Insurance Awareness - Reinsurance
Which organization primarily manages the Reinsurance Pools in India?
Which organization primarily manages the Reinsurance Pools in India?
easy Q12 of 15
Step-by-Step Solution
Step 1: Identify the national reinsurer
GIC Re is the national reinsurer in India and is responsible for managing reinsurance pools.Final Answer:
General Insurance Corporation of India (GIC Re) → Option DQuick Check:
LIC is a life insurer, IRDAI is a regulator, and New India Assurance is a general insurer, so only GIC Re fits the role.
Quick Trick: GIC Re = Government + Reinsurance.
Common Mistakes:
MISTAKES- Mistaking IRDAI as the manager instead of the regulator.
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