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Livestock Insurance Scheme in India provided "provide protection mechanism to the farmers and cattle rearers against any eventual loss of their animals due to death and to demonstrate the benefit of the insurance of livestock to the people and popularize it with the ultimate goal of attaining qualitative improvement in livestock and their ...
AIC was incorporated on 20 December 2002 with an authorized capital of Rs. 1500 crore. The initial paid-up capital was Rs. 200 crores, which was subscribed by the promoting companies, General Insurance Corporation of India GIC (35%), NABARD (30%) and the four public-sector general insurance companies (8.75%) each, viz., National Insurance Co. Ltd., Oriental Insurance Co. Ltd.,
Crop insurance is insurance purchased by agricultural producers and subsidized by a country's government to protect against either the loss of their crops due to natural disasters, such as hail, drought, and floods ("crop-yield insurance"), or the loss of revenue due to declines in the prices of agricultural commodities ("crop-revenue insurance").
Saraswat Co-operative Bank Ltd: 1918 West Bengal State Co-Operative Bank: 1918 Biecco Lawrie: 1919 Birla Corporation: 1919 Kesoram Industries Ltd. 1919 Mahashian Di Hatti (MDH) 1919 Madhav Prasad Birla Group (M.P Birla Group) 1919 New India Assurance: 1919 Scindia Steam Navigation Company Ltd. 1919 Union Bank of India: 1919 Bridge and Roof ...
It is the world's first of its kind. [1] [2] India's Insurance Regulatory and Development Authority originally issued licenses to five entities to act as Insurance Repositories; [3] however, SHCIL Projects Limited surrendered its Insurance Repository license in September 2015. The remaining four are: CDSL Insurance Repository Limited (CDSL IR) [4]
The firm produces a range of insurance products, including motor, health, accident, engineering, liability, marine, property, travel and rural insurance for individuals and corporate insurance. The company achieved a Gross Written Premium of Rs. 13465 million in 2011 – 12. The company has 93 branches and over 6,000 agents across the country. [2]
In the quarter ending March 2024, Reliance General Insurance reported a net profit of ₹58.31 crore and revenue of ₹1,741.55 crore, with year-on-year growth of 1.13% and 16.21%, respectively. [18]
It was acquired by Spencer's Retail Ltd, a part of RPSG Group in May 2019 from the Godrej Group in an all-cash deal. [26] Dr. Vaidya's - Herbolab India Pvt Ltd: CESC Ventures, a part of RPSG Group, acquired a majority stake in Herbolab India Pvt Ltd, makers of ayurvedic medicines and products under the ‘Dr Vaidya's’ brand. The acquisition ...