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Star Health and Allied Insurance Private Chennai: 2006 28 Tata AIG General Insurance: Private Mumbai: 2001 29 The Oriental Insurance Company: Govt. New Delhi: 1947 30 United India Insurance Company: Govt. Chennai: 1938 31 Universal Sompo General Insurance Company Private Mumbai: 2007 32 Kshema General Insurance Limited Private Hyderabad: 2023 33
OICL has one wholly-owned subsidiary, The Industrial Credit Company Limited, with a paid-up capital of ₹ 5 lakh (US$5,800). OICL also holds a stake in the following companies: Health Insurance TPA of India Limited (Total Paid-up Share Capital: ₹ 120 crore (US$14 million) - Oriental's stake: 23.75%);
IRDAI which is responsible for insurance policies in India can create health circles, similar to telecom circles to promote competition. [10] Policy price range: Insurance companies offer health insurance from a sum insured of ₹ 5,000 [11] for micro-insurance policies to a higher sum insured of ₹ 5 million (US$58,000) and above.
In the United States, a third-party administrator (TPA) is an organization that processes insurance claims or certain aspects of employee benefit plans for a separate entity. [1] It is also a term used to define organizations within the insurance industry which administer other services such as underwriting and customer service.
Niva Bupa Health Insurance was founded in 2008 as a joint venture between Max India and Bupa and started operations in 2010. [2] [3]In Jun 2011, it integrated with Insurance Regulatory and Development Authority's Integrated Grievance Management System in real-time, which made the company the first health insurance company in India to have such a system.
In 2008, EdelGive Foundation (the company's charitable wing) was established with education and livelihoods as its primary focus areas. [14] In 2010, Edelweiss acquired Anagram Capital, for Rs. 164 crore. [15] In 2011, Edelweiss Tokio Life Insurance was established as a joint venture between Edelweiss and Japanese insurer Tokio Marine ...
Parliament passed a bill de-linking the four subsidiaries from the GIC in July 2002. There are 28 general insurance companies, including the Export Credit Guarantee Corporation of India and the Agriculture Insurance Corporation of India, and 24 life-insurance companies operating in the country. With banking services, insurance services add ...
United India Insurance Company Limited (UIICL) is an Indian public sector insurance company owned by the Government of India and administered by the Ministry of Finance. Headquartered in Chennai , Tamil Nadu , the company has 30 regional offices and more than 1,400 operating offices nationwide, including 511 micro offices, as of 31 March 2023.