Life Insurance Corporation of India(Lic)
The Oriental Life Insurance Company, the first company life insurance India offering life insurance coverage, life insurance was established in Kolkata in 1818. Its primary target market life insurance was the population of Europeans in India, and it charged Indians heftier premiums.[6]
Surendranath Tagore had founded Hindustan Insurance Society, which later became Life Insurance Corporation.[7]
The Bombay Mutual Life Assurance Society, formed in 1870, was the first life insurance native insurance provider. Other insurance companies established in the pre-independence era include:
- Postal Life Insurance (PLI) was introduced on 1 February 1884
- Bharat Insurance Company (1896)
- United India (1906)
- National Indian (1906)
- National Insurance (1906)
- Co-operative Assurance (1906)
- Hindustan Co-operatives (1907)
- The New India Assurance Co Ltd (1919)
- Indian Mercantile
- General Assurance
- Swadeshi Life (later Bombay Life)
- Sahyadri Insurance (Merged into LIC, 1986)
These companies were established when India was marked mostly by turbulent economic and political conditions including the Indian rebellion of 1857, World War I and World War II. The effect of these events led to a life insurance high liquidation rate of life insurance companies in India life insurance and adversely affected the faith of the general public in the value of obtaining life insurance. Life Insurance .
Second number:- SBi life insurance
SBI Life[2] is an I SBI life insurance ndian life insurance company which was started as a joint venture between State Bank of India (SBI) and French financial SBI life insurance institution BNP ParibasCardif. SBI has a 55.50% stake in the company and BNP Paribas Cardif SBI life insurance owns a 0.22% stake. Other investors are Value Line Pte. Ltd. and MacRitchie SBI life insurance Investments Pte. Ltd., holding a 1.95% stake each while the remaining 12% is free float stake with public SBI life insurance investors. SBI Life has an authorized capital of ₹20 billion (US$250 million) and a paid up capital of ₹10 billion (US$130 million). The AuM is Rs. 2,623.5 billion. SBI cradit CARD SBI life insurance
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