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  2. Life Insurance Corporation - Wikipedia

    en.wikipedia.org/wiki/Life_Insurance_Corporation

    The "LIC's Bima Sakhi Yojana" [27] scheme is a significant program introduced by the Life Insurance Corporation of India (LIC) under the guidance of the Government of India [28]. The scheme was officially inaugurated by Prime Minister Narendra Modi [29] [30] [31] on December 9, 2024, in Panipat, Haryana. The program aims to empower women by ...

  3. Life insurance in India - Wikipedia

    en.wikipedia.org/wiki/Life_insurance_in_India

    Life Insurance in India was nationalised by incorporating Life Insurance Corporation (LIC) in 1956. All private life insurance companies at that time were taken over by LIC. In 1993, the Government of India appointed RN Malhotra Committee to lay down a road map for privatisation of the life insurance sector.

  4. List of insurance companies in India - Wikipedia

    en.wikipedia.org/wiki/List_of_insurance...

    Life Insurance Corporation of India: Govt. Mumbai: 1956 2: HDFC Life Insurance Co. Ltd. Private Mumbai: 2000 3: Max Life Insurance Co. Ltd. Private Delhi: 2000 4: ICICI Prudential Life Insurance Co. Ltd. Private Mumbai: 2000 5: Kotak Mahindra Life Insurance Co. Ltd. Private Mumbai: 2001 6: Aditya Birla Sun Life Insurance Co. Ltd. Private Mumbai ...

  5. SBI Life Insurance Company - Wikipedia

    en.wikipedia.org/wiki/SBI_Life_Insurance_Company

    The company's AUM crossed the milestone of Rs 50000 crore and the total number of branches in the country crossed 750 during the financial year 2012-13.The company's GWP crossed the milestone of Rs 15000 crores during the financial year 2015-16 and in the subsequent financial year in 2016-17 SBI Life's renewal premium collection crossed the ...

  6. Return of premium life insurance - AOL

    www.aol.com/finance/return-premium-life...

    Premium refunds are tax-free but typically don’t include the money paid for riders or any additional fees. If you allow your policy to lapse or you cancel this type of policy early, you likely ...

  7. Insurance Regulatory and Development Authority - Wikipedia

    en.wikipedia.org/wiki/Insurance_Regulatory_and...

    An ordinance was issued on 19 January 1956, nationalising the life-insurance sector, and the Life Insurance Corporation was established that year. The LIC absorbed 154 Indian and 16 non-Indian insurers and 75 provident societies. The LIC had a monopoly until the late 1990s, when the insurance industry was reopened to the private sector.

  8. Canara HSBC Life Insurance - Wikipedia

    en.wikipedia.org/wiki/Canara_HSBC_Life_Insurance

    In 2022, the company registered a profit of 32% on new business weighted premium income of ₹1,375 crore (US$170 million) compared to its last financial year with ₹1,045 crore (US$130 million). And Gross Written Premium (GWP) with a growth of 15% reaching ₹5,890 crore (US$740 million) compared to its last financial year with ₹5,116 crore ...

  9. National Insurance Company - Wikipedia

    en.wikipedia.org/wiki/National_Insurance_Company

    National Insurance Company Limited was incorporated on 5 December 1906 with its registered office in Kolkata.Consequent to passing of the General Insurance Business Nationalisation Act in 1972, 21 Foreign and 11 Indian Companies were merged with it and National became a subsidiary of General Insurance Corporation of India (GIC) which is fully owned by the Government of India.