Insurance Awareness - Reinsurance
Which Indian entity primarily acts as the national reinsurer providing treaty reinsurance support to insurers?
Which Indian entity primarily acts as the national reinsurer providing treaty reinsurance support to insurers?
medium Q15 of 15
Step-by-Step Solution
Step 1: Identify the national reinsurer
GIC Re is the sole national reinsurer in India providing treaty reinsurance support to Indian insurers.Final Answer:
General Insurance Corporation of India (GIC Re) → Option AQuick Check:
LIC is a life insurer, IRDAI is regulator, and New India Assurance is a general insurer, not a reinsurer.
Quick Trick: Remember GIC Re = National reinsurer of India.
Common Mistakes:
MISTAKES- Confusing GIC Re with IRDAI or primary insurers.
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