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Thus the only company, which is the forerunner in this very tight competition, is the New India Assurance co with a business figure of Rs.350 Crores. In this month (August 2007) the private players did a business of Rs.881.00 Crores and the Public sectors companies did a business of Rs...
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There were a lot of complaints against these private players regarding mismanagement of funds and non-performance of their part of contracts, with the result that the business of non-life insurers was nationalized by the government of India and one insurer named as General Insurance Corporation of India (GIC of India) came in to being...
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