Private company

General Insurance Corporation of India

Logo: The logo may be obtained from General Insurance Corporation of India., Non-free logo, via Wikipedia4

Indian public sector Insurance company

General Insurance Corporation, (abbreviated as GIC), is an Indian public sector reinsurance company, headquarters in Mumbai, India. It was incorporated on November 22, 1972, under the Companies Act, 1956. It was the sole nationalised reinsurance company in the Indian insurance market until the insurance market was open to foreign reinsurance players by late 2016 including companies from Germany, Switzerland and France.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1972Founded1
  • Industryinsurance1
  • HeadquartersMumbai1
  • Websitewww.gicofindia.com/en
  • Legal formPublic Limited Company3
  • LEI5493001L5RU4INMMUJ953
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressSURAKSHA170 J TATA ROAD CHURCHGATE, 400020 Mumbai, India3
  • Registered withMinistry of Corporate Affairs, L67200MH1972GOI0161333

General Insurance Corporation, (abbreviated as GIC), is an Indian public sector reinsurance company, headquarters in Mumbai, India. It was incorporated on November 22, 1972, under the Companies Act, 1956. It was the sole nationalised reinsurance company in the Indian insurance market until the insurance market was open to foreign reinsurance players by late 2016 including companies from Germany, Switzerland and France. GIC Re's shares are listed on BSE Limited and National Stock Exchange of India Ltd.2

Corporate structure

General Insurance Corporation of India sits at the top of its group. 2 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • General Insurance Corporation of India Mumbai, India
    • ОБЩЕСТВО С ОГРАНИЧЕННОЙ ОТВЕТСТВЕННОСТЬЮ "ДЖИАЙСИ ПЕРЕСТРАХОВАНИЕ" Subsidiary · 100% · Москва, Russia

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0). Each entity in the chart links to its source.

Products and brands

Operations

All direct general insurance companies of India are required by law to cede a mandatory percentage of every policy value to GIC Re subject to some limitations and exceptions. This percentage of cession is decided by the IRDAI on an annual basis.

In April 2020, GIC Re's Operations in Brazil got status upgrade from 'occasional reinsurer' to 'admitted reinsurer' by the Brazilian Superintendence of Private Insurance (SUSEP). It was published in the Brazilian Gazette on 14 April 2020.

Subsidiaries

GIC Re South Africa Ltd

GIC Perestrakhovanie LLC, Russia

Read the full text

GIC Re, India, Corporate Member Ltd

From Wikipedia’s article on General Insurance Corporation of India, shared under CC BY-SA 4.0.5

Subsidiaries and ownership

Owners

  • Government of India

From Wikidata.1

Timeline

  1. 1972Founded Founded1