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Life Insurance Corporation of India (LIC) is an Indian public multinational public sector life insurance company headquartered in Mumbai. It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹ 49.24 trillion (US$620 billion) as of March 2023. [3]
Total equity. ₹12,990 crore (US$1.6 billion) [2] (2023) Parent. HDFC Bank (50.39%) [3] Website. www .hdfclife .com. HDFC Life Insurance Company Limited ( d/b/a HDFC Life) [4] is a long-term life insurance provider headquartered in Mumbai, offering individual and group insurance services. The company was incorporated on 14 August 2000.
Canara HSBC Life Insurance is an Indian life insurance company, headquartered in Gurugram. [5] Established in 2008, Canara HSBC Life Insurance [6] was a joint venture between Canara Bank (51%), HSBC Insurance (Asia Pacific) Holdings Limited (26%) and Punjab National Bank (23%). On 15 June 2022, the company renamed itself as Canara HSBC Life ...
Life insurance may be used to cover monthly expenses, debts, college education and child or dependent care. Long-term needs life insurance can cover end-of-life expenses, estate planning, legacy ...
The total premium income was ₹ 320 billion (US$4.0 billion) of which ₹ 120 billion (US$1.5 billion) was from the new business premium while approx. ₹ 210 billion (US$2.6 billion) was of the renewal premium. In 2022, ICICI Prudential Life Insurance company had crossed ₹2.5 trillion (US$30.75 billion) mark in AUM. Partnerships
Number of employees. 18,000 (2023) Website. Sbi Life. SBI Life Insurance Company Limited [3] is an Indian life insurance company which was started as a joint venture between State Bank of India (SBI) and French financial institution BNP Paribas Cardif. SBI has a 55.50% stake in the company and BNP Paribas Cardif owns a 0.22% stake.
Website. lichousing .com. LIC Housing Finance Limited ( LIC HFL) is one of the largest Housing Finance Mortgage loan companies in India having its Registered and Corporate office at Mumbai. LIC HFL is a subsidiary company of LIC. The main objective of the company is to provide long-term financing to individuals for the purchase or construction ...
Whole life insurance. Whole life insurance, or whole of life assurance (in the Commonwealth of Nations ), sometimes called "straight life" or "ordinary life", is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date. [1]
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