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In 2015, Policybazaar launched its app [14] for Android and iOS users. In February 2020, Sarbvir Singh was appointed CEO, effective December 2019, while Yashish Dahiya took over the role of group CEO. [15] In June 2021, Policybazaar obtained an insurance broking license from IRDAI and announced that it would set up 100 offline outlets across ...
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 ...
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).
Life Insurance Corporation India: 56.6 17 China Pacific Insurance Company China: 53.7 18 Health Care Service Corporation United States: 46.7 19 Progressive Corporation United States: 46.4 20 The Allstate Corp United States: 45.8 21 Zurich Ins Group Ltd Switzerland: 44.8 22 HDI Germany: 44.2 23 Liberty Mutual United States: 43.7 24 Dai-ichi Life ...
When Oriental Life Insurance Company [4] was started by Anita Bhavsar in Kolkata to cater to the needs of European community. The LIC had monopoly until the late 90s when the Insurance sector was reopened to the private sector. But, now there are 23 private life insurance companies in India. [5]
Reliance Nippon Life Insurance Company: Private Mumbai: 2001 12: 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 ...
Paisabazaar, co-founded by Yashish Dahiya , [6] [7] Alok Bansal, and Naveen Kukreja in Gurugram, Haryana in 2014, [8] [9] is owned by PB Fintech, the parent company of the insurance technology platform Policybazaar. In July 2018, the platform achieved an annualized loan disbursal rate of $1 billion.
Info Edge was one of the early investors of Zomato (then known as FoodieBay) and reportedly invested in Policybazaar in 2008 before its website was launched. [17] Between 2010 and 2013, Info Edge invested a total of ₹ 86 crore in Zomato across four rounds and became the controlling shareholder in Zomato. [21]