BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Life Insurance Corporation of India (LIC)
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Bajaj Allianz Life Insurance
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The new India assurance company limited (NIACL)
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Agriculture insurance company of India limited (AICIL)
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Detailed explanation-1: -Detailed Solution. The correct answer is SBI Life Insurance .
Detailed explanation-2: -The correct answer is SBI Life Insurance.
Detailed explanation-3: -Life Insurance Corporation of India LIC of India was incorporated on 1st September, 1956 by amalgamating 243 Companies by the Act of Parliament called Insurance Act, 1956. LIC is governed by the Insurance Act 1938, LIC Act 1956, LIC Regulations 1959 and Insurance Regulatory and Development Authority Act 1999.
Detailed explanation-4: -Bajaj Allianz General Insurance Company Limited is a joint venture between Allianz SE, the world’s leading insurer, and Bajaj Finserv Limited. The Company received the certificate of registration from IRDA on 2nd May 2001 to conduct general insurance business in India.
Detailed explanation-5: -General Insurance Corporation of India Limited, abbreviated as GIC Re, is an Indian public sector reinsurance company which has its registered office and headquarters in Mumbai. It was incorporated on 22 November 1972 under Companies Act, 1956.