General Insurance Corporation and its four subsidiaries offer property Insurance in India.

General Insurance Corporation (GIC)
The corporation was up in 1973 by a special Act of Parliament . It functions through four subsidiary operating companies to provide insurance products to the industrial, commercial, financial and household sectors. At present there are no private sector companies offering any insurance products in India.

The subsidiaries of GIC are :

National Insurance Company
Incorporated in the year 1906 and a subsidiary of the GIC, carries on general insurance business in India with its head office located at Calcutta

New India Assurance Company
Formed in the year 1919,it is a subsidiary of the GIC carrying on general insurance business in India with its head office at Mumbai

Oriental Insurance Company
Setup in the year 1947 as a subsidiary of the GIC to carry on general insurance business in India. The head office is located in New Delhi

United India Insurance Company
It is a subsidiary of the GIC carrying on general insurance business in India with its head office at Chennai