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Compiled by:-Dhrumil ShahSY BBA Div 1
Roll No: 38
Role of Private Companies in Insurance
Major players in InsuranceLife Insurance:• Life Insurance Corporation of India• ICICI Prudential Life Insurance Company Ltd.• Bajaj Allianz Life Insurance Company Ltd.• Birla Sun Life Insurance Company Ltd.General Insurance:• General Insurance Corporation of India• TATA AIG General Insurance Company Ltd.• Bajaj Allianz General Insurance Company Ltd.
Market ShareThe following table shows the decline in LIC
share after theprivate companies joined the market.
Market Share
Case Study: ICICI Prudential Life Insurance Co. Ltd.Joint venture between ICICI and Prudential
plc in 2000Registered office- MumbaiChairperson- Ms. Chanda KochharProducts:
o Savings & Wealth Creation Plans- 7o Protection Plans- 2o Retirement plans- 3o Group Plans- 3
Market ShareThe following shows the amount of
premium(in lakhs)collected by different players in the
Insurance industry.
BibliographyInternational Journal of Engineering
Research & Technology(IJERT)International Association of Satellite
Innovation and Research(IASIR)