GIC Initiatives

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

Industry highlights- 2017-18
Non life Insurance highlights 2017-2018

Non life Insurance highlights
Non life Insurance highlights

Indian Market Wordings
General Insurance Council (GI Council) has been constituted under Sec.64C of Insurance Act 1938 as the representative body of General Insurers

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