General Insurance

General Insurance in India

General Insurance came to India as a legacy of British occupation. The first General Insurance company in India is Triton Insurance Company Ltd established in India in the year 1850 in Kolkatta by the British. In 1907, the Indian Mercantile Insurance Ltd, was set up. This was the first company to transact all classes of general insurance business. However, after independence in 1973 General Insurance in India was nationalized and continued till the year 2000. After the set up of IRDA, it opened up the market in August 2000 with the invitation for application for registrations while allowing 26 % FDI. In December, 2000, the subsidiaries of the General Insurance Corporation of India were restructured as independent companies and at the same time GIC was converted into a national re-insure
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    Bharti Axa General Insurance Co Ltd

    Bharti AXA General Insurance Company Ltd is a joint venture between Bharti Enterprises, a leading Indian business group and AXA, a world leader in financial protection. The joi

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    Cholamandalam M S General Insurance Co Ltd

    Cholamandalam MS General Insurance Company Ltd. is a Joint Venture between Murugappa Group and Mitsui Sumitomo Insurance Group of Japan. Cholamandalam MS offers a wide range of

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    HDFC ERGO General Insurance Co Ltd

    HDFC ERGO General Insurance Company Limited is a 51:49 joint venture between HDFC Limited, India?s premier Housing Finance Institution & ERGO International AG, the primary insu

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    IFFCO Tokio General Insurance Co Ltd

    IFFCO-Tokio General Insurance was incorporated on 4th December 2000 as a joint venture between the Indian Farmers Fertilizer Co-operative (IFFCO) and its associates and Tokio

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    SBI General Insurance Co Ltd

    SBI General Insurance Company Limited is a joint venture between the State Bank of India and Insurance Australia Group (IAG). SBI owns 74% of the total capital and IAG the rema