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Shriram General Insurance is engaged in commercial and retail vehicle insurance, home insurance and travel insurance. It is a joint venture between Shriram Group and Sanlam. [13] Shriram Capital (formerly Shriram Financial Ventures) is the holding company and promoter of Shriram Group's financial services and insurance businesses. [14]
SBI General Insurance: Private Mumbai: 2010 26 Shriram General Insurance Private Jaipur: 2008 27 Star Health and Allied Insurance Private Chennai: 2006 28 Tata AIG General Insurance: Private Mumbai: 2001 29 The Oriental Insurance Company: Govt. New Delhi: 1947 30 United India Insurance Company: Govt. Chennai: 1938 31 Universal Sompo General ...
In 1961, he started his career as a Trainee Officer with New India Assurance Co. Limited, a general insurance company. [2] Following his stint, in 1974, he set up Shriram Chits to start commercial financing business along with his friends. Over the period of time, the business evolved into a ₹60,000 crore entity.
In 1957 the General Insurance Council (a wing of the Insurance Association of India) was formed, framing a code of conduct for fairness and sound business practice. Eleven years later, the Insurance Act was amended to regulate investments and set minimum solvency margins and the Tariff Advisory Committee was established. In 1972, with the ...
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 ...
Akhila Srinivasan is the Managing Director of the Shriram Group Shriram Life Insurance Company. [1] She is also the founder of the Shriram Foundation, a philanthropic organization with a focus on education, micro-credit, and anti-poverty initiatives, and the founder and Managing Trustee of GiveLife, a related NGO focused on humanitarian projects.
Sanlam Life Insurance, Nigeria – 100%; Sanlam General Insurance, Nigeria – 100%; Shriram Life Insurance, India – 42% via Shriram Capital; Soras Vie, Rwanda – 100%; MCIS Life Insurance, Malaysia – 51%; Sanlam Life Insurance, Mozambique – 51% [citation needed] Zimnat Life Assurance, Zimbabwe – 40% [citation needed] Credit and banking:
The company has a self-service app, FG Insure, which allows customers to manage their policies, purchase and renew insurance, report claims, and track their status. [11] In 2016, FGII launched i-MoSS, an application for motor claim surveyors for faster settlement of motor claims. [12]