Correct Answer : New York, U.S.
PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life insurance companies in India. PNB MetLife has as its shareholders MetLife International Holdings LLC (MIHL), Punjab National Bank Limited (PNB), Jammu & Kashmir Bank Limited (JKB) and others.
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.
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
