CURRENT AFFAIRS

Detailed explanation-1: -Trusted Since 1906 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-2: -Head Office : Address : 3, Middleton Street, Prafulla Chandra Sen Sarani, Kolkata, West Bengal, 700071.

Detailed explanation-3: -She is Chairperson of the Council of Insurance Ombudsmen and Chairperson of Governing Board of General Insurers’ (Public Sector) Association of India (GIPSA). She is also a Member of the Governing Board of National Insurance Academy, Pune.

Detailed explanation-4: -National Insurance Company Limited (NICL) is a central public sector undertaking under the ownership of the Ministry of Finance, Government of India.