Static GK - Organizations & Headquarters
Which organisation was established in 1972 as the national reinsurer of India?
Which organisation was established in 1972 as the national reinsurer of India?
easy Q2 of 15
Step-by-Step Solution
Step 1: Identify the role of GIC
GIC was established in 1972 to act as the national reinsurer in India.Step 2: Differentiate from LIC and others
LIC provides life insurance since 1956; IRDAI regulates insurance; NABARD focuses on rural finance.Final Answer:
General Insurance Corporation (GIC) → Option AQuick Check:
National reinsurer = GIC established 1972 ✅
Quick Trick: GIC = Reinsurance, established 1972.
Common Mistakes:
MISTAKES- Confusing GIC with LIC or IRDAI due to insurance sector overlap.
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