Insurance - Government owned Insurance companies


Do you know - How many

 Insurance Company

run/owned by Government of

 India?


There are 8 Government-run insurance companies operating in the country.


01. Life Insurance Corporation of India (LIC) -  100% owned by Government of India

The Parliament of India approved the Life Insurance Corporation Act on the nineteenth of June 1956, and the Life Insurance Corporation of India used to be created on 1st September, 1956, with the goal of spreading life insurance plan a lot extra extensively and in precise to the rural areas with a view to attain all insurable people in the country, presenting them enough economic cowl at a real looking cost.

 Tagline  "Your welfare is our responsibility"

LIC_Policy_Life_Insurance


02. National Insurance Company (NIC) - 
100% owned by Government of India

National Insurance Company Limited (NICL).is that the oldest non-life time-honored insurance plan organization of India. It had been once mounted on fifth December 1906 at Kolkata. social insurance Company was once found out totally on the nationalism concepts of Swaraj (self-government). NICL wont to be nationalized after sixty six years within the 12 months 1972. Thereafter the corporation was once merged with 21 overseas agencies and eleven Indian insurance plan corporations and that’s how social insurance Company Limited was once consolidated into one. it's now one among the four biggest universal insurance plan subsidiaries absolutely owned by means of state of India
                                                             Tagline is "Trusted Since 1906"

NIC_National_Insurance

03. Oriental Insurance Company (OIC) - 
100% owned by Government of India

Oriental Insurance Company Limited was established on 12th September 1947, as government-owned general insurance company. Oriental Insurance Company headquarter is located in New Delhi. It has 31 regional places of work and extra than 1800 lively branches throughout the country
                 Tagline is Prithivi, Agni, Jal, Akash, Sabhi Suraksha Hamare Pass

OIC_Oriental_Insurance



04. United India Insurance Company (UIIC) -  100% owned by Government of India
United India Insurance Company was incorporated on 18 February 1938, and nationalised in 1972. UnitedIndia is a government-owned leading general insurance company and headquarter is located in Chennai, India. It has 2248 offices providing insurance cover to more than 10 million policy holders

                                         Tagline is Rest Assured with us

UIIC _United_Inida_Insurance_Company


05. New India Assurance Company (NIAC) -  85.44% owned by Government of India
The New India Assurance Co. Ltd is a public zone commonplace insurance plan business enterprise of India and headquarter is positioned in Mumbai,, India. It was once based by means of Sir Dorabji Tata in 1919, and used to be nationalized in 1973

Tagline is Leadership & Beyond
NEW_INDIA_Assurance

06. General Insurance Corporation (Re-insurer) (GIC Re) -  85.78% owned by Government of India
GIC Re or GIC of India  was once integrated on 22 November 1972 underneath Companies Act, 1956. GIC  is state owned organization in India and its registered workplace and headquarters in Mumbai, India.

Tagline is Global Reinsurance Solution

Global_Reinsurance_Solution


07. Export Credit Guarantee Corporation of India (ECGC) -  100% owned by Government of India

Export Credit Guarantee Corporation of India Ltd (ECGC) used to be hooked up in July, 1957 to make stronger the export advertising via protecting the hazard of exporting on credit. ECGC thoroughly owned via the Government of India based totally in Mumbai, Maharashtra. It features below the administrative manipulate of the Ministry of Commerce & Industry, Department of Commerce.

Tagline is You focus on exports. We cover the risks
ECGC_Export_Credit_Guarantee_Corporation_of_India

08. Agriculture Insurance Company Of India (AIC) -  Not directly owned Government of India. Share capital provided by public sectors insurance companies and NABARD

Tagline is Sampann Bharat Ki Pehchan. Beemit phasal khushal Kisan.

AIC_Agriculture_Insurance_Company_Of_India




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