New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The New India Insurance Co Limited was founded by Sir

    Dorabji Tata on July 23rd, 1919 and it was nationalized in which year?
    A 1949 Correct Answer Incorrect Answer
    B 1956 Correct Answer Incorrect Answer
    C 1969 Correct Answer Incorrect Answer
    D 1973 Correct Answer Incorrect Answer
    E 1975 Correct Answer Incorrect Answer

    Solution

    The company was founded by Sir Dorabji Tata on July 23rd, 1919 and nationalized in 1973 with the merger of Indian companies. The Company has 2329 offices and the employee strength is 18783 as on 31.03.2016. The company provides insurance services to the customers having over 170 products catering to almost all segments of general insurance business. The authorized capital and paid-up equity capital of the company is Rs.300 crore and Rs.200 crore respectively.

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