The New India Assurance Co. Ltd. was a subsidiary of which of the following com

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The New India Assurance Co. Ltd. was a subsidiary of which of the following company?

Options:

A . General Insurance Corporation of India (GIC)

B . Life Insurance Corporation of India (LIC)

C . The Oriental Insurance Company

D . United India Insurance Company

Answer: Option A

Previously it was a subsidiary of the General Insurance Corporation of India (GIC). But when GIC became a re-insurance company as per the IRDA Act 1999, its four primary insurance subsidiaries New India Assurance, United India Insurance, Oriental Insurance and National Insurance got autonomy.

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