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The New India Assurance Co. Ltd. (NIACL) is an Indian public sector insurance company owned by the Government of India and administered by the Ministry of Finance. Headquartered in Mumbai, [5] it is the largest nationalised general insurance company of India based on gross premium collection inclusive of foreign operations. [6]
The Insurance Repository in India is a database of insurance policies.It allows policy holders to make revisions to a policy. It launched on 16 September 2013. It is the world's first of its kind.
The business of general insurance was nationalised through The General Insurance (Emergency) Provisions Ordinance promulgated on 13 May 1971 and thereby the business being carried on by 107 entities was consolidated and restructured into four companies namely The New India Assurance Company Limited, Bombay, United India Fire & General Insurance Company Limited, Madras, Oriental Fire & General ...
An automatic renewal clause is used in the insurance and healthcare industries . An automatic renewal clause (also referred to as an evergreen clause), is activated towards the end of the contractual period whereby it automatically renews the terms of an agreement except when the contract is terminated (through mutual agreement or contract breach), or one of the contracting parties has sent a ...
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Pramerica Life Insurance Co. Ltd. Private Gurugram: 2008 21: Star Union Dai-ichi Life Insurance: Private Mumbai: 2008 22: IndiaFirst Life Insurance Co. Ltd. Private Mumbai: 2009 23: Edelweiss Tokio Life Insurance Co. Ltd. Private Mumbai: 2011 24: Credit Access Life Insurance limited: Private Bengaluru: 2023 25: Acko Life Insurance Limited ...
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