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Insurance
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Created on September 1, 1956, when the government took over and nationalised 245 Indian and foreign insurers and provident societies, has more than 2000 fully computerised branch offices, headquartered in Mumbai.
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Set up by the government in 1952 to administer an integrated need-based social insurance scheme to protect workers in contingencies such as sickness, maternity, disablement and injury and to provide them and their dependents medical care.
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Formed in November, 1972 after the government nationalised the entire general insurance business in India, taking over 55 companies and the undertakings of 52 insurers, renotified in November, 2000 as the Indian Reinsurer.
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Incorporated in 1906, became a subsidiary of GIC in 1972, delinked in 2002 and now operating as a government undertaking, carries out non-life insurance business.
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Established by the Tatas in 1919 as the first fully Indian-owned insurance company, nationalised in 1973, one fo the largest non-life insurance companies in the Afro-Asian region.
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Incorporated in February, 1938, twelve Indian insurance companies, four cooperative insurance societies, Indian operations of five foreign insurers and General Insurance operations of LIC were merged with it when General Insurance was nationalised in 1972, offers variety of insurance products.
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Joint venture between ICICI Bank and Prudential plc of the UK, began operations in December, 2000, has over 2000 branches.
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A joint venture between the Apollo Hospitals Group and DKV, the European health insurer headquartered Cologne, Germany, offers health insurance and travel insurance solutions for individuals and coporates.
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An affiliate of MetLife, Inc., a joint venture between MetLife International Holdings, Inc., The Jammu and Kashmir Bank, M. Pallonji and Co. Private Limited and other private investors, offers a range of products to individuals and group customers.
