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rank-16Ranked 16thLargest Global Reinsurer Group(compiled by A M Best)


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Welcome to GIC Re

The entire general insurance business in India was nationalised by General Insurance Business (Nationalisation) Act, 1972 (GIBNA).

The Government of India (GOI), through Nationalisation took over the shares of 55 Indian insurance companies and the undertakings of 52 insurers carrying on general insurance business.

General Insurance Corporation of India (GIC) was formed in pursuance of Section 9(1) of GIBNA.

It was incorporated on 22 November 1972 under the Companies Act, 1956 as a private company limited by shares.

GIC was formed for the purpose of superintending, controlling and carrying on the business of general insurance.

As soon as GIC was formed, GOI transferred all the shares it held of the general insurance companies to GIC.

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What we provide

  • Business

    As a sole reinsurer in the domestic reinsurance market, GIC Re provides reinsurance to the direct general insurance companies in the Indian market.

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  • Financials

    As GIC Re spreads its wings, it has emerged as an effective reinsurance solution partner for the Afro-Asian Region.

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  • Our Global Footprints

    As a truly world-class Reinsurer, GIC Re has its permanent offices in UK, Malaysia, Russia and U.A.E. and is continuously persevering to enter new frontiers.

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News & Announcements

  • News & Announcement

    GIC Re – Audited Financial Results for the year ended 31st March 2024

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  • News & Announcement

    ‘Kshitij’ September – December, 2023

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  • News & Announcement

    Horizon Magazine June 2023

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  • News & Announcement

    Horizon March,2023

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  • News & Announcement

    GIC Financial Annual Result 2022-23

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  • News & Announcement

    Certificate Forbes 2019 - Best Regarded Companies

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  • News & Announcement

    GIC Re sponsors seating benches at railway stations and support ESMs through penury grants as part of its CSR initiatives

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We are Here To Help

However and whenever

you need it


170, Jamshedji Tata Road, Churchgate,
Mumbai - 400 020


+91 22 2286 7000


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