GENERAL KNOWLEDGE

GK

INSURANCE AWARENESS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following was the parent company of New India Assurance?
A
LIC
B
GIC
C
United India Insurance
D
Oriental Insurance Co. Ltd.
Explanation: 

Detailed explanation-1: -New India Assurance Company became a subsidiary of the General Insurance Corporation of India after the Government of India (GoI) transferred its entire shareholding in general insurance companies to the General Insurance Corporation of India.

Detailed explanation-2: -The company is promoted by General Insurance Corporation of India and its erstwhile subsidiaries namely, National Insurance Company Limited, The New India Assurance Company Limited, The Oriental Insurance Company Limited and United India Insurance Company Limited.

Detailed explanation-3: -The correct answer is Iffco Tokio General Insurance Ltd.

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