Examples Of Insurance Companies In India
Following is the list of insurance companies in india which have been approved by the insurance regulatory and development authority of india irdai which is a statutory body regulating and promoting the insurance and re insurance industries in india.
Examples of insurance companies in india. Money back life insurance. Government owned companies in india including those belonging to individual states. Aviva india life insurance. Earlier only two insurance companies were there in india life insurance corporation of india lic and general insurance corporation of india gic.
Benefit of endowment plan long term financial planning and an opportunity to earn returns on maturity. Amex also partnered with multinational information technology companies in india like infosys ltd and tata consultancy services. If you are curious to find out about the top mncs in india learn more here. Established in 1956 this is a state owned enterprise which offers a huge and diverse variety of life insurance products such as endowment plans money back plans term assurance plans pension plans unit linked plans children plans group schemes special plans and many more.
Amex partnered with companies from india and the philippines to take care of its customer service. This gives the country a lot of potential for growth and a place where people can work. As of october 2018 irdai has recognized 24 life insurance. Money back plan is a unique type of life insurance policy wherein a percentage of the sum assured is paid back to the insured on periodic intervals as survival benefit.
Some of the common products that is offered by the company are life insurance plans pension plans child insurance plans unit linked plans special plans and. Aviva india life insurance is the first example of an ayurvedic company of india diversifying into insurance sector. Among the outfits working out of india included spectramind which is owned by wipro an indian it services firm. Intuit india is ranked fourth in the it industry category and third among best companies in supporting women to remain at work category.
India has been attracting various multinational companies with its attractive and friendly policies. Lic is the oldest and most trusted brand amongst the best life insurance companies in india. Wikimedia commons has media related to government owned companies of india. Best known for long term saving option for people with much lower risk appetite for investment.
Established in 1956 one of the largest insurance companies of india is a state owned insurance group and investment firm that offers a range of insurance products to its customers. The company has seen a 29 per cent increase in its gender. Insurance sector has shown tremendous growth in the recent years.
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