[Solved] Which of the following is true about the General Insurance Corporation of India (GIC Re)? — Ans: It is the sole national reinsurer of India established in 1972 | Insurance Awareness

Insurance Awareness - Reinsurance

Which of the following is true about the General Insurance Corporation of India (GIC Re)?

AIt is the sole national reinsurer of India established in 1972

BIt is a private sector reinsurer established in 1999

CIt exclusively reinsures life insurance policies

DIt operates under the Companies Act, 2013 only

Step-by-Step Solution

Step 1: Recall GIC Re’s status and establishment
GIC Re is the sole national reinsurer of India, established in 1972, primarily dealing with general insurance reinsurance.
Final Answer:
It is the sole national reinsurer of India established in 1972 → Option A
Quick Check:
Sole national reinsurer = correct choice ✅

Quick Trick: Remember: GIC Re = Government’s Insurance Cover Reinsurer, 1972.

Common Mistakes:

MISTAKES

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