General Insurance Companies In India Wiki
The firm offers policy insurance and renewal through its intermediaries and website.
General insurance companies in india wiki. Universal sompo general insurance company ltd. General insurance corporation of india stock last traded price is 140 80 141 00. New india assurance company limited.
General insurance corporation of india gic nabard and four public sector general insurance companies have contributed towards the share capital of the company. General insurance usually refers to the insurance of your automobile house property health vacation and business to name a few. Following is the list of insurance companies in india which have been approved by the insurance regulatory and development authority of india irdai which is a statutory body regulating and promoting the insurance and re insurance industries in india.
The company has a gross written premium gwp of rs 147 89 billion fy 2019. The total paid up capital of general insurance companies and reinsurers as on 31st march 2017 was rs 14 246 crore. Icici lombard general insurance company limited is one of the leading private sector general insurance companies in india.
Is a private public joint venture between three public sector banks namely indian overseas bank iob allahabad bank and karnataka bank. Gic re has its registered office and headquarters in mumbai it was the sole reinsurance company in the indian insurance market until the insurance market was open to foreign reinsurance players by late 2016 including companies from germany switzerland and france. The authorized share capital of the company is rs.
One of the leading fmgc companies of india and sompo japan nipponkoa a private japanese insurance company based out in tokyo. The various types of insurance that do not fall in the category of life insurance are called non life insurance or general insurance. Insurance sector has shown tremendous growth in the recent years.
Updated list of top 10 best general insurance companies in india to buy insurance plans 1. General insurance industry is a major contributor to the country s economy. Gic re or gic of india is a state owned enterprise in india it was incorporated on 22 november 1972 under companies act 1956.
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