General Insurance Companies In India Wikipedia
The general insurance business act of 1972 was enacted to nationalise about 107 general insurance companies then and subsequently merging them into four companies.
General insurance companies in india wikipedia. Of india was formed on december 20 2002 on an order of the government of india and started its operations from april 1 2003. Previously it was a subsidiary of the general insurance corporation of india gic. Other public sector companies like the national insurance united india insurance oriental insurance and new india assurance provided non life insurance or say general insurance in india.
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 was been formed to cater to the needs of the agriculture sector and. Updated list of top 10 best general insurance companies in india to buy insurance plans 1.
Twelve indian insurance companies four co operative insurance. All the companies were amalgamated into national insurance new india assurance oriental insurance and united india insurance which were headquartered in each of the four. This multinational company is solely owned by the government and is the biggest in the public sector market.
New india assurance company limited. General insurance business in india comprise of 30 general insurance companies presently offering non life insurance products like health insurance motor insurance home insurance travel insurance fire insurance etc. Is a private public joint venture between three public sector banks namely indian overseas bank iob allahabad bank and karnataka bank.
General insurance companies in india public sector. General insurance in india indiastat helps you to find out comprehensive research data about state wise general insurance insurance agents miscellaneous insurance insurance penetration country wise growth statistics details figures. Out of 30 general insurers 4 are public insurance companies 6 standalone health insurers 18 mainstream private general insurance companies and remaining 2specialized.
Agriculture insurance company of india limited aic agriculture insurance co. One of the leading fmgc companies of india and sompo japan nipponkoa a private japanese insurance company based out in tokyo.
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