Which of the following is/are subsidiary companies of “General Insurance Corporation of India (GIC)”? 1. National insurance 2. Western insurance 3. Oriental insurance Select the correct answer from below given codes: |ForumIAS

[A] Only one

[B] Only two

[C] Only three

[D] None

Answer: B

Notes:

Explanation: The General Insurance Business (Nationalization) Act, 1972 set up the General Insurance Corporation of India (GIC).

The businesses of the companies nationalized under the Act were restructured in four subsidiary companies of GIC:

Source: FORUMIAS