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India
01 Jan 1966 (60 Years)
Last online: No recent activity
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know SICOM
Company Information
Get to know SICOM
Established in 1975, the State Insurance Company of Mauritius Ltd (SICOM) is a key player in the financial services sector of Mauritius. Initially created to manage insurance and pension schemes for public sector employees, it has since expanded its operations to serve the private sector and the general public. Today, SICOM offers a comprehensive portfolio of products including life assurance, general insurance, pension management, loans, and investment solutions, aiming to provide financial security and peace of mind to its customers.
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