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ICICI Lombard General Insurance is the largest private-sector general insurance company in India. [5] In a 2016 fiscal, ICICI Bank sold a 9.0% stake in ICICI General to its joint venture partner, Fairfax Financial Holdings, at a company valuation of ₹ 172.25 billion (equivalent to ₹ 250 billion or US$2.9 billion in 2023). [6]
Star Health was founded in May 2006 by V. Jagannathan in partnership with Dubai-based ETA Group. [ 3 ] [ 4 ] In 2018–19, Star Health was acquired by a consortium led by WestBridge Capital, Madison Capital and Rakesh Jhunjhunwala .
3i Infotech Ltd (established as ICICI Infotech Ltd) is a global information technology company headquartered in Navi Mumbai, India.Founded in 1993, it provides a comprehensive range of IT services, including digital transformation, cloud services, cybersecurity, and application development, across various industries such as BFSI (Banking, Financial Services, and Insurance), healthcare ...
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 United Arab Emirates (UAE) is investing heavily in adopting and implementing Information and Communication Technology (ICT) in its government and private sectors.The Global Information Technology Report 2010-2011 indicates that the UAE leads the MENA region in leveraging ICT for increased economic diversification and competitiveness. [1]
ICICI Prudential Life Insurance started its operations in 2001. The life insurance arm was established as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited [10] with assets under management (AUM) of approx. ₹ 1 billion (US$12 million). [11] In 2005, the company crossed the mark of 1 million policies. [12]
The prime minister of India announced an insurance repository system, helping policyholders buy and maintain insurance policies in electronic form rather than on paper. Insurance repositories , like share depositories or mutual fund transfer agencies, will hold electronic records of insurance policies issued to individuals as electronic ...
Now insurance can also be bought online as offered by many companies like Shriram General Insurance, HDFC ERGO General Insurance Company, IFFCO TOKIO General Insurance, Digit Insurance, ICICI Lombard, New India Assurance & Reliance General Insurance. [citation needed] [3] Many insurance companies make their presence online. [4]