The capital holdings of both companies mutually toll to 74% and 26% respectively.
The company came into being in 2001 and has embarked in association with BNP Paribas which is similar to the trusted name in the insurance sector. The name itself showcases the backing company of this insurance company, which speaks volumes for the trust and credibility it has in the market. The head office of this insurance company is based in Pune and it has recorded a significant amount of growth in recent times. It is the same old company previously known as Bajaj Allianz Life Insurance, having its inception in the year 2001 coming in a collaboration found in between Bajaj Finserv Ltd and Allianz SE. Well, another big company is on the list of insurance companies in India. This company is registered under the tag of a whopping sales figure in the sector of life insurance policies.
It also has a joint venture found in between other groups like Aditya Birla Group and one Canadian financial company – Sunlife Financial INC. It is yet another trusted company in the Indian insurance domain that came into being in 2000. The HDFC has now joined hands with a couple of UK-based financial services companies including Standard Life though it is based in Mumbai. It is yet another common option found in the life insurance groups in India, which came into existence in the year 2000. The company has its ventures in different nations including UK with ICICI and groups like Prudential PLC having its head office in England. ICICI Prudential Life Insurance is one of the leading life insurance companies in India, which all started in the year 2000 and soon turned out to be a leader in the sector of Insurance. It has its head office in Mumbai and the company has 112000 employees all across India. The company is known for its high-quality products and services.
It came into its inception in the year 1956. Popular with the abbreviation called LIC, the company has come a long way to establish itself as the most trusted organization in India. Life Insurance Corporation of India (LIC) However, when it comes to choosing a life insurance policy it is imperative to get a trustworthy one, and some of these are enlisted as under: It is a package that helps in covering as much of the risk in his life and can be rewarded to your family for the sudden demise of the person having the same giving the family members financial support after you. Life insurance is no more an alien term as invariably every second home is seen having it.
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