GIC of India's Slogans & Taglines

General Insurance Corporation of India (GIC Re) is a state-owned enterprise and India's national reinsurer. Incorporated on 22 November 1972 under the General Insurance Business (Nationalisation) Act, the corporation was formed to superintend, control, and carry on the business of general insurance, consolidating 55 Indian insurance companies and 52 non-Indian insurers under one umbrella. In 1980, four public insurers became its subsidiaries, and in 2000 the IRDA Act ended GIC's exclusive control over its subsidiaries. A landmark restructuring in 2003 formally designated GIC Re as India's dedicated reinsurer, and by 2016 it retained over 60 percent of the domestic reinsurance market even as the sector opened to competition. Today, the company operates across 137 countries, ranking among the world's 50 largest reinsurers with $4.5 billion in premium income in FY2024. Its core offerings encompass fire, marine hull and cargo, agriculture, health, motor, and life reinsurance, alongside risk solutions and enterprise risk management services. Embodying the motto "Āpatkāle Rakṣiṣyāmi" (I shall protect you in times of distress), officially adopted in 1976, GIC Re champions trust, professional excellence, and responsive service in global risk transfer.