Alice G. Vaidyan, Chairman and Managing Director of the General Insurance Corporation (GIC) of India, India’s reinsurance major, has been awarded the Freedom of the City of London in recognition of her work to promote insurance ties between India and the UK.
Alice G. Vaidyan holds post graduate degree in English literature and has been trained at Harvard Business School, Boston, USA. She is a Fellow of the Insurance Institute of India.
Alice G. Vaidyan was the first lady officer to assume the post of Chairman-cum-Managing Director of General Insurance Corporation of India. She was also the first lady chairman-cum-managing director in the public-sector insurance industry (non-life) under the Ministry of Finance in India.
Freedom of the City :
Freedom of the City is an honour bestowed by a City of London Corporation upon a valued member of the community, or upon a visiting celebrity or dignitary. The genesis of the ‘Freedom of the City of London’ is traced to the medieval time of around 1237. The honour enabled recipients to carry out their trade.