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Crop Insurance reaps rewards

GIC Re has proposed a dividend of Rs. 1,002 crore for 2016-17, a 17% increase over the previous year.
General Insurance Corporation of India (GIC Re), the national reinsurer, has reported 1 10% growth in net profit of Rs. 3,127crore for FY17. Gross global premium grew 82% to Rs. 33,585 crore.
Chairman & Managing Director Alice Vaidyan said, “The company’s global ranking has improved to 12th in 2016 from the 14th position in 2015. Also, she added, the premium was split between domestic & overseas business in the ration of 69:31.

Source By: The Insurance Times, VOL.XXXVII – NO.07 – JULY 2017 – ISSN-0971-4480


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