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The leader in the Insurance company line are L.I.C. A.I.G. Metlife. ICCICI lombard.
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How many insurance company in India?
The Largest Insurance Company in India is LIC - Life Insurance Corporation of India. The other large Insurance cos in India are: 1. HDFC Life 2. ICICI Prudential 3. Birla Sun Life 4. Reliance Life 5. ING Vysya Life 6. Bajaj Allianz 7. Aviva Life etc...
How many private hospital of India?
The Largest Insurance Company in India is LIC - Life Insurance Corporation of India. It is a government Insurance co. The other Government Insurance Cos are:New India AssuranceNational Insurance CompanyetcThe other large Private Insurance cos in India are:1. HDFC Life2. ICICI Prudential3. Birla Sun Life4. Reliance Life5. ING Vysya Life6. Bajaj Allianz7. Aviva Lifeetc...
Will a life insurance policy pay if you are killed in a wreck and liquor is involved?
No. Insurance co will not pay drink and drive accidents. Neither Life Insurance nor auto insurance cos.
What is nationalism in insurance?
I think you have misconstrued the word nationalism with nationalization. If it's the later, taking into consideration the case of India, the nationalisation of life insurance was conceptualised with the formation of 'Life Insurance Corporation of India' under the aegis of the Govt. of India which started functioning from Ist September, 1956.On late, from the year 2000 uptil now 23 private insurance cos. have entered the insurance arena. If your query is nationalism in insurance, obviously a sense of pride in the form of nationalism is always attached with a Govt. Owned Insurance Co. whether as an employee or a customer, holding its policies.
What is the difference between private versus government owned insurance company?
While the Govt. owned insurance cos. are to undergo various social obligations like selling unpopular products at cheap rates in rural areas, the private owned cos. are at liberty to sell at their whims though within the govt. framework. They very often fail to provide promised returns to their clients due to various factors involved. The pathetic show up of private insurance cos. in India is a case in point.The Govt. owned insurance cos. show far better performance in comparison to private cos. in India, as the latest data reveal.
What is the status of LIC of?
Life Insurance Corporation of India presently holds more than 70% shares of India's life insurance business. Its claim ratio is such that specially death claims are settled faster than anywhere in the world. Its total policy holders of 30 crores are more than the total population of U. S. A. Last but not the least, the policy holders money are absolutely guaranteed by the Government of India,since it has been established by an Act of parliament on lst September, l956. The performances of private insurance companies are so poor excepting SBI Life Insurance, that people are soon loosing faith on private insurance cos. and switching over to Life Insurance Corporation of India for greater protection of their hard earned monies.
Nationalisation vs privatization of insurance in India?
f In India, Life Insurance Corporation of India stated functioning on 1st September, 1956. After liberalization of insurance sector, about 23 private insurance companies are acting in both life and general insurance sector. Except the SBI Life Insurance, all the other private companies are incurring huge loss.With their glossy office and robotic field staffs, they are siphoning off business both in life and general insurance casting doubt over their maturity payment. The Life Insurance Corporation of India is still occupying 78% of life insurance market share,instilling confidence among common people. With the UPA Government plan to open insurance sector upto 49% to foreign and private insurance companies,the outcome is awaited with interest, though the watch dog IRDA is very much vigilant about their each and every activity, to protect the interests of common people. It has been seen that the nationalized insurance cos. are to adhere to some social responsibilities imposed on them by the government, where they are to continue with unlucrative insurance products, whereas the private cos. go scot free.They mainly prefer unit linked policies and are unwilling to open branches at rural areas,for rendering service to underprivileged sector of the society.
Who are the three watchdogs of India's financial system?
1) Reserve Bank of India for banking and non banking sector. 2) Insurance Regulatory and Development Authority for insurance sector. 3) Security & Exchange Board of India for stocks, shares,debentures of listed cos.
Who issues an indemnity bond?
Surety Cos...frequnrlty same as insurance Cos
Which Insurance company in India has the best Claim Settlement Ratio?
Well, this is a tough one and I was able to find some details as of the year ending 2010 in the internet. Am not sure, how accurate they are, but these are the numbers.And the Winner is LIC of India with a 96% Claim Settlement RatioOther Insurance Cos with High CSRs:1. HDFC Life - 91%2. ICICI Prudential - 90%3. Birla Sun Life - 89%4. Reliance Life - 89%5. ING Vysya Life - 89%6. Bajaj Allianz - 88%7. Aviva Life - 87%Note: All these figures are for death claims on life insurance policies
What is spiecal about India?
nothing is really spical about india really, africa is way more popular then india and i am not just saying this cos i am african cos i am not, i am accally american.
How do you apply for chief minister's health insurance scheme?
There is no separate Chief Minister's Health Insurance Scheme in India. There is Employees State Insurance Corporation, under which the employees of both state and private organisations are covered. There are various Health Insurance Schemes offered by General Insurance and Private Insurance Cos for medical coverage of both individual and groups of employees.The Government of West Bengal is trying to provide health insurance scheme for lower strata of society at a token premium in collaboration with General Insurance Cos.
