Top General Insurance Policies

In the current scenario, Insurance is much more than just life cover. Over the years it has successfully identified the growing needs for security of its customers and in the process has covered each and every aspect of our life. Today insurance policies envelops everything ranging from robberies to wedding, shops to assets, travel to vehicles, etc. With the initiation of Triton Insurance Company of Calcutta, general insurance industry in India saw the emergence of India's first general insurance house.

General Insurance in other words is a non-life insurance which insures everything excluding life. Health, Holiday, Accident, Travel, Mortgage Protection, etc are some of the aspects that General Insurance covers. As compared to the normal life insurance policies, general insurance policies function in a different method.

Top general insurance companies in India

Here is the list of some of the top general insurance companies in India and their products:

Tata AIG General Insurance Company Limited: The firm started its operation in 2001 and is a joint venture between American International Group Inc. (AIG) and Tata Sons. In the tie-up Tata holds the stake of 74% while AIG posses 26% of the venture. The General Insurance policies offered by Tata AIG General Insurance Company Limited in India are:

• Hospital Care
• Healthcare
• Maharaksha
• Secured Future Plan
• Householder Insurance
• Critical Illness Insurance
• Auto Insurance
• Travel Insurance
• Personal Accident Insurance
• Shopkeepers Insurance
• Mediclaim Insurance
• Hospital Cash Insurance

ICICI Lombard General Insurance Company Limited: The Company initiated it general insurance business in 2001 and is an ISO 9001:2000 certified firm. It is India's premiere private insurance firm and is collaboration between India ICICI Bank Ltd and Fairfax Financial Holdings Limited. At the Asia Insurance Industry Awards ceremony, the company was honored as one of the top three "General Insurance Company of the Year". The General Insurance policies offered by ICICI Lombard General Insurance Company Ltd in India are:

• Householder Insurance
• Travel Insurance
• Personal Accident Insurance
• Auto Insurance
• Health Insurance

The Oriental Insurance Company Limited: The Company commenced its business in the year 1947 and offered insurance covers to the public at a feasible price. Since 1947, The Oriental Insurance Company Limited has been providing its services to all sections of the society besides offering exclusive covers to mega projects to firms venturing to establish power plants, chemical plants, etc. The General Insurance policies offered by The Oriental Insurance Company Limited in India are:

• Personal Accident Insurance
• Auto Insurance
• Shopkeepers Insurance
• Householder Insurance
• Travel Insurance
• Health Insurance

IFFCO Tokio General Insurance: Known as one of the finest general insurance firm in India, IFFCO Tokio General Insurance offers excellent service to its customers at reasonable costs. The firm has excelled in giving ingenious solutions to its vast clientele. It has been considered as consumer-centric firm and was the first to offer plans to its automobile and fertilizer customers. The General Insurance policies offered by IFFCO Tokio General Insurance in India are:

• Travel Insurance
• Health Insurance
• Personal Accident Insurance
• Householder Insurance

Bajaj Allianz General Insurance Company Limited: A joint venture between Allianz AG, who holds 26% in the company's stake; and Bajaj Auto Limited, who hold the remainder shares; Bajaj Allianz General Insurance Company Limited initiated its operations in 2001. It has a capital foundation of around ` 148 crores and is a premiere private insurer in India offering all kinds of non-life insurance such as health, risk management, etc. The General Insurance policies offered by Bajaj Allianz General Insurance Company Limited in India are:

• Auto Insurance
• Personal Accident Insurance
• Health Insurance
• Householder Insurance
• Travel Insurance

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