Sentences with phrase «general insurance business»

From 1956 to 1973, the company was a subsidiary of LIC before nationalisation of General Insurance Business in India.

«Hope government encourages families through fiscal measures to adequately insure their homes, which would ensure that families remain protected and also increase penetration of general insurance business in India», said Mukherjee.

HDFC Ergo has acquired L&T General Insurance business and is now the third - largest private sector insurer in the Rs1.5 lakh crore industry.

Future Generali operates in both Life and General insurance businesses as Future Generali India Life Insurance Co. Ltd. and Future Generali India Insurance Co. Ltd. respectively.

Bajaj Finserv Limited holds 74 % and the remaining 26 % is held by Allianz SE.It received the IRDA certification on May 2, 2001 for conducting general insurance business, including health, motor, travel, etc..

Religare Health Insurance commenced operations as standalone health insurance player, NBFC Magma Fincorp entered general insurance business

Among other things, he said, low profitability was also hampering growth of general insurance business in the country.

As of September 2017, AIG is restructuring and will have a general insurance business, a life and retirement unit and a stand - alone technology unit.

LV = will receive # 500 million from Allianz in exchange for a 49 % stake in LV ='s General Insurance businesses (LV = GI).

The long term nature of the joint venture and support from one of the world's largest insurers will allow LV = to build on their highly successful brand and continue to grow their general insurance business.»

Clifford Chance and Allen & Overy have advised Liverpool Victoria Friendly Society and Allianz respectively on their joint venture, creating a general insurance business with over 6 million customers.

The broader Aviva group restructured in 2017, merging the UK life and general insurance businesses.

After the nationalisation of the general insurance business in India, 12 Indian insurance companies, 4 cooperative insurance societies and Indian operations of 5 foreign insurance companies, besides General Insurance operations of the Southern region of LIC were merged with United India Insurance Company.

On Monday, August 28th, IRDA in a board meeting gave approval to the insurer for a separate health insurance arm for its general insurance business.

Despite a very healthy growth of the life insurance and general insurance businesses in India during the first decade of this century, the problem of untapped potential persists.

The General Insurance Business Act of 1972 was enacted to nationalise the about 100 general insurance companies then and subsequently merging them into four companies.

Debt - laden Videocon group has exited the General Insurance business, selling its stake to US - based Liberty Mutual Insurance Group to Enam Securities and DP Jindal Group.

Effective April 1, 2016, service tax will be exempt on services of the general insurance business under the Niramaya Health Insurance Scheme.

In an effort to revive its general insurance business, Reliance Capital may set up a separate health insurance company and collaborate it with Cigna TRead More

Consequent to passing of the General Insurance Business Nationalization Act in 1972, 21 foreign companies and 11 Indian companies were merged with National Insurance and it became a subsidiary of General Insurance Corporation of India (GIC).

As of September 2017, AIG is restructuring and will have a general insurance business, a life and retirement unit and a stand - alone technology unit.

General Insurance business in India comprise of 30 general insurance companies presently offering non-life insurance products like Health Insurance, Motor Insurance, Home Insurance, Travel insurance, Fire Insurance, etc..

The general insurance business — Bajaj Allianz General Insurance Company — reported a 24 per cent rise in gross written premium at Rs 682 crore as against Rs 549 crore in July - September 2007.

General Insurance business in India comprises of 23 general insurance companies presently offering non-life insurance products like Health Insurance, Motor Insurance, Home Insurance, Travel insurance, Fire Insurance, etc..

«The overall slowdown has taken a toll on the general insurance business.