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Swami Sadashiva Brahmendra Sar (Nil)     27 June 2009

General Insurance

To my knowledge, there are four companies carrying on general insurance business in India : 1 National Ins. Co , 2. New India Ins Co , 3. Oriental Ins Co , and 4. United India Ins Co . These are under supervision and control of General Insurance Corporation of India.

 Am I correct  or apart from above, is there any other company also, carrying on General Insurance business in India? What is latest position? I will be grateful to learned members for updating my knowledge.

 



 9 Replies


(Guest)

 i think some big business houses have also entered the market like TATA,Reliance and Birla

1 Like

kartikeya (lawyer/cyber law consultant/cyber crime investigator)     27 June 2009

 Following are the list of Life Insurance Companies engaged in Insurance business in India.

Following are the list of General Insurers in India.

Reinsurer

Swami Sadashiva Brahmendra Sar (Nil)     27 June 2009

Thank you mr Kartikeya for providing detailed information. Kindly remove another doubt- you have listed General Insurance Corporation of India in the list of General Insurers. Is it itself functioning as a Insurer or is only a supervisory and controlling body and if it is only a supervisory and controlling body, whether it has controll over all insurers in India or only first 4 public sector companies. Thank you again .

kartikeya (lawyer/cyber law consultant/cyber crime investigator)     28 June 2009

 superintending, controlling and carrying on the business of general insurance.  for more details visit https://gicofindia.in 

1 Like

Swami Sadashiva Brahmendra Sar (Nil)     28 June 2009

Thank you Mr Soni ! Now what is the role of  GIC ? has it been replaced by IRDA ? if not, what is it’s status and function?

M. PIRAVI PERUMAL (Advocate & Consumer Rights)     28 June 2009

LIFE INSURERS Websites
Public Sector
Life Insurance Corporation of India www.licindia.com
Private Sector
Allianz Bajaj Life Insurance Company Limited www.allianzbajaj.co.in
Birla Sun-Life Insurance Company Limited www.birlasunlife.com
HDFC Standard Life Insurance Co. Limited www.hdfcinsurance.com
ICICI Prudential Life Insurance Co. Limited www.iciciprulife.com
ING Vysya Life Insurance Company Limited www.ingvysayalife.com
Max New York Life Insurance Co. Limited www.maxnewyorklife.com
MetLife Insurance Company Limited www.metlife.com
Om Kotak Mahindra Life Insurance Co. Ltd. www.omkotakmahnidra.com
SBI Life Insurance Company Limited www.sbilife.co.in
TATA AIG Life Insurance Company Limited www.tata-aig.com
AMP Sanmar Assurance Company Limited www.ampsanmar.com
Dabur CGU Life Insurance Co. Pvt. Limited www.avivaindia.com
GENERAL INSURERS
Public Sector
National Insurance Company Limited www.nationalinsuranceindia.com
New India Assurance Company Limited www.niacl.com
Oriental Insurance Company Limited www.orientalinsurance.nic.in
United India Insurance Company Limited www.uiic.co.in
Private Sector
Bajaj Allianz General Insurance Co. Limited www.bajajallianz.co.in
ICICI Lombard General Insurance Co. Ltd. www.icicilombard.com
IFFCO-Tokio General Insurance Co. Ltd. www.itgi.co.in
Reliance General Insurance Co. Limited www.ril.com
Royal Sundaram Alliance Insurance Co. Ltd. www.royalsun.com
TATA AIG General Insurance Co. Limited www.tata-aig.com
Cholamandalam General Insurance Co. Ltd. www.cholainsurance.com
Export Credit Guarantee Corporation www.ecgcindia.com
HDFC Chubb General Insurance Co. Ltd.  
REINSURER
General Insurance Corporation of India www.gicindia.com
1 Like

Swami Sadashiva Brahmendra Sar (Nil)     28 June 2009

Thank you Mr Perumal!

The conversations on the topic are just like a refresher course for me. Now,  kindly throw some light on reinsurance ! what does it mean and how it is made !

 

kartikeya (lawyer/cyber law consultant/cyber crime investigator)     28 June 2009

 thanks for the info

Swami Sadashiva Brahmendra Sar (Nil)     28 June 2009

Thank you shri Gopal ji and all above friends! I am deeply interested in this field and I am happy to find you through this forum.


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