BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
10th February 1956
|
|
|
26th February 1989
|
|
|
26th February 1949
|
|
|
18th February 1938
|
Detailed explanation-1: -United India Insurance Company is an Indian public sector insurance company under the ownership of Government of India. Its headquarters is located in Chennai. It was incorporated on 18 February 1938 and nationalised in 1972.
Detailed explanation-2: -United India Insurance Company Limited was incorporated as a Company on 18th February 1938.
Detailed explanation-3: -Life Insurance in its modern form came to India from England in the year 1818. Oriental Life Insurance Company started by Europeans in Calcutta was the first life insurance company on Indian Soil.
Detailed explanation-4: -66 years later, after passing of General Insurance Business Nationalisation Act in 1972, it was merged along with 21 foreign and 11 Indian companies to form National insurance Company Limited, one of the four subsidiaries of the General Insurance Corporation of India, fully owned by Govt. of India.
Detailed explanation-5: -In 1928, the Indian Insurance Companies Act was enacted to enable the Government to collect statistical information about both life and non-life business transacted in India by Indian and foreign insurers including provident insurance societies.