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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.
Kotak Mahindra General Insurance: Private Mumbai: 2015 16 Liberty General Insurance: Private Mumbai: 2013 17 Magma HDI General Insurance: Private Mumbai: 2009 18 Niva Bupa Health Insurance: Private New Delhi: 2008 19 National Insurance Company: Govt. Kolkata: 1906 20 New India Assurance: Govt. Mumbai: 1919 21 Raheja QBE General Insurance ...
The New India Assurance Co. Ltd. (NIACL) is an Indian public sector insurance company owned by the Government of India and administered by the Ministry of Finance. Headquartered in Mumbai , [ 5 ] it is the largest nationalised general insurance company of India based on gross premium collection inclusive of foreign operations. [ 6 ]
The business of general insurance was nationalised through The General Insurance (Emergency) Provisions Ordinance promulgated on 13 May 1971 and thereby the business being carried on by 107 entities was consolidated and restructured into four companies namely The New India Assurance Company Limited, Bombay, United India Fire & General Insurance Company Limited, Madras, Oriental Fire & General ...
SBI General Insurance Company Limited is a general insurance company founded in 2009. [1] It started operations in 2010 and is headquartered in Mumbai, India.. The company 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.
People's Insurance Company of China China: 84.5 10 Assicurazioni Generali Italy: 80.3 11 Humana United States: 79.8 12 Berkshire Hathaway United States: 71.6 13 State Farm United States: 71.1 14 Munich Re Germany: 64.7 15 CVS Health United States: 62.2 16 Life Insurance Corporation India: 56.6 17 China Pacific Insurance Company China: 53.7 18
The Oriental Insurance Company Ltd. (OICL) is an Indian public sector insurance company owned by the Government of India and administered by the Ministry of Finance. Headquartered in New Delhi , the company has 29 regional offices and more than 2,000 active branches nationwide.
AIC was incorporated on 20 December 2002 with an authorized capital of Rs. 1500 crore. The initial paid-up capital was Rs. 200 crores, which was subscribed by the promoting companies, General Insurance Corporation of India GIC (35%), NABARD (30%) and the four public-sector general insurance companies (8.75%) each, viz., National Insurance Co. Ltd., Oriental Insurance Co. Ltd.,