INDIAN INSURANCE INDUSTRY

INDIAN INSURANCE INDUSTRY

Insurance industry, as on 1.4.2000,
comprised mainly two players: the state insurers:
Life Insurers: Life Insurance Corporation of India (LIC)
General Insurers:General Insurance Corporation of India (GIC)
(with effect from Dec'2000, a National Reinsurer) GIC had four subsidary companies, namely ( with effect from Dec'2000, these subsidaries have been de-linked from the parent company and made as independent insurance companies. The Oriental Insurance Company Limited The New India Assurance Company Limited, National Insurance Company Limited United India

Insurance Company Limited. Yr: 2000-2001 : ( From 2nd April '2000 to 31st December'2001)
Insurance Industry in the year 2000-2001 had 16 new entrants, namely
Life Insurers:S.No. RegistrationNumber Date of Reg. Name of the Company1 101 23.10.2000 HDFC Standard Life Insurance Company Ltd.
2 104 15.11.2000 Max New York Life Insurance Co. Ltd.
3 105 24.11.2000 ICICI Prudential Life Insurance Company Ltd.
4 107 10.01.2001 Kotak Mahindra Old Mutual Life Insurance Limited
5 109 31.01.2001 Birla Sun Life Insurance Company Ltd.
6 110 12.02.2001 Tata AIG Life Insurance Company Ltd.
7 111 30.03.2001 SBI Life Insurance Company Limited .
8 114 02.08.2001 ING Vysya Life Insurance Company Private Limited
9 116 03.08.2001 Bajaj Allianz Life Insurance Company Limited
10 117 06.08.2001 Metlife India Insurance Company Ltd.
11 133 04.09.2007 Future Generali India Life Insurance Company Limited 12 135 19.12.2007 IDBI Fortis Life Insurance Company Ltd.

General Insurers :S.No. Registration Number Date of Registration Name of the Company1 102 23.10.2000 Royal Sundaram Alliance Insurance Company Limited
2 103 23.10.2000 Reliance General Insurance Company Limited.
3 106 04.12.2000 IFFCO Tokio General Insurance Co. Ltd
4 108 22.01.2001 TATA AIG General Insurance Company Ltd.
5 113 02.05.2001 Bajaj Allianz General Insurance Company Limited
6 115 03.08.2001 ICICI Lombard General Insurance Company Limited.
7 131 03-08-2007 Apollo DKV Insurance Company Limited 8 132 04-09-2007 Future Generali

India Insurance Company Limited 9 134 16-11-2007 Universal Sompo General Insurance Company Ltd.
Yr: 2001-2002 : ( From 1st Jan 2001 to Dec. 2002)
Insurance Industry in this year, so far has 5new entrants; namely
Life Insurers:S.No. RegistrationNumber Date of Reg. Name of the Company1 121 03.01.2002 AMP Sanmar Life Insurance Company Limited.2 122 14.05.2002 Aviva Life Insurance Co. India Pvt. Ltd.


General Insurers :
S.No. Registration Number Date of Registration Name of the Company1 123 15.07.2002 Cholamandalam General Insurance Company Ltd.
2. 124 27.08.2002 Export Credit Guarantee Corporation Ltd.
3. 125 27.08.2002 HDFC-Chubb General Insurance Co. Ltd.

Yr: 2003-2004 : ( From 1st Jan 2003 till Date)
Insurance Industry in this year, so far has 1new entrants; namely
Life Insurers:S.No. RegistrationNumber Date of Reg. Name of the Company1 127 06.02.2004 Sahara India Insurance Company Ltd.

Yr: 2004-2005 :
Insurance Industry in this year, so far has 1new entrants; namely
Life Insurers:S.No. RegistrationNumber Date of Reg. Name of the Company1 128 17.11.2005 Shriram Life Insurance Company Ltd.