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Apollo Munich Health Insurance

Apollo Munich Health Insurance Company Ltd. Founded on 8 August 2007, it is a joint venture between the Apollo Hospitals group

Religare Health Insurance

Religare Health Insurance Company Limited is an Indian health insurance firm established in July 2012, by Religare enterprise limited, Union Bank of India and Corporation Bank.

Reliance General Insurance

Reliance General Insurance Company Limited is an Indian private insurance company and a part of Reliance Anil Dhirubhai Ambani Group.

New India Assurance

The New India Assurance Co. Ltd., based in Mumbai, Maharashtra is a public sector general insurance company of India.

General Insurance Corporation of India

The entire general insurance business in India was nationalized by the Government of India (GOI) through the General Insurance Business (Nationalization) Act (GINA) of 1972. 55 Indian insurance companies and 52 other general insurance operations of other companies were nationalized.

The General Insurance Corporation of India (GIC) was formed in pursuance of Section 9(1) of GIBNA. It was incorporated on 22 November 1972 under the Companies Act, 1956 as a private company limited by shares. GIC was formed to control and operate the business of general insurance in India.

The GOI transferred all the assets and operations of the nationalized general insurance companies to GIC and other public-sector insurance companies. After a process of mergers and consolidation, GIC was re-organized with four fully owned subsidiary companies: National Insurance Company Limited, New India Assurance Company Limited, Oriental Insurance Company Limited and United India Insurance Company.

General Insurance Corporation of India

Apollo Munich Health Insurance

The domain of health insurance in India was limited to public sector companies till 1999. The fixed rates, terms and conditions of the products insurers could offer were also strictly regulated.

Apollo Munich Health Insurance was one of the first standalone health insurance companies to enter the market after liberalisation of the Indian insurance industry and end of the tariff regime.

 

Reliance General Insurance

Reliance General Insurance offers insurance services across the domains of motor, health, travel and home. The commercial insurance services include commercial vehicle, office and marine.

Motor insurance covers four wheeler, two-wheeler and commercial vehicle. Services such as roadside assistance and cashless facilities through a network of around 2400 garages are provided. Under Health, there are several plans to choose from. They include Healthgain (can be availed in installments), Wellness, Critical Illness and Personal Accident.

Religare Health Insurance

Religare Health Insurance has been a joint venture of Religare Enterprise Private ltd., Union Bank of India and Corporation Bank from 2012 onwards. It got its IRDA approval in July 2012 and has been among the five private sector insurers to underwrite policies exclusively in health, personal accident and travel insurance segments

New India Assurance

Previously it was a subsidiary of the General Insurance Corporation of India (GIC). But when GIC became a re-insurance company as per the IRDA Act 1999, its four primary insurance subsidiaries New India Assurance, United India Insurance, Oriental Insurance and National Insurance got autonomy.

New India Assurance operates both in India and foreign countries. In the recent past it has collaborated with some of the leading public sector bank of India and Financial Institutions to increase its distribution network.