Here we are going to take a look at some of the top rated general insurance providers approved by IRDA.
Top General Insurance Companies Approved By IRDA in India
Presented By : General Insurance
Apart from life insurance, there are general insurance or non-life insurance policies to protect your property from fire, theft, manmade crimes or natural calamities. Personal insurance policies are primarily required to cover accidents and medical expenses. Here we are going to take a look at some of the top rated general insurance providers approved by IRDA : -
New India Assurance Company Limited
The company was founded by Sir Dorabjit Tata and incorporated in the year 1919. New India Assurance Company Limited is wholly owned by the government of India. It is the largest general insurance company of India in terms of the gross premium collection including the foreign operations.
This general insurance company was founded in the year 1947. In its initial years, the Oriental Insurance Company Ltd. was a subsidiary of Life Insurance Corporation of India from 1956 to 1973. In 2003, the Government of India acquired 100% shares of the company from General Insurance Corporation of India.
Tata AIG General Insurance Company Ltd.
Founded in 2001, Tata AIG General Insurance Company has climbed up the ladder leaving behind many other companies. Key factor behind growth of the company is the wide range of innovative insurance policies. Recently Tata AIG General Insurance Company launched a strategic initiative called “Go Digital” that simplifies the process of policy sales, renewal and claim settlement.
L&T General Insurance
L&T General Insurance Company Limited commonly known as L&T Insurance operates under complete undertaking of Larsen & Toubro Limited. The Company was founded by two engineers Soren Kristian Tuobro and Henning Holck-Larsen in 1938. Both of the founders were of Danish origin. It is the largest general insurance company in India in private sector. In 2009, the company was listed in the Forbes “World’s most Reputable Companies” and in 2012 it was awarded with Golden Peacock National Quality Award on leadership and quality governance.
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