It also has branches in Nepal, Kuwait, and Dubai that together yielded a Gross Premium of ₹377.70 crore (US$44 million)[3] during the year 2022-23.
It has over 1,343 direct customer interaction and policy issuance branches, over 49,305 agents (99.93% of whom are individuals), and 447 insurance brokers besides 11,005 Point of Salespersons (direct) and 1,731 Motor Insurance Service Providers across India, Bancassurance partnerships with 19 banks enable policy sales and services through bank branches, besides four web aggregators and an online portal for policy purchases, renewals, and claim tracking, helping extend the Company's reach beyond physical offices.
[5] With the General Insurance Business (Nationalisation) Amendment Act 2002 (40 of 2002) coming into force on March 21, 2003, GIC ceased to be a holding company of its subsidiaries.
The company's goal was “service to clients”, and achievement was helped by the strong traditions built up over time.
[9] OICL has one wholly-owned subsidiary, The Industrial Credit Company Limited, with a paid-up capital of ₹5 lakh (US$5,800).