Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured.
Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party
General Insurance is one of the newest private sector general insurance providers in India. The company was founded in November 2016 and follows a complete online-led model of selling insurance products.specially for its vehicle insuarances
IFFCO-Tokio General Insurance was incorporated in 2000, as a joint venture between the Indian Farmers Fertilizer Co-operative (IFFCO), which is one of the world’s biggest cooperative society, and Tokio Marine Group, which is also the largest listed insurance group in Japan. IFFCO holds 51 per cent in the company and the remaining 49 percent is held by Tokio Marine Group.
Bajaj Allianz Life Insurance offers a range of insurance services, operating through Participating, Non-Participating, and Linked segments.
Bajaj Allianz Life Insurance launches digital branches through Mosambee. Mosambee is a handheld device that offers the services of a mobile branch and assists customers with an entire range of customer services.