In the past decade, the insurance industry was growing at a breathtaking pace and today the pace has slackened and there are signs of consolidations. Insurance industry, as on 1.4.2000, comprised mainly two players: the state insurers:   

Life Insurers:

• Life Insurance Corporation of India (LIC)

General Insurers:

• General Insurance Corporation of India (GIC) (with effect from Dec'2000, a National Reinsurer)

GIC had four subsidary companies, namely ( with effect from Dec'2000, these subsidaries have been de-linked from the parent company and made as independent insurance companies.

1. The Oriental Insurance Company Limited
2. The New India Assurance Company Limited
3. National Insurance Company Limited
4. United India Insurance Company Limited.

Insurance Industry in the year 2000-2001 had 16 new entrants, namely:

Life Insurers:

General Insurers :

Yr: 2001-2002 : ( From 1st Jan 2001 to Dec. 2002)

In 2001-2002, the Insurance Industry had 5 new entrants; namely

Life Insurers:

General Insurers :

In the year 2003-2004, the Insurance Industry had 1new entrant; namely

Life Insurers:

In 2004-05, the Insurance Industry had 1new entrant; namely

Life Insurers:

Yr: 2006-2007 :

In the year 2006-07, the Insurance Industry had 1new entrant; namely

Life Insurers:

Yr: 2007-2008 :

In the year 2007-08, the Insurance Industry had 5 new entrants; namely
Life Insurers:

In the year 2008-09, the Insurance Industry had 3 new entrants in Life and 1 new entry in General ; namely

Life Insurers:

General Insurers:

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