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Insurance Companies

Life Insurance Corporation of India (LIC)

The Life Insurance Corporation of India (LIC) or Bhartiya Jivan Beema Nigam is the largest life insurance company in India. It is also the country’s largest investor. The LIC is fully a Government Company. And it also funds close to 24.6% of the Indian Government’s expenses. It has assets estimated of 13.25 trillion. It was founded in 1956 with the merge of about 243 insurance companies and provident societies. [… Next …]

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India's Top 10

Top 10 Insurance Companies of India

The insurance sector in India has undergone a number of phases since its inception in 1818. The sector gained real momentum in the last decade when the Indian government allowed private companies to furnish insurance products. Moreover, India welcomed foreign direct investment up to 26% in the insurance sector and since then it has been booming, capturing every opportunity for growth. [… Next …]