Tanzindia Assurance Company Limited was launched on November 24, 2003 at Dar Es Salaam, Tanzania as a Subsidiary of Kenindia Assurance Company Limited, Nairobi, Kenya. Kenindia has been established as one of the strong and large players in the insurance industry in Kenya since its incorporation in 1978. Kenindia furthered its expansion interest in the East African Region to leverage its tremendous goodwill and growth in the East African Region by opening a subsidiary in Tanzania. Kenindia Assurance Company Limited draws its strong background and parentage as it is promoted by the consortium of Indian Government owned Insurance Companies, such as Viz Life Insurance Corporation of India, GCI Re, New India Assurance Co. Ltd, National Insurance Co Ltd, Oriental Insurance Co Ltd and United India Insurance Co Ltd. The Group enjoys a strong Financial Standing and expertise in the insurance sector in the Global Insurance market space. Tanzindia majority stakes are owned by Kenindia Assurance Company Limited, Nairobi and Other prominent Local Share holders in Tanzania are also business people of repute which makes them stand in elite class of companies being founded and promoted and backed by strong financial Group.