General Insurance in India

Important milestones:

1907: The Indian Mercantile Insurance Ltd. set up- this was the first company to transact all classes of general insurance business.
1957: General Insurance Council laid down a code of conduct for ensuring a fair conduct and sound business practices.
1968: The Insurance Act was amended to regulate investments and also a set minimum solvency margin as well as the Tariff Advisory Committee was set up.
1972: The general insurance business in India was nationalized through The General Insurance Business (Nationalization) Act, 1972 w.e.f 1st January 1973.

List of few general insurers & sectors they cover

HDFC ERGO General Insurance Co. Ltd
5 - Plans available
Travel Insurance - 3 Plans
Personal Accident Insurance - 2 Plans
Auto Insurance - 1 Plan
Health Insurance - 1 Plan
Householder Insurance - 1 Plan

TATA AIG General Insurance Co. Ltd.
8 - Plans available
Personal Accident Insurance - 1 Plan
Critical Illness Insurance - 1 Plan
Hospital Care - 1 Plan
Householder Insurance - 4 Plans
Secured Future Plan - 1 Plan
Shopkeepers Insurance - 1 Plan
Auto Insurance - 1 Plan
Maharaksha - 1 Plan Travel Insurance - 4 Plans
Hospital Cash Insurance - 1 Plan
Healthcare+ - 1 Plan
Mediclaim Insurance - 1 Plan