Correct Answer :   Life Insurance Corporation of India (LIC)

Sahyadri Insurance was one of the insurance companies which was established in the pre-independence era. In 1986, it was merged with Life Insurance Corporation of India (LIC)

Correct Answer :   Bajaj Allianz Life

Bajaj Allianz Life won the ‘Best Fraud Intelligence’ award at the 5th Annual Insurance India Summit & Awards 2020.

Correct Answer :   BNP Paribas Cardif.

SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Cardif. SBI owns 74% of the total capital and BNP Paribas Cardif the remaining 26%. 

Correct Answer :   1973

The nationalisation of general insurance business from 1 Jan 1973, was the effect of the General Insurance Business (Nationalisation) Act. 107 insurers were grouped into four companies: National Insurance Company, the New India Assurance Company, the Oriental Insurance Company and the United India Insurance Company.

Correct Answer :   1957

On 30 July 1957, Export Credit Guarantee Corporation of India Ltd. ( ECGC ) was established. It provides export credit insurance facilities to exporters and banks in India. It functions under the administrative control of Ministry of Commerce & Industry.

Correct Answer :   1957

The General Insurance Council was established under the Indian Insurance Act 1938. It designed a code of conduct to ensure fair business practices.

Correct Answer :   Both (a) and (b)

Correct Answer :   Percentage

Correct Answer :   General Insurance Business (Nationalization) Act, 1972

Correct Answer :   Actuary