance Brokers Pvt. Ltd.

In the field of claims management and insurance consulting, this company has already established itself as a pioneer. The Direct Broking division offers excellent risk management and insurance services for the country's commercial businesses.

Helios Insurance Broking Services Pvt. Ltd.

The Hellios Insurance Broking Services Pvt. Offering one of the best risk management services in the country, it was established by efficient and dedicated professionals from India and the United States. The company has been licensed by the IRDA as one of the first of its kind.

First Policy Insurance Brokers Pvt. Ltd.

The company is one of the eleven most important companies in this genre in the country. Its success is due to a unique conglomeration of experts in different fields, including marketing, engineering, finance, and insurance.