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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 ...
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.
As of July 2024, IRDAI has recognized 26 life insurance companies. Following is the list: [ 1 ] List is arranged chronologically based on their recognition by IRDAI
[5] [6] In some instances, an application is effectively used to dissuade "walk-in" applicants, serving as a barrier between the applicant and a job interview with the person who has the authority to hire. [7] For many businesses, applications for employment can be filled out online, rather than submitted in person.
The Life Insurance Corporation of India (LIC) is an Indian multinational public sector life insurance company headquartered in Mumbai.It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹ 52.52 trillion (US$610 billion) as of March 2024. [4]
It is a coalition of 40 political parties in India to take on the ruling National Democratic Alliance led by the Bharatiya Janata Party in the 2024 Indian general election. [ 1 ] [ 2 ] Member Parties
The Central Labour Service (CLS) cadre is an Organized Group 'A' Central Civil Services of the Government of India.It was formed in February 1987 by amalgamating 3 bodies: Labour Officers (Central Pool), Central Industrial Relations Machinery and Welfare Organisation of the Ministry of Labour. [1]