INSURANCE
The Government Insurance Fund as a centralized Unit providing insurance services was started (as a result of a suggestion made by the Public Accounts Committee ) in 1951, Primarily to cater the general insurance needs of different Government Departments particularly, the commercial and/or industrial undertakings (which have ordinarily to insure their property according to usual trade/commercial practice).
OBJECTS
The objects for which the Insurance Fund was established were as follows:
a. To save for the benefit of Government the margin contained in the premiums charged by the Insurance Companies,
b. To build up a fund, the security afforded by which will enable Government to reduce the extent of its insurance with the Insurance Companies,
c. To reduce the cost of insurance for Government and other Public Undertakings as far as possible and
d. To ensure that appropriate cost of insurance in respect of Government's commercial undertakings is passed on the consumers of goods and users of services supplied by these undertakings.
AUTHORITIES
General Insurance Fund
| Gazetted | |
| Designation | No. of Posts |
| Director of Insurance | 1 |
| Joint Director of Insurance | 1 |
| Deputy Director of Insurance | 3 |
| Assistant Director of Insurance | 5 |
| Junior Technical Officer | 19 |
Life Insurance Fund
| Designation | No. of Posts |
| Deputy Director of Insurance | 1 |
| Junior Technical Officer | 2 |
OFFICE ADDRESS
Directorate of Insurance
Maharashtra State,
264, Grihanirman Bhavan (MHADA),
Opp. Kalanagar, Bandra (East)
Mumbai 400 051
Tel. Director: 643 8403, 640 8792
Office : 643 8690, 643 8746
Fax : 643 8461
