GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following Insurance Companies was launched with NABARD as one of its promoter’s with 30 % stake in it?
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SBI Life Insurance CompanyLtd.
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National Insurance Cornpany Ltd.
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Agriculture Insurance Company Ltd.
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General Insurance Corporation Ltd.
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Explanation:
Detailed explanation-1: -General Insurance Corporation of India – 35 % National Bank for Agriculture And Rural Development (NABARD) – 30 % National Insurance Company Limited – 8.75 % The New India Assurance Company Limited – 8.75 %
Detailed explanation-2: -General Insurance Corporation of India (GIC) was formed in pursuance of Section 9(1) of GIBNA. It was incorporated on 22 November 1972 under the Companies Act, 1956 as a private company limited by shares. GIC was formed for the purpose of superintending, controlling and carrying on the business of general insurance.
Detailed explanation-3: -The correct answer is Iffco Tokio General Insurance Ltd. The central government formed it in November, 1972.
There is 1 question to complete.