GIC Initiatives

FastDAR Standard Operating Procedure
Amicable Resolution of Mact claims within Ten days of fatal Accident

Rates for Covid 19 treatment
GI Council has prepared a rate chart for COVID 19 treatment that can be used a a baseline for treatment

FAQs for Covid 19 Lockdown
Gi Council issues aAdvisory and clarifications to help the Public during the Covid 19 Lockdown situaton.

Fraud Risk Management
The General Insurance Council is working at reducing frauds in the industry to this end many data sharing

Faayde Ki Baat
GI Council launches PAN -India Insurance awareness campaign to introduce the public to the benefits of having insurance covers

Advisory on Amphan Cyclone
General Insurers provide help as the Amphan cyclone hits Eastern parts of 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

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

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

IAR/PAR Wordings