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Domestic

Domestic

As a sole reinsurer in the domestic reinsurance market, GIC Re provides reinsurance to the direct general insurance companies in the Indian market. GIC Re receives statutory cession of 5 % on each and every policy subject to certain limits. It leads many of domestic companies’ treaty programmes and facultative placements. GIC Re’s capacity for each class of business on Treaty and Facultative basis for domestic business is given in the following table

 
Class Capacity
Property INR 15000 million. Any one risk
Energy $ 100 million
Marine Hull - $ 100 million. any one vessel
  Cargo $ 100 million. Any one policy/sending
Engineering INR 15000 million. Sum Insured
Miscellaneous INR 3500 million. Sum Insured
Aviation-Hull/Spares- Rotor Wing INR 20.50 million. per aircraft
Aviation-Hull/Spares- -Fixed Wing INR 50 million. per aircraft
Liability INR 100 million. per occurrence
Aviation Treaty – Hull INR 500 million.
Spares INR 250 million..
Liability INR 1000 million.

Capacity indicated above is per risk absolute maximum