The New India Assurance Co. Ltd. was a subsidiary of which of the following company?

Question

The New India Assurance Co. Ltd. was a subsidiary of which of the following company?

General Insurance Corporation of India (GIC)
Life Insurance Corporation of India (LIC)
The Oriental Insurance Company
United India Insurance Company

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

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AhmedNazir · Accepted Answer · 2022-09-01T13:21:41+06:00

AhmedNazir

Answer: Option 1

Previously it was a subsidiary of the General Insurance Corporation of India (GIC). But when GIC became a re-insurance company as per the IRDA Act 1999, its four primary insurance subsidiaries New India Assurance, United India Insurance, Oriental Insurance and National Insurance got autonomy.

4 views Answered 2022-09-01 13:21