ICICI Lombard ICICI Lombard GIC Ltd. is a 74:26 joint venture between ICICI Bank Limited, India's second largest bank with consolidated total assets of over USD 100 billion at March 31, 2010 and Fairfax Financial Holdings Limited, a Canada based USD 30 billion diversified financial services company engaged in general insurance.
Apollo Munich Apollo Munich Health insurance is a joint venture between Apollo Hospitals Group and Munich Health, a world leader in the field of health insurance. Apollo Munich's three products were listed as the best health insurance products in the country by one of the leading news papers.
Max Bupa Max Bupa has been formed through a joint venture between Max India Limited and the UK based Bupa Finance PLC, Bupa brings in rich experience in providing health and care to over 10 million customers in more than 190 countries and Max India brings local expertise and service excellence with their strong presence in Life Insurance (Max New York Life), Healthcare (Max Hospitals) and Clinical Research (Max Neeman Clinical Research).
Tata AIG Tata AIG General Insurance Company Limited (Tata AIG General) is a joint venture company, formed by the Tata Group, one of India's largest and most respected business conglomerates, operates in seven business sectors and American International Group, Inc. (AIG), a leading international insurance organization with operations in more than 130 countries and jurisdictions. The Tata Group holds 74 per cent stake in the insurance venture with AIG holding the balance 26 percent.
HDFC ERGO HDFC ERGO General Insurance Company Limited is a 74:26 joint venture between HDFC Limited, India's premier Housing Finance Institution & ERGO International AG, the primary insurance entity of Munich Re Group. HDFC ERGO has been expanding its presence across the country and is today present across 71 cities with 78 branch offices with an employee base of over 950 professionals.
Future Generali Future Generali is a joint venture between the India-based Future Group and the Italy-based Generali Group. Future Generali is present in India in both the Life and Non-Life businesses as Future Generali India Life Insurance Co. Ltd. and Future Generali India Insurance Co. Ltd.
New India Assurance The New India Assurance co. ltd- Incorporated on July 23rd, 1919 Founded by the House of Tata Founder member - Sir Dorab Tata. Nationalised in 1973 with merger of Indian companies. New India has 26 Regional Offices, 393 Divisional Offices, 614 Branches and 34 Direct Agent Branches. Has No. 1 rank in the Indian market. Largest Non-Life insurer in Afro-Asia excluding Japan.
Cholamandalam MS Cholamandalam MS General Insurance Company Ltd. is a Joint Venture between the USD 3 billion Murugappa Group, one of India's leading business conglomerates and Mitsui Sumitomo Insurance Company Limited, which is part of the Mitsui Sumitomo Insurance Group of Japan, the largest General Insurance Company in Japan and 5th largest insurance group globally.
Star Health Star Health and Allied Insurance Co. is a joint venture formed by Oman Insurance Company, ETA Group, Essa Abdullah Al Ghurair from the prominent Al Ghurair family and Tamil Muslim entrepreneurs. Established in 2006, Star Health is an insurance company with business interest in health insurance alone.
Reliance General Reliance General Insurance is one of India's leading private general insurance companies with over 94 customized insurance products catering to the corporate, SME and individual customers. Reliance General Insurance has an extended network of over 200 offices spread across 173 cities in 22 states, a wide distribution channel network.
IFFCO Tokio IFFCO-Tokio General Insurance (ITGI) was incorporated on 4th December 2000 with a vision of being industry leader by building customer satisfaction through fairness, transparency, and quick response. It is a joint venture between the Indian Farmers Fertilizer Co-operative (IFFCO) and its associates and Tokio Marine and Nichido Fire Group, the largest listed insurance group in Japan.
Universal Sompo Universal Sompo is a joint venture between Allahabad Bank, Indian Overseas Bank, Karnataka Bank Limited, Dabur Investments and Sompo Japan Insurance Inc., - Universal Sompo is a uniquely symbolic example of fruitful Public-Private sector partnerships. The Company received the license and certificate of registration from Insurance Regulatory and Development Authority in November 2007.
Raheja QBE Raheja QBE General Insurance Company Limited, a joint venture general insurance company promoted by Prism Cement Limited, India and QBE Holdings (AAP) Pty Limited, a wholly owned subsidiary of QBE Insurance Group Limited, Australia has been registered as a General Insurer under Section 3 of the Insurance Act, 1938 with the Insurance Regulatory and Development Authority (IRDA). The Certificate of Registration (Forms IRDA/R3) has been issued by IRDA on 12.12.08.
Royal Sundaram Royal Sundaram Alliance Insurance is a joint venture between Sundaram Finance (AAA), one of the most respected non-banking financial institutions in India, and RSA, one of the oldest and the second largest general insurer in the UK. The company has been at the forefront of providing innovative insurance solutions for you, your family and business. It became the first private insurer in the country to be licensed post privatization in 2001 and then the first to offer cashless hospitalization.
Bharti Axa Bharti AXA General Insurance is a joint venture between Bharti, one of India's leading business groups with interests in Telecom, Agri Business and Retail; and AXA, world leader in Financial Protection and Wealth Management. Bharti Group holds 74% of equity and AXA holds 26% of the equity. The company was incorporated on 13th July 2007 and plans to commence national operations in August 2008.
Bajaj Allianz Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserv Limited (recently demerged from Bajaj Auto Limited) and Allianz SE. Both enjoy a reputation of expertise, stability and strength. Bajaj Allianz General Insurance received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 2nd May, 2001 to conduct General Insurance business (including Health Insurance business) in India.
National Insurance National Insurance Company ff was incorporated in 1906 with its registered office in Kolkata. Consequent to passing of the General Insurance Business Nationalization Act in 1972, 21 Foreign and 11 Indian Companies were amalgamated with it and National became a subsidiary of General Insurance Corporation of India (GIC) which is fully owned by the Government of India. National has been de-linked from its holding company GIC after the notification of the General Insurance Business (Nationalization) Amendment Act, on 7th August 2002, and presently operating as a Government of India undertaking.
