general insurance company limited
GIC Perestrakhovanie LLC, Russia is a 100% subsidiary of GIC Re which was established on 14 November 2018 and was licensed on 30.01.2020 to transact reinsurance business. On 26 August 1976, Chairman A Rajagopalan in GIC’s Board Minutes signed and approved the motto of GIC Re, Ãpatkãle Rakshisyãmi. The business of general insurance was nationalised through The General Insurance (Emergency) Provisions Ordinance promulgated on 13 May 1971 and thereby the business being carried on by 107 entities was consolidated and restructured into four companies namely The New India Assurance Company Limited, Bombay, United India Fire & General Insurance Company Limited, Madras, Oriental Fire & General Insurance Company Limited, Bombay and National Insurance Company Limited, Calcutta (New India Assurance Co. Ltd., United India Insurance Co. Ltd., The Oriental Insurance Co. Ltd., and National Insurance Company Co. Ltd. respectively). 2020-12-17. Synonymous with our name, we specialize in all classes of general insurance. Kotak offers various general insurance policies in India. The Group was formed when Insurance Company of East Africa Limited (ICEA) and Lion of Kenya Insurance Company Limited (LOK) merged in 2011. Company status. General Insurance Company Hattisar, Kathmandu, Nepal P.O. Magma HDI General Insurance Company caters general insurance needs online covering motor car insurance, health insurance, fire Insurance, home Insurance, personal accidental Insurance and more General Insurance Company Limited (GIC) Sector Non-Life Insurance Shares Outstanding 10,000,000.00 Market Price 534.00 % Change -0.19 %: Last â¦ Cholamandalam MS, a General Insurance Company in India, offers a wide range of insurance policies for individuals and corporates. An insurance pool is a multiple member, risk sharing arrangement where organisation pool their funds together to finance an exposure, liability, risk or some combination of three. We at General Insurance Co. Ltd., the first indigenous insurance company in Antigua, opened our doors for business on October 1, 1984. The company underwrites business from the entire African continent except Egypt and Libya. Find out in our 2018 Employee Benefit Trends Study. 20,559,812,600. Registered in Bermuda as a limited liability company, with operational headquarters in Amman, Jordan, and offices in London, Dubai, Casablanca and Kuala Lumpur, IGI is listed on Nasdaq Capital Markets under the symbol âIGICâ.  It was published in the Brazilian Gazette on 14 April 2020. 2019 Liberty General Insurance Ltd. Reg Office: 10th floor, Tower A, Peninsula Business Park, Ganpat Rao Kadam Marg, Lower Parel, Mumbai - 400013 Trade Logo displayed above belongs to Liberty Mutual and used by the Liberty General Insurance Limited under license. The Company is promoted by General Insurance Corporation of India and its erstwhile subsidiaries namely, National Insurance Company Limited, The New India Assurance Company Limited, The Oriental Insurance Company Limited and United India Insurance Company Limited. GIC’s stated role was to function as the holding company of the four companies, and superintend, control and carry on the business of General insurance on behalf of the Government of India. We will assist with getting an affordable insurance quote, claims and other policy services. Get General Insurance Corporation of India Ltd. detailed news, announcements, financial report, company information, annual report, balance sheet, profit & loss account, results and more. © 2021 General Insurance Company Nepal Ltd., All Rights Reserved. The present membership strength of the Pool is 26. generalinsurance.com.np, Hattisar, Kathmandu, Nepal P.O. Like its sister company FWD Life Insurance, which has operations in 9 Asia markets, it is focused on delivering customer-led easy-to-understand products, supported by digital technology. Box: 21746 Email: email@example.com General Insurance Corporation of India Limited abbreviated as GIC Re is an Indian public sector reinsurance company. Household Insurance policy provides the comprehensive coverage against Fire, Burglary, Riot, Flood, Storm and Earthquake & Personal Accident of the property owner. for CIS GENERAL INSURANCE LIMITED (12698289) Registered office address. It is classified as Non-govt company and is registered at Registrar of Companies, Bangalore. The Pool has now completed 18 years of successful operation and continuing to provide automatic capacity to the domestic insurance companies for covering terrorism risk. FWD General Insurance is a general insurance provider with operations in Hong Kong, Thailand and Singapore. The Company current operating status is live and has been operating for 100 years 305 days. Affordable insurance plans, get an instant free quote now! 