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Liberty General Insurance is backed by Liberty Mutual, one of the largest property and casualty insurers in the United States.
Operating in the Indian market since 2013
Registered and headquartered in Mumbai
Liberty Mutual joint venture
Licensed general insurer regulated by IRDAI
Liberty General Insurance is backed by Liberty Mutual, one of the largest property and casualty insurers in the United States. In India it focuses on motor, health, fire, marine and commercial lines for retail and corporate clients.
Liberty's global casualty heritage puts it on our liability and employee-benefits shortlists for corporates that want internationally consistent wordings.
3.23% of claims decided were repudiated and 4.2% closed without payment; 97.91% of the claims paid were paid within three months of intimation. In FY2023-24 it paid 91.74% of claims decided. Ranked 11 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 1.75 as at March 2025, against IRDAI's minimum of 1.50 (1.76 a year earlier): whether it could still pay after a very bad year. Solvency ratio of every insurer.
Market share: ₹2,246 crore of gross direct premium in FY2024-25, 0.7% of Indian general insurance, 24th of 34 insurers by size. By line: fire ₹60 crore (0.2% of the market); marine ₹27 crore (0.5% of the market); motor ₹1,661 crore (1.7% of the market); health with PA and travel ₹375 crore (0.3% of the market). Market share of every insurer.
Health insurance claims: an incurred claims ratio of 85.7% in FY2024-25 (group 85.6%, retail 85.9%), against 87.0% for all health insurers. Incurred claim ratio of every insurer.
Policy wordings: every Liberty General product in IRDAI's register, with its UIN and wording PDF. Liberty 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 Liberty 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. Headquarters photo: Liberty Mutual headquarters, Boston — ajay_suresh, CC BY 4.0, via Wikimedia Commons.
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