General Insurance Companies In India 2020. General insurance corporation of india has informed the exchange about copy of newspaper publication. Lic is the oldest and most trusted brand amongst the best life insurance companies in india.
Note that you can use this image to embed it on your website and other digital properties using the embed code below. The company deals in a wider range of effective insurance products to suit different requirements of customers. The company has a gross written premium (gwp) of rs 147.89 billion (fy 2019).
It is the only reinsurance company in india.
As of now, there are 31 insurance companies in the country that offer health insurance products. The 32 companies in the indian general insurance sector posted an aggregate net loss of inr14.02bn ($190.6m) for the financial year ended 31 march 2020 (fy2020), from a combined net profit of inr6.83bn in fy2019 and net profit of inr69.09bn in fy2018, according to statistics compiled by general insurance council, which represents all domestic general insurers. Please do not consider it as top 10 or top 20 life insurance companies in india. It was established in 2001 and has a presence in almost 200 indian towns and cities.