Shriram Life Insurance Company Ltd. is a joint venture of the Shriram Group and Sanlam with South African firm holding 26 per cent strake, maximum permissible ceiling for a foreign partner in a private insurance company. (As of June 2009). The Shriram Group is one of the largest and well-respected financial services conglomerates in India. [...]
Profiles of Insurance Companies
Life Insurance Corporation of India Ltd. (LIC)
Life Insurance in its modern form came to India from England in the year 1818. Oriental Life Insurance Company started by Europeans in Calcutta was the first life insurance company on Indian Soil. All the insurance companies established during that period were brought up with the purpose of looking after the needs of European community [...]
National Insurance Company Limited (NIC)
National Insurance Company Limited was incorporated in 1906 with its Registered office in Kolkata. Consequent to passing of the General Insurance Business Nationalisation Act in 1972, 21 Foreign and 11 Indian Companies were amalgamated with it and NIC became a subsidiary of General Insurance Corporation of India (GIC) which is fully owned by the Government [...]
Aviva Life Insurance Co. India Pvt Ltd
Aviva is UK’s largest and the world’s fifth largest insurance Group. It is one of the leading providers of life and pensions products to Europe and has substantial businesses elsewhere around the world. With a history dating back to 1696, Aviva has a 50 million-customer base with presence in 27 countries. It has £381 billion [...]
Kotak Mahindra Old Mutual Life Insurance
Kotak Mahindra Old Mutual Life Insurance is a 74:26 joint venture between Kotak Mahindra Bank Ltd. and Old Mutual plc. Kotak Mahindra Old Mutual Life Insurance is one of the fastest growing insurance companies in India and has shown remarkable growth since its inception in 2001. KMOM is the coming together of Kotak Mahindra Finance [...]

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