Insurance Industry
who is coming? Who is going?
Every year we
see developments in which:
·
New
Insurance companies enter the Indian Market.
·
Some
of the existing partners in an insurance company decide to exit as a result of
which new investor or shareholder comes in and consequently there can be change
in name of the company.
Let us look at the names of new entrants/ names:
Life
·
Edelweiss
Tokio Life Insurance Co. Ltd. has entered.
General
·
Magma
HDI General Insurance Company Limited has entered
·
Liberty Videocon General Insurance
Company Limited has entered
Health
·
Religare
Health Insurance Company Limited has entered
Change in partners have happened in the recent months
Company
|
Who is gone/going
|
Who has come/ is coming
|
Max New York
|
New York Life USA
|
Mitsui Japan
|
Metlife
|
J & K Bank
|
Punjab National Bank
|
Reliance General
|
Entry of a foreign partner
|
Intact Insurance Co./ HDI-Gerling International Holding
AG.
|
Future Generali
|
Kishore Biyani Group
|
Indian partner is planning to exit
|
Tata AIG General
|
AIG has gone
|
AIA has come
|
Tata AIG Life
|
AIG has gone
|
AIA has come
|
Let us wait and watch.