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  1. New India Assurance
  2. General Insurance Corporation of India
  3. Oriental Insurance Company
  4. National Insurance Company
  5. United India Insurance
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Option 2 : General Insurance Corporation of India

The Correct Answer is General Insurance Corporation of India.

  • General Insurance Corporation of India has obtained a license from the Central Bank of the Russian Federation for its subsidiary company, GIC Perestrakhovanie, Moscow, for the commencement of reinsurance business.
  • The license was received by the corporation on 12 February 2020.
  • The license enables subsidiary to commence transacting domestic and international reinsurance business in Russia.
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Related Questions

The following sentences have been given in a jumbled manner. Un-jumble the sentences and answer the option which describes the order of sentences in a correct manner.  A. India's government is in talks with foreign lenders to provide as much as $14.5 billion in credit to millions of its small firms, two officials said, in a sign, the country's banking system may not be robust enough to do the job on its own B. India's micro, small and medium enterprise(MSME) ministry is discussing the proposal to pull in foreign banks with the country's ministry of finance, which will make a final call. C. The push for foreign loans comes on the heels of the Indian government's announcement earlier this month that it plans to borrow about 700 billion rupees by issuing overseas sovereign bonds. D. The government is in discussions with multiple foreign lenders, including Germany's state-owned development bank KfW Group, the World Bank and some Canadian institutions to extend lines of credit to small enterprises E. One official said that the government plans to source up to 1 trillion Indian rupees of loans from foreign institutions because Indian banks were not in a position to provide enough capital for the small business sector, which is seen as critical to job creation.?
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