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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]
Star Union Dai-ichi Life Insurance: Private Mumbai: 2008 22: IndiaFirst Life Insurance Co. Ltd. Private Mumbai: 2009 23: Edelweiss Tokio Life Insurance Co. Ltd. Private Mumbai: 2011 24: Credit Access Life Insurance limited: Private Bengaluru: 2023 25: Acko Life Insurance Limited: Private Bengaluru: 2023 26: Go Digit Life Insurance Limited ...
The Insurance Repository in India is a database of insurance policies.It allows policy holders to make revisions to a policy. It launched on 16 September 2013. It is the world's first of its kind.
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).
NEW DELHI (Reuters) -Foreign institutional investors (FIIs) have some concerns about Life Insurance Corp's (LIC) IPO but global pension funds have "good interest" in the Indian state-run insurance ...
An ordinance was issued on 19 January 1956, nationalising the life-insurance sector, and the Life Insurance Corporation was established that year. The LIC absorbed 154 Indian and 16 non-Indian insurers and 75 provident societies. The LIC had a monopoly until the late 1990s, when the insurance industry was reopened to the private sector.
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Ministry of Heavy Industries & Public Enterprises D/o Heavy Industries: Madhya Pradesh: Manufacturing Consumer goods 140 New India Assurance Company: 1919 Ministry of Finance, Dept of Economic Affairs, Banking & Insurance Division Mumbai, Maharashtra: Services Insurance 141 NLC India Limited: 1956 Ministry of Coal: Tamil Nadu: Mining Coal & Lignite
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