GIC Initiatives

GIC Initiatives for the Insurance Industry in India
Electronic Transaction Administration and Settlement System
The ETASS project has been envisaged as a platform to bring in transparency and ease of settlements of transactions between General insurers in India
Insured Declared Value
IDV is the maximum Sum Assured payable by the insurer on total loss of vehicle. IDV is the as close to the current market value of the vehicle
Fraud Risk Management
The General Insurance Council is working at reducing frauds in the industry to this end many data sharing
Pradhan Mantri Suraksha Bima Yojana
Pradhan Mantri Suraksha Bima Yojana was started by the Ministry of Finance in 2015-16 to provide insurance in case of disability or death
Indian Non-Life Insurance Industry

What's Happening

These are the latest events/actiivities that are to be published
Marine Insurance in India
The Conference was being attended by EC Members of IUMI and invited Guests from Indian Insurance Companies, Marine professionals and Practitioners.

Industry Performance

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Feature of the Month
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News

GIC Regulatory and Industry News
Market growth
The General insurance market direct premium up to the month of August 2017
Customization and implementation of ETASS for coinsurance business
Customization and implementation of ETASS for coinsurance business. Customization and implementation of ETASS for coinsurance business

GIC Corner

Under Construction
Under Construction
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Member Companies

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