The 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.

It was formed for the purpose of superintending, controlling and carrying on the business of general insurance. As soon as it was formed, Government of India (GOI) transferred all the shares it held of the general insurance companies to GIC. Simultaneously, the nationalised undertakings were transferred to Indian insurance companies.

The ownership of the four erstwhile subsidiary companies and also of the General Insurance Corporation of India was vested with Government of India.

Its core values are - Trust and Mutual Respect, Professional Excellence, Integrity and Transparency, Commitment and Responsive Service.

Board of Directors

Mrs. Alice G Vaidyan Chairman
Mr. B N Narasimhan Non-Executive Director
Mr. Jonathan Bagg Non-Executive Director
Mr. Deepak Prasad Managing Director & CEO
Mr. Sanjay Bhikha Non-Executive Director
Adv. Cassim. I. Moosa Non-Executive Director

Management Team

Mr. Deepak Prasad MD & CEO
Mr. Sandip Karmarkar Chief Operating Officer
Mr. Zeeshan Ahmad Chief Underwriting Officer
Mr. Sanjay Kumar Jangir Chief Finance Officer
Mr. Sai Kalyan Ram Chief Technology Officer & In-charge for HR


Contact Detail:
General Insurance Corporation of India
Head Office"Suraksha",
170, Jamshedji Tata Road, Churchgate,
Mumbai - 400 020
India
Tel.: (Board): +91 22 2286 7000
Email: info@gicofindia.com