Non-Life insurance

Insurance in India can be divided into Life and non-life. Non-life insurance are also known as General Insurance is highly popular as these policies provide financial compensation when losses occur. These losses can be caused due to various incidents like accidents, diseases, fire, natural or man-made mishaps, etc. General insurance policy examples are homeowners policies, motor insurance policies, health insurance, marine insurance, damage coverage from fire, calamities, theft, travel insurance or any online breach incident related to cybersecurity.

The types of non-life insurance policies in India are:

  1. Marine insurance
  2. Home insurance
  3. Travel insurance
  4. Health insurance
  5. Motor insurance
  6. Commercial insurance

Here is a list of Non-Life Insurance companies registered by IRDAI (Insurance Regulatory and Development Authority of India);

List of Non-Life Insurance Companies in India
1.Agriculture Insurance Co. of India Ltd.
2.Bajaj Allianz General Insurance Co. Ltd.
3.Bharti Axa General Insurance Co. Ltd.
4.Cholamandalam MS General Insurance Co. Ltd.
5.Manipal Cigna Health Insurance Co.Ltd.
6.Export Credit Guarantee Corporation of India Ltd.
7.Future Generali India Insurance Co. Ltd.
8.HDFC ERGO General Insurance Co. Ltd.
9.ICICI Lombard General Insurance Co. Ltd.
10.IFFCO Tokio General Insurance Co. Ltd.
11.L&T General Insurance Co. Ltd.
12.Liberty Videocon General Insurance Co. Ltd.
13.Magma HDI General Insurance Co. Ltd.
14.Max Bupa Health Insurance Co. Ltd.
15.National Insurance Co. Ltd.
16.The New India Assurance Co. Ltd.
17.The Oriental Insurance Co. Ltd.
18.Raheja QBE General Insurance Co. Ltd.
19.Reliance General Insurance Co. Ltd.
20.Religare Health Insurance Co. Ltd.
21.Royal Sundaram Alliance Insurance Co. Ltd.
22.SBI General Insurance Co. Ltd.
23.Shriram General Insurance Co. Ltd.
24.Star Health and Allied Insurance Co. Ltd.
25.Tata AIG General Insurance Co. Ltd.
26.United India Insurance Co. Ltd.
27.Universal Sompo General Insurance Co. Ltd.
28.Kotak Mahindra General Insurance Co. Ltd.
29.Aditya Birla Health Insurance Co. Ltd. 
30.Reliance Health Insurance Limited
  31.   Acko General Insurance Limited   
   32.  DHFL General Insurance Co.Ltd.                  
               33.       Edelweiss General Insurance Co.Ltd.
   34.   Go Digit General Insurance Ltd.

Comments

Post a Comment

Popular posts from this blog

How are health insurance claims usually settled?

Image
How are health insurance claims usually settled? Health insurance claims are typically settled by the insurance company paying the healthcare provider directly for the medical services that were provided to the insured individual. The process for settling a health insurance claim typically involves the following steps: The healthcare provider submits a claim to the insurance company, which includes information about the medical services that were provided and the cost of those services. The insurance company reviews the claim to determine whether the services are covered under the policy and, if so, how much of the cost will be covered. If the insurance company determines that the services are covered under the policy, it will pay the healthcare provider for the covered services, minus any deductible or co-payment that is required by the policy. If the insurance company determines that the services are not covered under the policy, it may deny the claim or request additional informat...
Read more

What are Pre-Hospitalisation and Post-Hospitalisation in health insurance?

Image
What are Pre-Hospitalisation and Post-Hospitalisation in health insurance? Pre-hospitalization refers to the period of time before a person is hospitalized for a medical condition or procedure. This period can involve preparing for the hospitalization, such as obtaining necessary medical tests or consultations with healthcare providers, as well as taking any necessary steps to manage the condition until the hospitalization occurs. Post-hospitalization refers to the period of time after a person is discharged from the hospital following a medical condition or procedure. This period can involve follow-up care and treatment, such as medications, rehabilitation, or other therapies, as well as any necessary lifestyle changes to manage the condition. It is important for individuals to follow the instructions provided by their healthcare team during the post-hospitalization period in order to ensure a successful recovery.
Read more

Should Health Insurance be mandatory in India?

Image
Should Health Insurance be mandatory in India? It is generally a good idea for individuals to have health insurance, as it can help to cover the costs of medical care, including hospital stays, surgeries, and other treatments. In India, there are a number of different health insurance options available, including private insurance plans and government-supported insurance programs. Whether or not health insurance should be mandatory in India is a complex issue that depends on a number of factors. On one hand, making health insurance mandatory could help to ensure that more people have access to affordable medical care. This could be particularly beneficial for low-income individuals or those with preexisting medical conditions, who might otherwise have difficulty obtaining coverage. On the other hand, making health insurance mandatory could also pose challenges. For example, it could increase the burden on the government to provide coverage for all citizens, potentially leading to highe...
Read more