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IndusInd General Insurance, formerly Reliance General Insurance, writes motor, health, property, marine, engineering and liability lines nationwide.
Operating in the Indian market since 2000
Registered and headquartered in Mumbai
IndusInd International Holdings (Hinduja Group)
Licensed general insurer regulated by IRDAI
IndusInd General Insurance, formerly Reliance General Insurance, writes motor, health, property, marine, engineering and liability lines nationwide. Following the Hinduja Group acquisition it operates under the IndusInd brand, and it leads the latest IRDAI table for claims paid within three months.
We shortlist IndusInd General (formerly Reliance General) most often for fleet-heavy risks and SME property, where its settlement-speed record in the IRDAI data stands out.
2.24% of claims decided were repudiated and 1.73% closed without payment; 99.32% of the claims paid were paid within three months of intimation. In FY2023-24 it paid 97.51% of claims decided. Ranked 3 of 24 general insurers on the share of claims paid. Source: IRDAI Handbook on Indian Insurance Statistics 2024-25, Table 53, published by IRDAI on 3 February 2026. Claim settlement ratio of every general insurer in India.
Solvency ratio 1.59 as at March 2025, against IRDAI's minimum of 1.50 (1.62 a year earlier): whether it could still pay after a very bad year. Solvency ratio of every insurer.
Market share: ₹12,548 crore of gross direct premium in FY2024-25, 4.1% of Indian general insurance, 11th of 34 insurers by size. By line: fire ₹1,114 crore (4.6% of the market); marine ₹138 crore (2.5% of the market); motor ₹4,658 crore (4.7% of the market); health with PA and travel ₹2,217 crore (1.7% of the market). Market share of every insurer.
Health insurance claims: an incurred claims ratio of 97.1% in FY2024-25 (group 96.4%, retail 82.2%), against 87.0% for all health insurers. Incurred claim ratio of every insurer.
Policy wordings: every IndusInd General product in IRDAI's register, with its UIN and wording PDF. IndusInd General policy wordings.
Insurer selection at RFS is never based on a single metric. We weigh claims behaviour on risks like yours, wording quality, engineering support and pricing before recommending a market.
Tell us about your risk and we will tell you honestly whether IndusInd is the right market for it, and at what terms.
Company names and logos belong to their respective owners and are shown to identify insurers RFS places business with. RFS is an independent insurance advisory firm and is not affiliated with or endorsed by any insurer.
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