General Insurance Companies In India Wikipedia
Updated list of top 10 best general insurance companies in india to buy insurance plans 1.
General insurance companies in india wikipedia. 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. 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. Agriculture insurance company of india limited aic agriculture insurance co.
General insurance companies in india public sector. But when gic became a re insurance company as per the irda act 1999 its four primary insurance subsidiaries new india assurance united india insurance oriental insurance and national insurance got autonomy with effect from march 21 2003. Is a private public joint venture between three public sector banks namely indian overseas bank iob allahabad bank and karnataka bank. 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.
Universal sompo general insurance company ltd. One of the leading fmgc companies of india and sompo japan nipponkoa a private japanese insurance company based out in tokyo. This multinational company is solely owned by the government and is the biggest in the public sector market. New india assurance company limited.
Previously it was a subsidiary of the general insurance corporation of india gic. Out of 30 general insurers 4 are public insurance companies 6 standalone health insurers 18 mainstream private general insurance companies and remaining 2specialized. The general insurance business act of 1972 was enacted to nationalise about 107 general insurance companies then and subsequently merging them into four companies. The company was been formed to cater to the needs of the agriculture sector and.
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.
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