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Executives

The then Union Finance Minister Mr. Pranab Mukherjee reviewed the performance of Public Sector Insurance Companies, including LIC, GIC Re and Agriculture Insurance Company of India Limited, during fiscal 2011-12 in a meeting held at New Delhi on the 13th of June 2012. The CEOs of the insurance companies including the Life Insurance Corporation of India and General Insurance Corporation of India were present on the occasion...

Financial Performance Summary (Amounts in Crores)
IN CRORES
Years Gross Premium Earned Premium Incurred Claims Net Commission PBT PAT Total Assets Dividend % Combined Ratio
2001-02 3282 2438 2295 636 357 307 10379 20 121.2
2002-03 4515 3186 2744 909 343 261 11695 22 115.6
2003-04 4641 3992 2895 1072 1277 1038 16441 30 100.2
2004-05 5122 4374 3703 1207 800 200 19552 30 113.2
2005-06 4881 4459 4573 1103 443 599 26424 20 128.3
2006-07 7404 5264 3623 1670 1789 1531 28524 72 101.4
2007-08 9316 7229 6011 2090 1067 993 36013 46 112.8
2008-09 8061 7806 6217 1749 1812 1407 30020 65 102.8
2009-10 9737 8076 6856 1930 1290 1775 43842 82 109.7
2010-11 11681 9544 8626 1926 1189 1033 49729 48 111.4
2011-12 13618 11316 14128 2282 -2490.67 (-)2468.75 53731 0 142.7
2012-13 15086 13322 10942 2906 2382 2345 59940 109 106.5
2013-14 14680 13609 12107 2449 2303 2253 66992 104.5 110.3
2014-15 15183 13558 11891 2784 2827 2693 78093 125.61 109
2015-16 18435 15172 12900 3490 2956 2848 79732 200 107.4
2016-17 33585 26714 21646 5404 3624 3127 94949 233 99.7
2017-18 41799 38096 32954 6370 3668 3233 110227 270 103.8
2019-20 51030 44145 43036 7508 -446 -359 116196 6.75 114.38
2020-21 47,014 42,197 36,854 7,984 3163 1920 134661 0 112.03

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The Website may contain links to other websites, web-pages and services and your use of each website is also subject to the Terms and Conditions and other terms and guidelines, if any, contained within each Site. GIC of India disclaims all liability for the content and/or materials available on such other sites.

The information contained in this website has been prepared solely for the purpose of providing information about General Insurance Corporation of India (GIC of India) to interested parties, and is not in any way binding on GIC of India.

This website has been compiled in good faith, but no representation is made or warranty given (either express or implied) as to the completeness or accuracy of the information it contains.

While all the efforts have been taken to make this website as authentic as possible, please refer to the print versions, notified copies of Acts/Rules/Regulations for authentic version. GIC of India will not be responsible for any loss to any person/ entity caused by any shortcoming, defect or inaccuracy inadvertently or otherwise crept in to the website. Any discrepancy may be brought to the notice of GIC of India.

The Website is maintained by GIC of India and your use of any part of the Website is subject to the Terms and Conditions available herein and all applicable Indian laws.

The materials and content available on the Website are provided without warranties of any kind, either express or implied, and GIC of India specifically disclaims all warranties, including implied warranties of merchantability or fitness for any purpose. GIC of India does not make any representation or warranty regarding the use, or the results of the use, of the materials and content available on the Website in terms of accuracy, reliability or otherwise.

The Website may contain links to other websites, web-pages and services and your use of each website is also subject to the Terms and Conditions and other terms and guidelines, if any, contained within each Site. GIC of India disclaims all liability for the content and/or materials available on such other sites.

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9th rank

Ranked 9thLargest Global Reinsurer Group(Non-IFRS 17 Reporting Reinsurer- compiled by AM Best)