GIC Housing Finance Limited, established in 1989, is a subsidiary of the General Insurance Corporation of India, focusing on retail housing finance. It offers loans primarily to individuals and entities for residential housing projects across India. The company operates through a network of 75 offices as of March 2019, with a robust marketing team and partnerships with builders and corporates to facilitate housing finance solutions.
Initially promoted by major financial and insurance entities including National Insurance Company Ltd, New India Assurance Company Ltd, and others, the company has evolved with a significant geographic presence. GIC Housing Finance has introduced various schemes and expanded its branch network across key Indian cities and regions. The company also provides insurance covers in partnership with The New India Assurance Company Ltd and Kotak Mahindra Old Mutual Life Insurance Ltd, ensuring borrowers are covered for both accidental and mortgage-related risks.
