GIC (GENERAL INSURANCE COMPANY) – Understanding GIC Business
Just like every bank has to keep compulsory have an account with RBI… every insurance company must have an account with Gic and they give commission to GIC which is kind of fixed and this income keeps on increasing.
Very few companies in the world are in Re Insurance business. Lloyd ins. corp. in london is the biggest reinsurance company in the world followed by GIC.
When you compare it against Lloyd’s valuation GIC is being offered at a very reasonable valuation.
Even likes of LIC, pays premium to GIC annually which increases as LIC policies increase every year.
Enlight your DIWALI with GIC.
All Big FII and DII are hungry for this attractive stock for long term portfolio.
GIC is like father of LIC.
Apply it not only from Listing gains but also as a stock to hold in your long term portfolio.