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Insurance Companies

United India Insurance Company Limited

United India Insurance Company Limited (Wholly owned by Govt. of India) is a public sector General Insurance Company of India and one of the top General Insurers in Asia. With the net worth of Rs 4,587 crores as on September 30, 2011, The company has more than three decades of experience in Non-life Insurance business. It was formed by the merger of ... Read More »

Oriental Insurance Company Limited

The Oriental Insurance Company Ltd was incorporated at Bombay on 12th September 1947. The Company was a wholly owned subsidiary of the Oriental Government Security Life Assurance Company Ltd and was formed to carry out General Insurance business. The Company was a subsidiary of Life Insurance Corporation of India from 1956 to 1973 ( till the General Insurance Business was nationalized ... Read More »

National Insurance Company Limited

National Insurance Company Limited (NICL) is a fully central government owned general insurance company based in India. The company headquartered at Kolkata was established in 1906 and nationalised in 1972. After nationalisation in 1972, NICL operated as a subsidiary of General Insurance Corporation of India (GIC). NICL was spun off as a distinct company under the General Insurance Business (Nationalisation) Amendment Act in 2002.  In April, 2004, NIC signed an agreement with Nainital ... Read More »

Life Insurance Corporation of India

Life Insurance Corporation of India (LIC)  is an Indian state-owned insurance group andinvestment company headquartered in Mumbai. It is the largest insurance company in India with an estimated asset value of 1560481.84 crore (US$260 billion). As of 2013 it had total life fund of Rs.1433103.14 crore with total value of policies sold of 367.82 lakh that year. Type : PSU Industry : Financial Servives Founded : 1956 Headquarters : Mumbai Website ... Read More »

General Insurance Corporation of India

GIC of India (GIC Re) is the sole reinsurance company in the Indian insurance market with over four decades of experience. GIC Re has its registered office and headquarters in Mumbai. The entire general insurance business in India was nationalised by the Government of India (GOI) through the General Insurance Business (Nationalisation) Act (GIBNA) of 1972. 55 Indian insurance companies and 52 other general insurance operations of other companies were ... Read More »