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-insurer. Today there are 28 general insurance companies including the ECGC and Agriculture Insurance Corporation of India.

News

IRDAI directs insurers to sell third part insurance cover online

Insurance companies are now directed to sell the mandatory Motor Third Party (TP) liability policy online, according to a directive ...

Zicom to offer IoT based device – to aid insurers

Zicom is in talks with insurance firms to offer its IoT-based Vehicle Passenger Safety Solution. Its device Street Smart when ...

General Insurance in India

General Insurance came to India as a legacy of British occupation. The first General Insurance company in India is Triton ...

List of General Insurance Companies in India

 

Sbi General Insurance Co Ltd

Company Name: SBI General Insurance Co Ltd OldName: Group : Address: Corp Office "Natraj", 101, 201 & 301, Junction of ...

Toffee Insurance

Company Name: Toffee Insurance OldName: Group : Address: Corp Office 308-309 Tower C, Golf Course Extension Road Unitech Business Zone, ...

United India Insurance Co Ltd

Company Name: United India Insurance Co Ltd OldName: Group : Address: Corp Office 24, Whites Road, Royapettah City: Chennai 600014 ...

Universal Sompo General Insurance Co Ltd

Company Name: Universal Sompo General Insurance Co Ltd OldName: Group : Address: Corp Office Unit No 401, 4th Floor,Sangam Complex, ...