General Insurance Corporation of India
Indian public sector Insurance company
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General Insurance Corporation,, is an Indian public sector reinsurance company, headquarters in Mumbai, India. It was incorporated on 22 November 1972 under Companies Act, 1956. It was the sole nationalised reinsurance company in the Indian insurance market until the insurance market was open to foreign reinsurance players by late 2016 including companies from Germany, Switzerland and France. GIC Re's shares are listed on BSE Limited and National Stock Exchange of India Ltd.
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Air India plane crash: Claims could reach $475 million, says GIC ReGIC Re estimates total claims from the Air India crash in Ahmedabad could reach $475 million, with liability payouts significantly exceeding the aircraft's value. Ramaswamy Narayanan, chairman of GIC..IndiaTimes - Published |
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