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. This post presents a list of Insurance Companies in India. [… Next …]
United India Insurance Company Limited (UIIC) is a leading General Insurance Company of India. The Head Quarter is at Chennai, India. The Insurance company has more than three decades of experience in Non-life Insurance business. It was formed by the merger of 22 companies, consequent to the nationalisation of General Insurance companies in India. United India has been also in the forefront of designing and implementing complex covers to large customers, as in cases of ONGC Ltd, GMR- Hyderabad International Airport Ltd, Mumbai International Airport Ltd Tirumala-Tirupati Devasthanam. [… Next …]
The Oriental Insurance Company Ltd was incorporated at Bombay on 12th September 1947. The Company was a wholly owned subsidiary of the Oriental Government Security Life Assurance Company Ltd and was formed to carry out General Insurance business. The Company was a subsidiary of Life Insurance Corporation of India from 1956 to 1973. In 2003 all shares of our company held by the General Insurance Corporation of India has been transferred to Central Government. [… Next …]
Apollo Munich Health Insurance is the Quality healthcare and a fact reiterated by global healthcare experts and international accreditation bodies. Committed to bring world class health care within the reach of every individual, Apollo Hospitals Group has joined hands with Munich Health in a world leader in the field of health insurance Company. The joint venture is poised to make good the conviction of both are the partners that Indian health insurance market is on the brink of explosive growth.
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MetLife India Insurance Company Limited (MetLife) is an affiliate of MetLife, Inc. and was incorporated as a joint venture between MetLife International Holdings, Inc, The Jammu and Kashmir Bank, M. Pallonji and Co. Private Limited and other private investors. MetLife is one of the fastest growing life insurance companies in the country.MetLife Inc. Company, through its affiliates, reaches more than 70 million customers in America, Asia Pacific and Europe. [… Next …]
Reliance Life Insurance is an associate company of Reliance Capital Ltd., a part of Reliance Group. Reliance Capital is one of India’s leading private sector financial services companies, and ranks among the top 3 private sector financial services and banking companies, in terms of net worth. Reliance Capital has interests in asset management and mutual funds, stock broking, life and general insurance, proprietary investments, private equity and other activities in financial services. [… Next …]
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 …]