Let us welcome Liberty Videocon General Insurance Company Limited

Let us welcome

Liberty Videocon General Insurance Company Limited

This company is starting operations from Jan 1, 2013.

This company is 25^th insurance company fromGeneral / Non Life / Health Insurance Segment.

Health Insurance products from this company should become available in first quarter of 2013.

Insurance Industry who is coming? Who is going?

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.