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). â Fri.: 8:30AM-4:30PM Sat. GIC Nepal started this policy from 21/06/2018. 40,000,000,000 and its paid up capital is Rs. Long-term policies underwritten by 1Life Insurance Limited, an authorised insurer and financial services provider. FNCRIP was formed under the ambit of FAIR (Federation of Afro-Asian Insurers and Reinsurers) to meet the reinsurance requirements of insurers in the Afro-Asian region for natural catastrophe covers in the backdrop of increased frequency and severity of natural catastrophe events in the region. GIC Re South Africa Ltd is a 100% owned subsidiary of GIC Re. GIC acquired Jeevan Kendra that belonged to LIC and housed its Bombay Zonal Office. GIC Nepal started this policy from 04/07/2018. It was extensively renovated retaining its curved front and then gilded with panels of reflective glass. As part of its global business outlook, GIC Re has been providing capacity to Lloyd’s syndicates through quota share capital gearing treaties since 2011. GIC Re's shares are listed on BSE Limited and National Stock Exchange of India Ltd. IMTRIP was formed in April 2002 as an initiative by all the non-life insurance companies in India in the aftermath of withdrawal of insurance and reinsurance capacity for terrorism risk in the international market, after the 9/11 incident. The Pool enables coverage for Nuclear Operators and Nuclear Suppliers against nuclear liability arising out of Civil Liability for Nuclear Damage Act, 2010 in India. ING General Insurance Company Limited: Hong Kong: General ING Life Insurance Company (Bermuda) Limited: Bermuda: Long Term International Health Insurance Denmark Forsikringsaktieselskab: Denmark: General Kolnische Ruckversicherungs-Gesellschaft AG (Cologne Reinsurance Company Plc) Germany: Composite In 1980s, GIC’s logo was modified and the motto was incorporated in Devanagari Script. GIC Re’s Board of Director consists of Mr. Devesh Srivastava (Chairman-and-Managing Director), Mr. A K Das (MD and CEO, BOI), Mr. V Ramasamy (Independent Director), Mr. Amarendra Pratap Singh (Independent Director), Mr. G B Pande (Independent Director), Ms. Dakshita Das (Additional Secretary, DFS), and Ms. A Manimekhalai (Executive Director, Canara Bank). Personal Accident Insurance covers financial loss which may arise with a result of accident caused by external violent and visible means causing death or disablement by bodily injury. The Pool enables members/non-life insurance companies to provide insurance cover against terrorism risk in India on the combined underwriting capacity of the members. IME General Insurance Limited Narayanchaur, Naxal Ward No 1, Kathmandu Nepal. Tata AIG General Insurance Company Limited, one of the most prominent private sector general insurance companies in India, is a joint business enterprise between Tata Group and American International Group (AIG). At the time of its creation, GIC was headquartered in the fourth floor of Industrial Assurance Building owned by LIC. ... Auto & General Insurance Company Limited is an authorised insurer and financial services provider. This Insurance covers loss of money carried by authorized messengers whilst in transit from one place to another, due to robbery loss caused by accident of vehicle or plane. Tata AIG General Insurance Company Limited celebrates 20 years of service this year (2020) since it commenced operations in India on January 22, 2001. Buy/Renew Car insurance, Two Wheeler/Scooter insurance, Health insurance, Travel insurance, home insurance & other Insurance products offered by taking a quote online now! IRDAI Registration Number : 146 (Registration type: General Insurance Company). GREAT EASTERN GENERAL INSURANCE LIMITED (the "Company") is a Public Company Limited by Shares, incorporated on 3 February 1920 (Tuesday) in Singapore. SBI General Insurance & Sun. GIC was reborn as a pure reinsurance company in November, 2000. GST number of Reliance General Insurance Company Limited is 27AABCR6747B1ZG. Last Update : : Buy and renew general