ANNUAL REPORT 2007-08
PART III STATUTORY FUNCTIONS OF THEAUTHORITY
Issue to the applicant a certificate of registration,
renew, modify, withdraw, suspend or cancel such
During 2007-08, the Authority granted certificate of registration to Apollo DKV Insurance Company Limited to undertake only health insurance business. It also granted certificates of registrations to Future Generali India Insurance Company Limited to underwrite general insurance business; Future Generali India Life Insurance Company Limited to underwrite life insurance business; Universal Sompo General Insurance Company Limited for general insurance and to IDBI Fortis Life Insurance Company Limited for life insurance. Beginning from 1st April, 2008 till 31st August, 2008, the Authority issued certificate of registrations to Shriram General Insurance
Company Limited to underwrite general insurance; Canara HSBC Oriental bank of Commerce Life Insurance for life insurance; Aegon Religare Life Insurance Company Limited to undertake life insurance business and DLF Pramerica Life Insurance Company Limited to underwrite life insurance. With the registration of these companies, the total number of life insurers registered with the Authority has gone up to 21 and the total number of general insurers registered with the Authority has gone up to 20. The Certificate of Registration issued to all the existing life and non-life insurance companies have been renewed in terms of Section 3A of the Insurance Act, 1938.
Statement showing the insurance companies whom R-3 was issued from 01-04-2007 to 31-08-2008
Apollo DKV Insurance Co. Ltd
Future Generali India Insurance Co. Ltd
Future Generali India Life Insurance Co. Ltd
Universal Sompo General Insurance Co. Ltd
IDBI Fortis Life Insurance Co. Ltd
Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd.
Shriram General Insurance Co. Ltd.
Aegon Religare Life Insurance Co. Ltd.
Bharti Axa General Insurance Co. Ltd.
DLF Pramercia Life Insurance Co. Ltd
Name of the Insurance Company
Date of Issue of Registration Certificate
Non-Life Department has acted as nodal department for levy of penalty from 1st April, 07 to 30th Sept. 08 for the following
insurers for the reasons mentioned against their names: