The objective of the General Insurance Corporation of India(GIC):

(i) To carry on the general insurance business other than life, such as accident, fire, etc.

(ii) Now, To aid and achieve the subsidiaries to conduct the insurance business.

(iii) To help the conduct of investment strategies of the subsidiaries in an efficient and productive manner.

(iv) A company counted upon by our clients to provide IT solutions solving business challenges, on time and budget utilizing the latest technology.

(v) The company who takes pride in the empowerment of its employees.

(vi) A company who are able to design, deploy and manage projects from the business challenges to an operational production system.

The function of the General Insurance Corporation of India (GIC):

(i) Carrying on of any part of the general insurance, if it thinks it is desirable to do so.

(ii) Aiding, assisting and advising the acquiring companies in the matter of setting up standards of conduct and sound practice in the general insurance business.

(iii) Rendering efficient services to policyholders of general insurance.

(iv) Advising the acquiring companies in the matter of controlling their expenses including the payment of commission and other expenses.

(v) Advising the acquiring companies in the matter of investing their fund.

(vi) Issuing directives to the acquiring companies in relation to the conduct of general insurance business.