Motor Insurance Business – A bleeding portfolio worsening after liberalization

The origin of Motor Insurance began in 1895 in England. It is surprising to note, when he motor vehicles started its operation, General Insurance Corporation was the first company to transact motor insurance business after the World War I, there was a considerable increase of motor vehicles in all the countries, resulting in increase in number of Road accidents. Read more

Increase of General Insurance penetration in the next decade of innovative technic channels of insurance products

Since the era after nationalization, 1972, General Insurance Corporation (GIC) (amalgamation of 4 subsidiaries:- The New India Assurance Company Limited, The National Insurance Company, The Oriental Insurance and The United India Insurance) subsequently GIPSA (General Insurance Public Sectors Association) have been prevailing with the noble aim of serving the nation of our country under the control of Government of India. Read more