IndiaOneStop

general insurance company in india

Phone: 91 (040) 6820964

Fax: 91 (040) 6823334

Overview

INDIA is the 5th largest market in Asia by premium following Japan, Korea, China and Taiwan. The US$ 30 billion insurance business in India is expected to grow 17 per cent in fiscal 2008-09* if the country’s economy clocks 7.6 percent GDP. In fiscal 2007-08 life insurers grew their business by 23.3 percent to Rs.930 billion while general insurers posted growth of about 14 percent in premium income to Rs 298 billion. Presently the total number of insurers registered with the Insurance Regulatory and Development Authority (IRDA) stands at 42. 21 in life insurance and 21 in general insurance segments. Some joint ventures include Tata AIG, Bajaj Allianz, ICICI Prudential, SBI Life, HDFC Standard Life, Birla Sunlife, Max New York Life and Bharti AXA Life.

India is the fifth-largest country in Asia in terms of... http://insurance-a.ucoz.com/news/general_insurance_company_in_india/2013-06-28-3947

Fact Sheet: Insurance Bill | Life Insurance General Agency

general insurance company in india

Fact Sheet: Insurance Bill

By Ashutosh Joshi

Prakash Singh/Agence France-Presse/Getty Images

A reflection of the Indian Parliament, New Delhi, Aug. 23, 2011.

Name: The Insurance Laws (Amendment) Bill, 2008

Aim: Among other things, the bill would allow foreign investors to own up to 49% in local insurance companies, up from 26% currently.

It would also create rules that would allow foreign companies to invest in reinsurance companies, which are basically firms that insure insurance companies.

Why it is important: Companies in India’s nascent insurance industry are eager to get more foreign capital to grow their businesses.

India has 24 life insurance companies, and 27 general insurance companies, majority of whom have a foreign partner.

However, many ... http://for-insurance.ucoz.com/news/general_insurance_company_in_india/2013-06-18-3600