General Insurance Business means fire, marine or miscellaneous insurance business whether carried on singly or in combination with one or more of them.
GTFS is a Corporate Agent of Life Insurance Corporation of India, BAJAJ Allianz, Reliance Life Insurance, MAX NewYork Life Insurance, kotak Mahindra Life Insurance, STAR Health Insurance, Reliance General Insurance & Future Generali India.
You can get licence for both life and general business from IRDA for which you are to apply at the time of opting for fresh licence and/or at the time of renewal.
Insurance was privatised in India by 2000.
There are many general insurance companies in India you can get list and details from the below mentioned site http://insuranz.in/category/general/insurance-companies/
General Insurance Corporation of India was created on 1972-11-22.
GTFS is not only a Corporate Agent of Life Insurance Corporation of India but also combine with BAJAJ Allianz, Reliance Life Insurance, MAX NewYork Life Insurance, STAR Health Insurance, Reliance General Insurance & Future Generali India.
In logistic business in India, Transit insurance, Marine Insurance are commonly required apart from Baggage Insurance, Fire & Burglary Policies are other opions.
insurance dealing with stocks, Vachel's etc
Doors were opened for private Insurance Companies in India in 2000, with 23 private insurance companies operating right now in India.
23
In India, it's the IRDA of Insurance Regulatory Development Authority that controls both life and general insurance business, though SEBI (Security and Exchange Board of India) has partial control especially where stock market related policies are concerned.