Insurance Companies
(Page 1 of 3)Insurance companies in Kerala refer to the companies that offer various types of insurance products to individuals and businesses in the state. Here's a brief history and summary of insurance companies in Kerala, as well as the top companies involved in the industry:
History of Insurance Companies in Kerala:
Insurance companies have been operating in Kerala for several decades, offering various types of insurance products to meet the needs of individuals and businesses. The growth of the insurance industry in Kerala can be attributed to the increasing awareness among people about the importance of insurance and the various benefits it provides.
Summary of Insurance Companies in Kerala:
Top Insurance Companies in Kerala:
a) Life Insurance Corporation of India (LIC)
b) ICICI Prudential Life Insurance
c) HDFC Life Insurance
d) Max Life Insurance
e) Bajaj Allianz Life Insurance
f) SBI Life Insurance
g) New India Assurance
h) Oriental Insurance
i) United India Insurance
Types of Insurance Products:
a) Life Insurance: Provides financial protection to the family of the insured in the event of the insured's death.
b) Health Insurance: Covers medical expenses incurred by the insured in case of illness or accident.
c) Motor Insurance: Covers damages caused to the insured's vehicle in case of an accident.
d) Home Insurance: Covers damages caused to the insured's home and its contents in case of natural calamities or accidents.
e) Travel Insurance: Covers medical expenses and other travel-related expenses incurred by the insured while traveling.
Benefits of Insurance:
a) Financial Security: Insurance provides financial security to individuals and businesses against unforeseen events.
b) Risk Mitigation: Insurance helps in mitigating risks associated with various aspects of life, such as health, home, and vehicles.
c) Tax Benefits: Insurance premiums paid by individuals are eligible for tax deductions under Section 80C of the Income Tax Act.
d) Peace of Mind: Insurance provides peace of mind to individuals and businesses, knowing that they are financially protected against unexpected events.
Overall, the insurance industry in Kerala is well-established, with several top companies offering various types of insurance products. Insurance provides financial security and peace of mind to individuals and businesses, and it is important for people to understand the various benefits of insurance and choose the right insurance products that suit their needs.
List of insurance companies who provide insurance policies.
Insurance companies may be classified into two groups:
Life insurance companies, which sell life insurance, annuities and pensions products.
Non-life, General, or Property/Casualty insurance companies, which sell other types of insurance.
Here are some of the life insurance companies:
- Oriental Insurance Company : The Oriental Insurance Company Ltd was incorporated at Bombay on 12th September 1947.
- General Insurance Corporation of India : GIC provides reinsurance to the direct general insurance companies in the Indian market.
- Aviva Life Insurance Company : Aviva has a joint venture with Dabur, one of India's oldest, and largest Group of companies.
- Bajaj Allianz Life Insurance Company : Bajaj Allianz Life Insurance Company Limited is a Union between Allianz SE, one of the world’s largest Life Insurance companies and Bajaj Auto, one of the biggest 2- &- 3 wheeler manufacturers in the world.
- HDFC Standard Life Insurance Company : HDFC Standard Life Insurance Company is one of India's leading private insurance companies.
- ICICI Prudential Life Insurance : ICICI Prudential Life Insurance Company is a joint venture between ICICI Bank and Prudential plc.
- Apollo DKV Insurance Company Ltd : Apollo Munich Insurance Company website information.
- Bajaj Allianz General Insurance : Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserv Limited.
- ICICI Lombard General Insurance Company : ICICI Lombard General Insurance Company website.
- Bharti AXA Life Insurance : Bharti AXA Life Insurance is a joint venture between Bharti, one of India's leading business groups and AXA, world leader in financial protection and wealth management.