General Insurance Companies Govt Of India
Established in 2008 the general insurance company is licensed with the insurance regulatory and development authority of india irda.
General insurance companies govt of india. Users can access details on the public sector companies such as the new india assurance company ltd national insurance company ltd the oriental insurance co ltd united india insurance co ltd. 80 000 crores for 2018 19. At present the company has 105 branches across the nation. 2000 25 reliance health insurance private mumbai.
5 lakhs under this policy. The company provides insurance services to the customers catering to almost all segments of general insurance business. Cholamandalam ms general insurance. Gic re s shares are listed on bse limited and national stock exchange of india ltd.
Select government and private hospitals are a part of this scheme. 1919 23 raheja qbe general insurance private mumbai. The authorized capital and paid up equity capital of the company is rs 200 crore. The insurance provider offers a wide range of general insurance products including health motor home travel etc.
2007 24 reliance general insurance. Besides the company. 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. Cholamandalam ms general insurance company ltd.
As a sole reinsurer in the domestic reinsurance market gic re provides reinsurance to the direct general insurance companies in the indian market. These companies are owned by government of india and the government has plans to merge them for increased profitability and operational feasibility. Gic re has its registered office and headquarters in mumbai. The company has 1924 offices in the country and has employee strength of 13923 as on 31 03 2016.
In 2003 all shares of the company held by the general insurance corporation of india were transferred to the government of india. Gic re or gic of india is a state owned enterprise in india. People residing in tamil nadu earning. It is promoted by tamil nadu government in association with united india insurance company ltd.
One can claim for hospitalization expenses up to rs. The oriental insurance company ltd was incorporated in the year 1947. 1906 22 new india assurance. Details of private insurance organizations are.
Life insurance corporation of india general insurance corporation of india national insurance co. The union cabinet on wednesday decided to halt the merger process of three state owned general insurance companies national insurance oriental insurance and united india insurance for the. General insurance corporation of india since 1972. And agricultural insurance company ltd.
The companies which have been recognized as the government owned insurance companies in india are as follows. 2017 26 religare health insurance company limited. The chief minister s comprehensive insurance scheme is a family floater plan designed for quality health care. The government has set a divestment target of rs.
2012 27 royal sundaram general insurance. Is a combined amalgamation between the murugappa group and mitsui sumitomo.
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