Learn how comprehensive car insurance works, what a package policy covers, claim settlement, IDV, depreciation, deductibles, exclusions and NCB in simple language.

India’s motor insurance industry crossed ₹1.08 lakh crore in premiums during FY26, with ICICI Lombard retaining its leadership position. Here’s a look at the market share rankings of India’s top motor insurers and how the competitive landscape is shaping up.