The primary competitors of Magma HDI in the general insurance sector include Royal Sundaram, SBI General, and Liberty General Insurance. These companies operate within the same market, vying for similar customer bases and offering comparable insurance products.
Understanding the competitive landscape involves looking at factors such as funding, founding year, and market presence. The following table provides a snapshot of Magma HDI and its identified competitors, including their total funding and founding years, as per Tracxn data:
| Company Name | Total Funding | Founded Year |
|---|---|---|
| Royal Sundaram | $210M | 2001 |
| Magma HDI General Insurance | $148M | 1988 |
| SBI General | $85.4M | 2009 |
| Liberty General Insurance | $53.9M | 2013 |
This information helps to contextualize the competitive environment in which Magma HDI operates. For more details on Magma HDI's competitors and alternatives, you can refer to insights from Tracxn.