insurance online with Kotak General Insurance. GIC Housing Finance Limited, was incorporated as 'GIC Grih Vitta Limited' on 12 December 1989. : Closed Prism Cement Limited holds a 74% stake in the company while QBE Holdings has the remaining 26% stake in the general insurance venture. Bharti Axa General Insurance Company Limited is a Public incorporated on 13 July 2007. Contact Us Contact Us ADDRESS 58 Half Way Tree Road, Kingston 10, Jamaica MONTEGO BAY BRANCH Unit 8, Summit Business Center Fairview, Montego Bay St. James Email firstname.lastname@example.org PHONE (876) 929-9643 (876) 929-8451 (876) 929-8454 FAX (876) 960-1270 OPENING HOURS Mon. Burglary Insurance covers the contents of premises against loss or damage by Burglary and Housebreaking. The group is currently constitutedas an asset management company, a general insurance company, and a life insurance company. As a capacity provider, since GIC Re was required to have its own Corporate Membership at Lloyd’s, GIC Re acquired I-CAT CCM TEN Ltd, an existing Corporate Member company, in December 2013 and renamed it as GIC Re, India, Corporate Member Ltd, which is registered as a private limited company in the UK and 100% owned subsidiary of GIC Re. 110 crore.Bajaj Finserv Limited holds 74% and 26% is held by Allianz, SE. General insurance from one of the top-notch general insurance companies in India, Future Generali has a record settlement of 14.2 lakh claims and is currently serving over 12 lakh customers and 2000+ active corporate clients. GIC Nepal projected target business premium in the first year will be their targeted people are from diversified sector such as Hydro to Micro level. Bajaj Allianz General Insurance Company Limited is a joint venture between the world's foremost insurance company Allianz SE and Bajaj Finserv Limited, with has an authorized and paid up capital of Rs. Phone (Hunting): +977 1 4511510 Phone: +977 1 4511520, 4511735, 4525508, 4525509 Fax: +977 1 4411736 P.O. We are a subsidiary of Jonas Browne & Hubbard (Grenada) Limited, who started business in Grenada in the 1830's. Active. IV. This is GST number of Maharashtra state. Toll Free Number : 16600188866 01-4443944 Tata Group holds 74% stake in this venture while 26% of stake is held by American International Group (AIG). The General Insurance Business (Nationalisation) Act, 1972 (GIBNA) that followed paved the way for the Government to take over ownership of these businesses. On 1 January 1973, GIC was notified as the reinsurer under Section 101 A of Insurance Act, 1938, making it the Indian reinsurer for receiving obligatory cessions, a role hitherto played by two companies called India Reinsurance Corporation Limited (India Re) and Indian Guarantee and General Insurance Company Limited (Indian Guarantee). Box No: 2290. Auto & General Insurance Company Limited is an authorised insurer and financial services provider. This percentage of cession is decided by the IRDAI on an annual basis. General Insurance Corporation of India Limited abbreviated as GIC Re is an Indian public sector reinsurance company. The Pool was launched on 12 June 2015 with the total capacity of INR 1500 Crores. M K Venkateshan and S K Desai were appointed the two Managing Directors of GIC. Maternity Benefit expenses are covered after waiting period of 9 months 5 Payout basis Indemnity basis for covered expenses up to specified sum insured subject to deductible for each event. As on 31 March 2020, there are 568 employees in GIC Re (including liaison offices and foreign branches). The pool is backed by 13 strong regional insurers and reinsurers with good rating among which some are Government owned as well. Raheja QBE General Insurance Company Limited is a joint venture between the Prism Cement Limited of Rajan Raheja Group and QBE Holdings Pty Limited of Australia. The first Chairman of GIC was A Rajagopalan, an Actuary and an officer of the Indian Administrative Service (IAS). GIC Re’s various line of business are headed by the General Managers namely Ms. Reena Bhatnagar, Mr. Deepak Prasad, Ms. Madhulika Bhaskar, Mr. Sashikant More, Ms. Suchita Gupta, and Mr. S L Tripathy. Mr. Devesh Srivastava is the currently appointed Chairman- and- Managing Director of GIC Re. Pooling arrangements have been used worldwide as alternative risk transfer mechanism in insurance sector majorly for high severity low frequency risks wherein conventional products fail on price variability. It was incorporated on 22 November 1972 under Companies Act, 1956. It has a circular atrium running the height of the building. 