Q. Which of the following Insurance companies are works under General Insurance Corporation of India (GIC)?
1. National Insurance Company Ltd.
2. New India assurance Company Ltd.
3. Oriental Fire and Insurance Company Ltd.
Select the correct answer using the codes given below:
Answer: D
Notes:
In 1971, the government nationalised the private sector companies (107 Indian and foreign companies) playing in the general insurance segment and a government company, the General Insurance Corporation of India (GIC) was formed in 1972. The GIC started operation on January 1, 1973 with its four holding companies:
- National Insurance Company Ltd.
- New India Assurance Company Ltd.
- Oriental Fire and Insurance Comany Ltd.
- United India Insurance Company Ltd.
Source: TMH Ramesh Singh
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