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ICICI Lombard: Private Mumbai: 2001 14 IFFCO TOKIO General Insurance: Private Gurugram: 2000 15 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 ...
ICICI Lombard General Insurance is the largest private-sector general insurance company in India. [5] In a 2016 fiscal, ICICI Bank sold a 9.0% stake in ICICI General to its joint venture partner, Fairfax Financial Holdings, at a company valuation of ₹ 172.25 billion (equivalent to ₹ 250 billion or US$2.9 billion in 2023). [6]
On 20 September 2024, Reuters reported that 7.24 terabytes of data of about 31 million Star Health customers, including sensitive personal and health data, was leaked by a threat actor named "xenZen" on Telegram through Telegram chatbots and on their leak website. [10]
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.
By 2020 Indian Insurance is a US$280 billion industry. However, only 500 million people (36.23% of the total population of 1 billion) are covered under Mediclaim. [6] With more and more private companies in the sector, this situation is expected to grow more. ECGC, ESIC and AIC provide insurance services for niche markets.
Policy price range: Insurance companies offer health insurance from a sum insured of ₹ 5,000 [11] for micro-insurance policies to a higher sum insured of ₹ 5 million (US$59,000) and above. The common insurance policies for health insurance are usually available from ₹ 100,000 (US$1,200) to ₹ 500,000 (US$5,900).
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