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. The name was changed to its present name vide a fresh Certificate of Incorporation issued on 16 November 1993. It was incorporated on 22 November 1972 under Companies Act, 1956. It continued writing foreign inward reinsurance business purely on its own account from 1 April 2002. Its authorized share capital is Rs. It a Sanskrit phrase that translates into, "I shall protect you in times of distress." Policies can be purchased and renewed online as â¦ © 2021 General Insurance Company Nepal Ltd., All Rights Reserved. Explore from our wide-range of auto insurance plans, health insurance â¦ It was established by acquiring South African composite reinsurer Saxum Re in 2014 to cater to Reinsurance needs of Africa continent, especially South Africa. This building was eventually named as 'Suraksha,’ meaning protection. FNCRIP was launched in September 2013 during the 23rd FAIR Conference held in Beijing and is operational since 1 January 2014. It was re-notified as 'Indian reinsurer' under Insurance Act, 1938 and continued to receive obligatory cessions from direct insurers. The CIC general insurance company is the leading cooperative insurer in Kenya and has a client base of over 1.3 million. With effect from 21 March 2003, the four subsidiaries were delinked from GIC by an administrative order from the Ministry of Finance and became directly owned by the Government. Out of these, 198 are female employees. Indian Market Terrorism Risk Insurance Pool (IMTRIP), The FAIR Natural Catastrophe Reinsurance Pool (FNCRIP), "General Insurance Corporation of India Ltd. Financial Statements", https://www.irdai.gov.in/ADMINCMS/cms/frmGeneral_Layout.aspx?page=PageNo4047&flag=1, "Devesh Srivastava takes charge as CMD of GIC Re", "Indian Market Terrorism Risk Insurance Pool", Insurance Regulatory and Development Authority (IRDA), https://en.wikipedia.org/w/index.php?title=General_Insurance_Corporation_of_India&oldid=995298721, Financial services companies based in Mumbai, Financial services companies established in 1972, Government-owned insurance companies of India, Companies nationalised by the Government of India, Short description is different from Wikidata, All Wikipedia articles written in Indian English, Creative Commons Attribution-ShareAlike License, This page was last edited on 20 December 2020, at 08:07. General insurance plans by Bajaj Allianz. INIP was formed in view of the enactment of Civil Liability for Nuclear Damage Act, 2010, as an initiative of GIC Re along with other domestic non-life Insurance companies by pooling the capacity to provide insurance covers for nuclear risks. Retaining its name, the company rebranded itself as "GIC Re" to denote its new identity. The primary business of GICHFL is granting housing loans to individuals and to persons/entities engaged in construction of houses/flats for residential purposes. This Insurance Policy manages burden of these. Box No:2290: 01-4443944, 01-4445844, 01-4445644 Toll Free Number : 16600188866: email@example.com MERO LAGANI 4th Floor, Orchid Hotel Building Tripureshwor, Kathmandu, Nepal Tel: (+977) 01-4215101/4215184 Mobile: 9801000860 E-mail: firstname.lastname@example.org Overseas Travel Medical Insurance policy covers medical emergency, accidents and personal liability. GIC Re has its registered office and headquarters in Mumbai. All non-life insurance companies operating in India including GIC Re are members of the Pool. The remit of the subsidiary is to write business in all classes of reinsurance emanating from Russia and former Soviet Union countries, namely, Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, Ukraine, Uzbekistan. The address of the Company's registered office is at the GREAT EASTERN CENTRE building. Burglary and Housebreaking are defined as theft, involving entry to or exist from the insured p, GIC Nepal started this policy from 24/06/2018. The acquisition has the approval of the Ministry and IRDA. Medical expenses in third country are very expensive. 2nd Floor Arndale House, 122a Market Street, Manchester, United Kingdom, M4 3AG. Grenadian General Insurance Company Limited has been serving Grenada, Carriacou & Petit Martinique with a wide range of quality general insurance products for the past 25 years.