Question

    Which of the following company is not a

    foreign insurance company?
    A Acko General Insurance Limited Correct Answer Incorrect Answer
    B Standard Life Insurance Correct Answer Incorrect Answer
    C Mitsui Sumitomo Insurance co.Ltdd. Correct Answer Incorrect Answer
    D Prudential Corporation Holdings Ltd. Correct Answer Incorrect Answer
    E General Insurance Corporation Ltd. Correct Answer Incorrect Answer

    Solution

    General Insurance Corporation of India Limited abbreviated as GIC Re is a central public sector undertaking under the ownership of Ministry of Finance, Government of India. It was incorporated on 22 November 1972 under Companies Act, 1956. GIC Re has its registered office and headquarters in Mumbai.

    Acko General Insurance is a private sector general insurance company in India. Founded in November 2016, the company received its license from the Insurance Regulatory and Development Authority of India in September 2017.

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