GENERAL INSURANCE COUNCIL

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General Insurance Council (GIC)
GENERAL INSURANCE COUNCIL

The General Insurance Council has been constituted under section 64C of the Insurance Act, 1938 since 2001 by the Insurance Regulatory and Development Authority of India (IRDAI). The General Insurance Council is an important link between the Insurance Regulatory and Development Authority of India and the non-Life insurance industry. As per Section 64C of the Insurance Act, 1938 (and amended in January 2015) all general insurers, health insurers and reinsurers granted registration and licence by IRDAI to carry out business in India are members of the General Insurance Council. After the passage of the Insurance Laws (Amendment) Act in April 2015, GI Council is a Self Regulatory Organization for the non-life insurance industry’s market conduct and practices. Its emblem is a blue square diagonally placed and is intercepted by a human figure, which is supported on both sides by grey arrow heads. At the bottom is a banner with the tagline ‘Together We Serve’.

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