Bajaj Allianz General Insurance
Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Auto Limited and Allianz SE. Bajaj Allianz General Insurance received IRDA certificate of Registration on May 2nd, 2001 to conduct General Insurance business (including Health Insurance business) in India. The Company has an authorized and paid up capital of Rs 110 crores. Bajaj Auto holds 74% and the remaining 26% is held by Allianz, SE.
ICICI Lombard General Insurance
ICICI Lombard General Insurance Company Limited is a joint venture between ICICI Bank Limited and the Canada based Fairfax Financial Holdings Limited. ICICI Bank holds 74% of the total stake while the latter holds 26%. ICICI Bank is India's second largest bank; while Fairfax Financial Holdings is a diversified financial corporate engaged in general insurance, reinsurance, insurance claims management and investment management.
TATA-AIG General Insurance
Tata AIG General Insurance Company Limited (Tata AIG General) is a joint venture company, formed by the Tata Group and American International Group, Inc. (AIG). It started its operations in India on January 22, 2001. The Tata Group holds 74 per cent stake in the insurance venture with AIG holding the balance 26 percent.
Royal Sundaram Alliance Insurance
It is the first private insurer in the country to be licensed post privatization in 2001. It is a joint venture between Sundaram Finance (AAA), a non-banking financial institution in India, and RSA, one of the oldest and the second largest general insurer in the UK.
IFFCO-TOKIO General Insurance (ITGI
It is a joint venture between The Indian Farmers Fertiliser Co-operative (IFFCO) and its associates and Tokio Marine and Nichido Fire Group, the largest listed insurance group in Japan. ITGI was incorporated on December 4, 2000.
