Insurance Awareness - ReinsuranceWhich Indian company is the leading national reinsurer?ALife Insurance Corporation of India (LIC)BGeneral Insurance Corporation of India (GIC Re)CNew India Assurance CompanyDOriental Insurance CompanyCheck Answer
Step-by-Step SolutionStep 1: Identify the national reinsurerGeneral Insurance Corporation of India (GIC Re) is the designated national reinsurer in India.Final Answer:General Insurance Corporation of India (GIC Re) → Option BQuick Check:LIC is a life insurer, while New India and Oriental are general insurers, not reinsurers.Quick Trick: Remember: GIC Re is the reinsurer; LIC is life insurer.Common Mistakes:MISTAKESConfusing LIC or general insurers as reinsurers.
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