MAJOR PLAYERS IN INSURANCE INDUSTRY IN INDIA

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Till 01.04.2000, Insurance industry in India  comprised mainly of only two state insurers namely :-


  Life Insurers:

 General Insurers:       GIC had four subsidary companies, namely :-
  1.     The Oriental Insurance Company Limited
  2.     The New India Assurance Company Limited,
  3.     National Insurance Company Limited
  4.     United India Insurance Company Limited.

 (However,  with effect from Dec'2000, these subsidiaries have been de-linked from the parent company and made as independent insurance companies).

 

IN ADDITION TO ABOVE STATE INSURERS THE FOLLOWING HAVE BEEN PERMITTED TO ENTER INTO INSURANCE BUSINESS :-

 

LIFE INSURERS :

HDFC Standard Life Insurance Company Ltd.
Max New York Life Insurance Co. Ltd.
ICICI Prudential Life Insurance Company Ltd.
Om Kotak Mahindra Life Insurance Co. Ltd.
Birla Sun Life Insurance Company Ltd.
Tata AIG Life Insurance Company Ltd.
SBI Life Insurance Company Limited .
ING Vysya Life Insurance Company Private Limited

Allianz Bajaj Life Insurance Company Ltd.

Metlife India Insurance Company Pvt. Ltd.

AMP SANMAR Assurance Company Ltd.
Dabur CGU Life Insurance Company Pvt. Ltd.

 

GENERAL INSURERS

 

Royal Sundaram Alliance Insurance Company Limited
Reliance General Insurance Company Limited.
IFFCO Tokio General Insurance Co. Ltd
TATA AIG General Insurance Company Ltd.
Bajaj Allianz General Insurance Company Limited
ICICI Lombard General Insurance Company Limited.
Cholamandalam General Insurance Company Ltd.
Export Credit Guarantee Corporation Ltd.
HDFC-Chubb General Insurance Co. Ltd.

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