General Insurance Corporation of India Q4 Results: The General Insurance Corporation of India (GIC Re), a premier reinsurance company, reported its financial results for the quarter ended March 2025. The corporation witnessed a modest decline in its consolidated net profit by 3.16%, clocking in at Rs 2,498.86 crore compared to Rs 2,580.42 crore in the corresponding quarter of the previous year. Despite the dip in profits, the company recorded a robust increase in sales, which surged by 27.17% to reach Rs 9,250.02 crore from Rs 7,273.93 crore in March 2024.
This mixed set of results highlights a dynamic financial landscape for the state-run insurer. The decline in quarterly profit is seen against the backdrop of increased underwriting expenses and claim settlements, which have added pressure to the bottom line. However, the strong growth in revenue reflects a successful expansion of business and premium collection activities, demonstrating the company’s resilience and continued relevance in India’s insurance ecosystem.
For the full financial year ended March 2025, GIC Re reported a significant improvement in its performance. The net profit for the year rose by 11.16% to Rs 7,431.84 crore from Rs 6,685.88 crore in FY 2023-24. Sales during the same period increased by 8.92%, reaching Rs 36,711.83 crore from Rs 33,704.72 crore in the previous fiscal year. This annual growth indicates a stable and upward trajectory in the company’s long-term operational and financial health.
Who Can Apply for General Insurance from GIC?
General Insurance Corporation of India primarily deals in reinsurance but also supports various insurance products for the public through its partnerships. Individuals and businesses looking for general insurance policies such as motor, health, travel, fire, marine, and liability insurance can apply via primary insurers that are backed by GIC Re.
Eligible Applicants:
- Individuals aged 18 years and above
- Small and medium enterprises (SMEs)
- Large corporate entities
- Non-resident Indians (for specific policy types)
- Government bodies and institutions
Insurance Fees and Premium Charges
The premium charges for general insurance vary depending on the type of insurance product, the insured amount, and the applicant’s risk profile.
| Insurance Type | Average Annual Premium (INR) | Coverage Amount |
|---|---|---|
| Health Insurance | Rs 5,000 – Rs 25,000 | Rs 1 lakh – Rs 10 lakh |
| Motor Insurance | Rs 3,000 – Rs 15,000 | As per vehicle IDV |
| Travel Insurance | Rs 500 – Rs 5,000 | Rs 50,000 – Rs 10 lakh |
| Fire & Property | Rs 2,000 – Rs 10,000 | Based on property value |
GIC does not directly charge individuals but acts as a reinsurer. The premiums listed are indicative for GIC-supported insurers.
How to Use GIC-Backed Insurance and Its Benefits
Usage:
- Choose an insurance provider partnered with GIC Re.
- Purchase a policy relevant to your need (health, auto, etc.).
- Submit required documents and pay the premium.
- Claim benefits as per the policy in case of an eventuality.
Benefits:
- Financial protection against unforeseen losses
- Peace of mind through reliable coverage
- Access to specialized reinsurance-backed services
- Quick claim settlement via GIC’s support to partner insurers
How to Apply for Insurance Backed by GIC
- Visit the Official Insurance Partner’s Website: Search for GIC Re partner insurers like New India Assurance, United India Insurance, etc.
- Select Insurance Plan: Choose the policy type (health, auto, etc.) and check premium details.
- Provide Personal and Risk Details: Submit necessary documents (ID proof, address, etc.).
- Make Online Payment: Pay the premium through secure payment modes.
- Get Policy Certificate: Download or receive a hard copy of your insurance certificate.
Important Dates
| Event | Date |
|---|---|
| Q4 Financial Results Declaration | 27 May 2025 |
| Financial Year-End | 31 March 2025 |
| Policy Renewal Cycle | Varies by insurer and product |
Disclaimer
The above information is compiled from publicly available sources and is for educational and informational purposes only. GIC Re operates primarily as a reinsurer and does not sell policies directly to the public. Individuals should consult with licensed insurance agents or visit official websites of GIC-supported insurers for purchasing policies. GIC Re Official Website
General Insurance Corporation of India Q4 Results Conclusion
The latest financial performance of the General Insurance Corporation of India demonstrates its robustness in an evolving insurance sector. Despite a slight dip in quarterly profits, the growth in revenues both quarterly and annually shows resilience and market confidence. This performance is a testament to the strong fundamentals and effective risk management strategies employed by GIC Re.
For individuals and businesses, insurance policies supported by GIC Re continue to offer essential financial protection. Whether it is health, property, or motor insurance, customers can benefit from GIC’s reinsurance framework by choosing its partnered insurers.
Moreover, as insurance awareness grows in India, GIC’s role in supporting a stable and trustworthy insurance ecosystem is more vital than ever. Its financial health and strategic guidance to primary insurers help ensure fair premiums, adequate coverage, and timely claims settlement.
Looking ahead, GIC Re is well-positioned to handle market fluctuations and enhance its profitability while ensuring sustainable growth. With growing digital adoption and a customer-centric approach, the future looks promising for India’s reinsurance sector.
General Insurance Corporation of India Q4 Results FAQs
1. What does GIC Re do?
GIC Re is India’s national reinsurer. It does not sell insurance directly to customers but supports primary insurance companies by sharing their risks. This helps primary insurers maintain financial stability and offer comprehensive coverage to policyholders.
2. Can individuals buy insurance from GIC directly?
No, individuals cannot buy policies directly from GIC Re. However, they can purchase insurance from primary insurers such as New India Assurance, United India Insurance, and others that are reinsured by GIC.
3. Why did GIC’s net profit decline in Q4 2025?
The net profit declined mainly due to higher claim settlements and increased underwriting costs. Despite the drop, the sales surge indicates stronger premium collection and business growth.
4. Is GIC Re a government company?
Yes, GIC Re is a government-owned reinsurance company operating under the Ministry of Finance. It is listed on the stock exchange and plays a crucial role in India’s insurance framework.
5. What is the benefit of buying insurance from a GIC-backed insurer?
Insurance from a GIC-backed insurer offers added reliability, better financial protection, and support for quicker claim settlements because of the strong backing and risk-sharing provided by GIC Re.
