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Protecting people's future, in the spotlight - India International Insurance


SPOTLIGHT
Updated Mar 12, 2021, 8:15 pm IST
To enjoy a stable life and protect it from the unpredictability, it is important to protect things that help make your life happy
  When talking about one solution that fits all, there is a need to bring India International Insurance Pte Ltd. (III) in the spotlight.
Security, be it emotional, economic, social, or personal, is one of the basic human needs. To function at their full potential, human minds need to be assured of security. Spotting even the slightest risk leads people to lose their calm and become incapable of functioning. This is one of the most crucial factors that contribute to maintaining mind s peace, one of the ultimate goals of people all across the globe. It is human nature to strive to build a secure environment for them and their loved ones. When talking about feeling secure, it is not just confined to protection against criminal activities. The horizon of the term security is much vast. ....

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GIC Re announces Financial Performance for the Nine months ended 31st December 2020


GIC Re announces Financial Performance for the Nine months ended 31st December 2020
Posted On:
2021-02-11 11:27:32
(Time Zone: Arizona, USA)
GIC Re announced financial performance for the Nine months ended 31st December, 2020 at a Board Meeting of company held in Mumbai today.
Global scenario for Insurance Industry for the FY 2020-21 has shown weak trends due to COVID-19 situation for most classes while benefitting a few. As compared to Q2, there is a growth in business volume during Q3 FY20-21.
Although Covid-19 influence remains on the Insurance Industry, severity of the impact is gradually reducing and the same is reflected in the results of the industry. GIC Re s financials for the nine months ended 31st December, 2020 have shown indications of positivity and signals turnaround in the near future. Investment Income for the nine months ended 31st December 2020 has increased significantly. GIC Re s international business has shown a growth rate of 23 ....

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GIC Re reports net profit of Rs 987cr in Q3 FY21


The News Scroll
11 February 2021  
Last Updated at 8:39 pm |
Source: PTI
GIC Re reports net profit of Rs 987cr in Q3 FY21
Outlook
February 11, 2021 20:39 IST
GIC Re reports net profit of Rs 987cr in Q3 FY21
outlookindia.com
1970-01-01T05:30:00+0530
New Delhi, Feb 11 (PTI) General Insurance Corporation of India (GIC Re) on Thursday reported a net profit of Rs 987.42 crore for the third quarter ended December 2020.
There was a loss of Rs 1,069.64 crore in the year-ago period.
Sequentially, it had posted a net profit of Rs 230.06 crore in the second quarter ended September 2020.
Gross premium during the October-December quarter increased to Rs 11,668.51 crore, from Rs 11,539.96 crore in the same period of 2019-20, GIC Re said in a regulatory filing. ....

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