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Indian Insurance Industry:
In Indian Insurance industry, there were only two major State Insurers in the year 2000:
- Life Insurers: Life Insurance Corporation of India (LIC)
- General Insurers: General Insurance Corporation of India (GIC)
GIC had four subsidary companies. They are:
- The Oriental Insurance Company Limited
- The New India Assurance Company Limited
- National Insurance Company Limited
- United India Insurance Company Limited.
After the Privitization of Insurance Industry several companies entered the Insurance Industry. They are:
Life Insurers:
- HDFC Standard Life Insurance Company Ltd.
- Max New York Life Insurance Co. Ltd.
- ICICI Prudential Life Insurance Company Ltd.
- Kotak Mahindra Old Mutual Life Insurance Limited
- Birla Sun Life Insurance Company Ltd.
- Tata AIG Life Insurance Company Ltd.
- SBI Life Insurance Company Limited .
- ING Vysya Life Insurance Company Private Limited
- Bajaj Allianz Life Insurance Company Limited
- Metlife India Insurance Company Ltd.
- Future Generali India Life Insurance Company Limited
- IDBI Fortis Life Insurance Company Ltd.
General Insurers
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