Regulatory Framework
The functioning of GIC has to be within the regulations of the following major Acts:
- Memorandum and Articles of Association of the Corporation
(2.1MB)
- IRDAI Obligatory Cessions Gazette
(312KB)
- The Companies Act, 2013
(2.84MB)
- Insurance Act, 1938
(970KB)
- General Insurance Business (Nationalisation) Act, 1972
(334KB)
- General Insurance Business (Nationalisation) Amendment Act. 2002
(182KB)
- Insurance Regulatory and Development Authority Act, 1999
(142KB)
Ranked 10thLargest Global Reinsurer Group(Non-IFRS 17 Reporting Reinsurer- compiled by AM Best)