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    Question

    Who is the owner of General Insurance Corporation of

    India Limited (GIC Re)?
    A Sequoia Capital India Correct Answer Incorrect Answer
    B Radhakishan Damani Correct Answer Incorrect Answer
    C Premji And Associates Correct Answer Incorrect Answer
    D Tata Group Correct Answer Incorrect Answer
    E Government of India Correct Answer Incorrect Answer

    Solution

    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. It was the sole nationalised reinsurance company in the Indian insurance market until the insurance market was open to foreign reinsurance players by late 2016.

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