Page 287 - DCOM304_INDIAN_FINANCIAL_SYSTEM

Indian Financial System

Notes AEGON's businesses serve over 40 million customers in over 20 markets throughout the
Americas, Europe and Asia, with major operations in the United States, the Netherlands
and the United Kingdom. With headquarters in The Hague, the Netherlands, AEGON
companies employ almost 32,000 people worldwide. The company's common shares are
listed on four stock exchanges: Amsterdam, London, New York and Tokyo.
Religare Enterprises Limited (REL) is one of the leading integrated financial services
groups of India. REL's businesses are broadly clubbed across three key verticals - the
Retail, Institutional and Wealth spectrums, catering to a diverse and wide base of clients.
REL offers a multitude of investment options and a diverse bouquet of financial services
with its pan India reach.
Bennett, Coleman & Co. Ltd. (BCCL), part of the Times Group, is India's largest media
house. It reaches out to 2468 cities and towns all over India. The group owns and manages
powerful media brands like The Times of India, The Economic Times, Maharashtra Times,
Navbharat Times, Femina, Filmfare, Grazia, Top Gear, Radio Mirchi, Zoom, Times Now,
Times Music, Times OOH, Private Treaties and indiatimes.com.

Task Compare the performances of various life insurance companies in India and make
an analysis of the same.
13.8 General Insurance

The main player of this sector is General Insurance Corporation or GIC as it is widely known.
Let us know in brief about the main players of the sector. The reading has been arranged in
alphabetical order.
1. Bajaj Allianz General Insurance Co. Ltd.: It deals in motor, home, health and travel
insurance.

2. ICICI Lombard General Insurance Co. Ltd.: It deals in personal , business, NRI and rural
insurance.
3. IFFCO Tokio General Insurance Co. Ltd.: It deals in various general insurance products.

4. National Insurance Co. Ltd.: National Insurance Company Limited was incorporated in
1906 with its registered office in Kolkata. Consequent to passing of the General Insurance
Business Nationalisation Act in 1972, 21 Foreign and 11 Indian Companies were
amalgamated with it and National became a subsidiary of General Insurance Corporation
of India (GIC) which is fully owned by the Government of India. After the notification of
the General Insurance Business (Nationalisation) Amendment Act, on 7th August 2002,
National has been de-linked from its holding company GIC and presently operating as a
Government of India undertaking.

National Insurance Company Ltd (NIC) is one of the leading public sector insurance
companies of India, carrying out non life insurance business. Headquartered in Kolkata,
NIC's network of about 1000 offices, manned by more than 16,000 skilled personnel, is
spread over the length and breadth of the country covering remote rural areas, townships
and metropolitan cities. NIC's foreign operations are carried out from its branch offices in
Nepal.
Befittingly, the product ranges, of more than 200 policies offered by NIC cater to the
diverse insurance requirements of its 14 million policyholders. Innovative and customized
policies ensure that even specialized insurance requirements are fully taken care of.

282 LOVELY PROFESSIONAL UNIVERSITY