General Insurance Housing Finance
The transaction is seen as a distress sale for wgc which used to run bankrupt home financier dewan housing finance one of the persons said.
General insurance housing finance. Gic housing finance limited is a subsidiary company of general insurance corporation of india. The maximum repayment tenure on the loans is 30 years and the maximum loan that can be availed is 90 of the value of the property. Gic housing finance was promoted by the general insurance corporation of india along with financial institutions like uti icici ifci and hdfc. Gic housing finance was incorporated on december 12 1989 with the name gic grih vitta ltd.
It has 75 branches across the country. It has got a strong marketing team which is further assisted by sales associates sas. I will highly recommend gichf to everyone because of their commendable service and support. Besides reliance infrastructure it houses offices of reliance s financial services including reliance capital reliance housing finance reliance general insurance and other group firms.
Bansal s bet on the insurance firm is part of his broader ambition in. Magma hdi general insurance co ltd. 100 crore people in the know of the deal said. Tajinder mukherjee is a direct recruit officer of the 1983 batch of united india insurance company ltd.
The group which was previously known as housing finance commenced operations on november 18th 1965 and has transformed from being a mortgage financier to a provider of integrated property and financial solutions with interests in real estate development commercial banking property finance and insurance. Mukherjee served as general manager of the new india assurance co. About magma hdi general insurance co ltd. Home loans from gic housing finance can be availed under various categories at interest rates ranging between 9 10 and 12 50 p a.
The company provides loans to individuals and entities for residential purposes. Gichfl has presence in 23 locations across the country for business. Getting my loan approved through gic housing finance was a smooth experience. Our vision is to be the most preferred vibrant and responsible general insurance company fulfilling the aspirations of all its stakeholders.
Flipkart cofounder sachin bansal has acquired dhfl general insurance from wadhawan global capital wgc for around rs. Dhfl is registered with insurance regulatory and development authority of india irdai bearing certificate of registration no ca0052 valid till 31st march 2022 to act as an insurance corporate agent composite and thereby authorised to solicit and service insurance business of both life and general insurance. I really appreciate the support received from the gichf team who were very receptive and patient to all my queries.
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