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Bharti AXA Life Insurance Company Limited is a joint venture between Bharti Enterprises and French insurance company AXA established in 2006. Bharti Enterprises holds a 51% stake in the joint venture, with AXA holding the remaining 49%. [28] The company has a nationwide presence through 251 branches across India. [29]
In August 2020, ICICI Lombard General Insurance Company acquired Bharti Axa Insurance General, through a share swap deal. [9] The deal enabled Bharti AXA's current shareholders to receive 2 shares of ICICI Lombard for every 115 shares of Bharti AXA held. The merger resulted in a combined annual premiums, worth ₹ 16,447 crore (US$1.9 billion ...
Aviva Life Insurance Company India Ltd. Private Gurugram: 2002 13: Sahara India Life Insurance Co. Ltd. Private Lucknow: 2004 14: Shriram Life Insurance Co. Ltd. Private Hyderabad: 2005 15: Bharti AXA Life Insurance Co. Ltd. Private Mumbai: 2008 16: Future Generali India Life Insurance Co. Ltd. Private Mumbai: 2007 17: Ageas Federal Life ...
The company obtained its license to operate in the general insurance sector from the Insurance Regulatory and Development Authority of India (IRDAI) on 23 October 2000. [6] Reliance General Insurance is a 100% subsidiary of Reliance Capital Limited, a diversified financial services holding company promoted by Reliance Group. [7]
Life insurance is one of the growing sectors in India since 2000 as Government allowed Private players and FDI up to 26% and recently Cabinet approved a proposal to increase it to 49%. In 1955, mean risk per policy of Indian and foreign life insurers amounted respectively to ₹2,950 & ₹7,859 [ 1 ] (worth ₹15 lakh & ₹41 lakh in 2017 prices).
The American arm of Axa is Axa Financial, Inc., which is known mainly through its subsidiaries such as Axa Advisors, Axa Network, MONY (formerly Mutual of New York), US Financial Life, and AllianceBernstein. [49] The Equitable was acquired in 1991; the Mutual Life Insurance Company of New York (MONY) was acquired in 2004. [50] [51]
ICICI Prudential Life Insurance Company Limited is an Indian life insurance company in India. Established as a joint venture between ICICI Bank Limited [ 6 ] and Prudential Corporation Holdings Limited , [ 7 ] ICICI Prudential Life is engaged in life insurance and asset management business.
Tata AIG General Insurance Company, which started its operations in India on 22 January 2001, provides insurance to individuals and corporates. It offers a range of general insurance products including insurance for automobile , home , personal accident, travel , energy, marine , property and casualty as well as specialized financial lines.